@PegasusFund Works out to ~7x debt /ebitda ratio right, if treated as on BS… staggered kick ins, high earnings quality and ~$90B fcf generation. Aggressive yes, but now’s the time to be?
This album by Nicholas Jaar was inspired after a viewing of Sayat Nova (цвет граната), Paradzhanov's legendary visual poem about the life of the eponymous poet and troubadour. Both are masterpieces.
@Liamofthenorth@Keith_GadgetUK@mglsite@NoContextBrits Reductive and incorrect - you’re neglecting the embedded inflation expectations. Demand for US treasuries is enormous - everyone sovereign wants to and does buy them. USD is the reserve currency of the world.
@Keith_GadgetUK@mglsite@NoContextBrits Because US treasury bonds yield about double what they could get investing in European or peripheral debt, bc Europe is a stagnant cesspool of individuals like yourself
@phillipcrymble Beautiful… the way the register of the second stanza shifts lyrical, musical; the imagery bends towards unity, (us/our/her head/my head/mingled breath), and simple tragedy of the final line… gorgeous work