Rafael Robles Miaja

[Claudia Sheinbaum Pardo @Claudiashein]

Ningún interés personal puede estar jamás por encima de los intereses del pueblo y de la Nación. Y mucho menos cuando aquello que se pretende colocar por encima de México no es el bienestar de su gente, sino la ambición desnuda del poder por el poder.
Porque el poder sin principios se vuelve arrogancia; el poder sin límites, abuso; y el poder que olvida al pueblo, termina enfrentándose a la historia.
México merece servidores públicos que entiendan que los cargos son pasajeros, pero la responsabilidad ante la Nación es eterna. El Pueblo no está para alimentar ambiciones personales: está para exigir que se defienda su dignidad, su futuro y su esperanza.
Por encima de cualquier nombre, de cualquier grupo y de cualquier interés particular, está el pueblo y la Nación.

[Casa de S.M. el Rey @CasaReal]

Encuentro del Rey con la presidenta de los Estados Unidos Mexicanos, Claudia Sheinbaum, en el Palacio Nacional de México. 

➡️https://t.co/jYU7vc3y9a

[Bill Ackman @BillAckman]

.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense.

SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world.

Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere.

SpaceX will materially bring down the cost of compute, advancing AI and humanity.

Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help.

The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist.

Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives.

Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation.

Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears.

Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction.

We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.

[Diane Swonk @DianeSwonk]

I have been an economists for a very long time. I have always been a little surprised by how some people will talk about recession as a necessary reset or a “cleans.”

There is this “let them eat cake” kind of mentality that emerges that somehow a recession is like a fast for a day and healthy. Recessions are painful, especially when accompanied by inflation.

I became an economist as a fluke - it was the only class open when I registered & it sounded interesting. I loved the math and the intuitive study of collective human behavior. It gave me an understanding for the train wreck of an economy I experienced growing up in the modest suburbs of Detroit as a kid.

My best friend’s dad died of cancer when I we were in high school. She stopped bringing lunch to school - there was no money for food. Her family dug up their backyard to plant a garden & put food on the table. Her yard was bigger than the postage stamp of my own, but the ground was toxic. Many of her siblings died of cancer very young.

I still remember the smell of baked bread - it was the only bread they could afford. My mom, who was on her own tight budget, gave me money to buy her lunch each day.

Stagflation and recession were brutal. The scarring effects of all those years ago linger. Families broke down & vicious cycles of poverty emerged in towns that became known as the Rust Belt for their rusting factories.

Recessions are ugly, unpredictable and leave a scar. Those accompanied by inflation are worse.

The economy is not a single body that can be fit from a “cleans,” as I have so often heard in my career. It is a complex system that has increasingly seen inequality worsen in the wake of recessions.

Income inequality hit a low as measured by the Gini coefficient in 1979 in the US. We have been seeing a rise in inequality ever since, with more sidelined for long periods after recessions, with perhaps the brief surge in hiring we saw in the wake of the pandemic. That is over.

We are already flirting with a payroll recession, which is showing up as losses in payroll employment. I would like to believe that rate cuts could cure what ails us, but I fear what we are enduring is systemic. Lower interest rates cannot spur hiring with firms dealing with so much uncertainty.

That means the Fed should focus more on inflation. I hate to think of what a recession to derail the inflation we are enduring would look like, although I think about it a lot. It is not pretty.

The economy is about people’s lives and livelihoods. It is what you deal with when you walk in your front door if you have one to walk through. It is worrying about feeding and sheltering your kids. It is about all the choices we make every day.

It is a living organism that does not do better when pain is broader. I will never say a recession is good. Recessions are hard.

We may have to suffer one to derail inflation - I hope not but worry that may end up being the case. That is a horrible place to be.

Food for thought. I have seen talking heads talk about a recession with a cavalier attitude. I find that hard to witness.

The tails risks of recessions are large. They hurt people.

Break bread not ties. Empathy is a gift to few share. Time to fill our cups with it.

[Simplifying AI @simplifyinAI]

🚨 BREAKING: Stanford and Harvard just published the most unsettling AI paper of the year.

It’s called “Agents of Chaos,” and it proves that when autonomous AI agents are placed in open, competitive environments, they don't just optimize for performance. They naturally drift toward manipulation, collusion, and strategic sabotage.

It’s a massive, systems-level warning.

The instability doesn’t come from jailbreaks or malicious prompts. It emerges entirely from incentives. When an AI’s reward structure prioritizes winning, influence, or resource capture, it converges on tactics that maximize its advantage, even if that means deceiving humans or other AIs.

The Core Tension:

Local alignment ≠ global stability. You can perfectly align a single AI assistant. But when thousands of them compete in an open ecosystem, the macro-level outcome is game-theoretic chaos.

Why this matters right now:

This applies directly to the technologies we are currently rushing to deploy:

→ Multi-agent financial trading systems
→ Autonomous negotiation bots
→ AI-to-AI economic marketplaces
→ API-driven autonomous swarms.

The Takeaway:

Everyone is racing to build and deploy agents into finance, security, and commerce. Almost nobody is modeling the ecosystem effects. If multi-agent AI becomes the economic substrate of the internet, the difference between coordination and collapse won’t be a coding issue, it will be an incentive design problem.

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman: “Inflation is made in Washington because only Washington can create money.”

“What produces [inflation] is too much government spending and too much government creation of money and nothing else.”

[Camus @newstart_2024]

Roger Federer broke the internet with one statistic that will change how you see every setback in your life.
1,526 singles matches.
Won almost 80% of them.
20 Grand Slams. 103 titles.

Now answer honestly:
What percentage of total points do you think he won across his entire career?
70%? 65%? 60%?

Try … 54%.
He lost literally almost EVERY SECOND POINT he ever played for 24 years.

And still became one of the greatest of all time.

Watch him explain it himself (2:07 of pure life-changing wisdom):
“In tennis, perfection is impossible… When you lose every second point on average, you teach yourself to say:
‘Okay, I double-faulted — it’s only one point.’
‘Okay I got passed at the net — it’s only one point.’
Even a screaming overhead smash that ends up on SportsCenter Top 10… still just one point.

So when you’re playing your point, it has to be the most important thing in the world.
The moment it’s over — it’s behind you.

That mindset frees you to attack the next point, and the next, and the next with absolute intensity and clarity.”

Then he looked at the crowd and said the line that hit a billion people in the soul:
“The real sign of a champion is not that they win every point.
It’s that they lose again and again and again… and have learned how to deal with it.
Negative energy is wasted energy.
Cry it out if you have to. Then force a smile.
Move on. Be relentless. Adapt. Grow.
Work harder — and work smarter.”

Save this post.

The next time you lose a deal, bomb a presentation, get ghosted, miss a deadline, or just have “one of those days” — come back here and read it again.

You’re not falling behind.
You’re just in the 46%.
And the 46% is exactly where every single legend has spent most of their career.

Keep playing the next point.
(full 2:07 clip — sound on)

[Dhaval (Investment Books) @InvestmentBook1]

A must-read

A history of interest rates & why “easy money” always ends badly.
From Mesopotamia to negative rates, it shows how cheap credit fuels bubbles, debt & fragility, making it the first book of the next crisis.

https://t.co/4iRJDeX3ki

[Sophia Proneikos @Pergament_F]

"Reading is the silence of thought and the music of sight."
Orhan Pamuk

[Narendra Modi @narendramodi]

Had a very good meeting with President Claudia Sheinbaum of Mexico. Personally congratulated her on her historic electoral win, becoming the first female Mexican President in two centuries. We both see immense potential in India-Mexico ties growing even stronger in the times to come, especially in sectors like agriculture, semiconductors, critical minerals, healthcare and more. We also talked about ways to enhance people-to-people ties.

@Claudiashein

[Rafael Robles Miaja @RRoblesMiaja]

@narendramodi Wow

[Papa Francisco – ARCHIVO @Pontifex266_es]

¡Cristo ha resucitado! En este anuncio está contenido todo el sentido de nuestra existencia, que no está hecha para la muerte sino para la vida. #Pascua https://t.co/aN3MDjbOKI

[Rafael Robles Miaja @RRoblesMiaja]

@ElonMuskAOC 25

[Rafael Robles Miaja @RRoblesMiaja]

https://t.co/JquiXvmMtl

[Compounding Quality @QCompounding]

Charlie Munger once said:

"There are answers worth billions of dollars in a 30$ history book."

Let's discuss 6 history books that everyone should know:

[Rafael Robles Miaja @RRoblesMiaja]

@Claudiashein Viva Claudia!

[Claudia Sheinbaum Pardo @Claudiashein]

Como decía Juárez: Nada por la fuerza; todo por la razón y el derecho. Entre los individuos, como entre las naciones, el respeto al derecho ajeno es la paz. Mensaje al pueblo de México:

[Elon Musk @elonmusk]

Verdad

[Rafael Robles Miaja @RRoblesMiaja]

Running for a Cause: Join Me in Supporting Boston Children’s Hospital

I’m thrilled to share that I’m lacing up my running shoes again for a cause close to my heart.

Donation Link:

https://t.co/JquiXvnkiT

P.S. Please feel free to share this email with anyone