So as well as plaguing y'all's feed with #transitory materiel (and the occasional music tweet) I write for Bloomberg Opinion and here's a link to get my Opinings directement into y'all's inboxes:
https://t.co/h5LqfOJ9E1
FYI: My thoughts on the recent surge in yields, yesterday’s Treasury buyback announcement, and what’s next.
https://t.co/ufrHXDhhgb
#economy#markets#bonds#yields@nytimes
In Transition, Iain M Banks reckoned eclipses would attract alien tourists: "For all we know, eclipses like this are unique. This could be a phenomenon that happens on Earth and nowhere else..So that's where you look for aliens. In the course of an eclipse totality track.
This on Leverage + Concentration = Situational Awareness go bang... is really interesting: "Even if you had a 60/40 edge on every trade—which nobody has in the stock market—you’ll still go bust if you overbet."
Our new Epsilon Theory Unplugged series on @Panoptica_ai is🔥. This latest piece by @KrisAbdelmessih on Leo's fall is, unsurprisingly, fantastic. Ken "Mordecai" Griffin, the Kelly Criterion, the perfect murder, & that timeless Achilles' heel, hubris. https://t.co/VzqOPFGnXY
Our new Epsilon Theory Unplugged series on @Panoptica_ai is🔥. This latest piece by @KrisAbdelmessih on Leo's fall is, unsurprisingly, fantastic. Ken "Mordecai" Griffin, the Kelly Criterion, the perfect murder, & that timeless Achilles' heel, hubris. https://t.co/VzqOPFGnXY
CHART OF THE DAY: The Rhine's water level (measured at the chokepoint of Kaub) has fallen to the 2nd lowest in recent history, only above the low point of October 2018. The Kaub **gauge** stands at just 31 centimeters (note zero is not at the riverbed). The 2018 low was 25 cm.
@notayesmansecon Sure, on new debt. Current 10-year benchmark interest rate is 4.75% tho. Weighted average coupon on entire debt stock is 3.01%, compared with 3.26% for the US...