Aava

~ I speak art ~ Deterministic stochasticity ~ 📈

[Aava @__Aava__]

❤️

~ To My Son ~

Daniel, I’d like you to know that I love you.
And I’ll always love you, no matter where I’ll be.
You are the light of my life.

❤️

[Aava @__Aava__]

I can no longer in good faith be on this platform and let it harvest my data.

[Aava @__Aava__]

Hitler put people on trains.

Trump puts people on planes.

[Aava @__Aava__]

@elonmusk Artificially manipulating the price of money also creates inflation.

Similarly, regulation that negatively impacts supply creates inflation. Think all the regulation that makes it expensive to build a house, for instance.

[Physics In History @PhysInHistory]

"The task is not so much to see what no one has yet seen, but to think what nobody has yet thought about that which everybody sees."

- Erwin Schrödinger

[Physics In History @PhysInHistory]

“Genius requires solitude.”

- Nikola Tesla

[Pedro Domingos @pmddomingos]

Yesterday there was a million-year pause in the simulation, but no one noticed.

[Library Path @LibraryPath]

8.

[Aava @__Aava__]

@josephwang He however didn’t address asset inflation, which is why young people can’t buy a house today.
My best understanding of asset inflation over the last two decades or so is that it’s been caused first and foremost by central bank policies.

Please let me know if that’s incorrect.🙏🏻

[Aava @__Aava__]

@texasrunnerDFW @elonmusk Agreed, but he addressed inflation and not asset inflation (property prices rising). I’d argue rent increases are mostly caused by the latter. Those have been mainly due to easy money policy by the Fed and central banks worldwide (their easy money fuels our asset prices too).

[Library Path @LibraryPath]

7.

[Aava @__Aava__]

@olvelez007 @CooliganFields You are however covered if a Starlink satellite falls on your head.

[Martin Bauer @martinmbauer]

What is a proton made of?

Early scattering experiments probing the substructure of the proton found an interesting result. Instead of being made just from point-like particles (quarks), there seemed to be more going on inside the proton

A🧵1/6

[Aava @__Aava__]

@elonmusk Question is, will human race be the dominant species / sole source of consciousness on Earth/ Mars at that point. Probably not.

[Aava @__Aava__]

@elonmusk Nothing will change until productivity rises such that women don’t bear most of the burden of raising children. An army of robot helpers and artificial wombs will one day upend this picture, and then we will have “new humans on demand.”

[Andreas Steno Larsen @AndreasSteno]

This is the funniest table in finance right now

Returns from buying when CNCB goes full alert “Markets on Turmoil”

Thanks to Charlie Billelo

[Kuppy @hkuppy]

From my buddy @PauloMacro and his excellent blog…

Don’t think guys have thought this through very far.

-If Fed cuts aggressively here, JPY goes to 120 and every CUSIP has a flash crash, as the carry trade blows up.

-If Fed cuts slowly, then it may just blow everything up anyway, cause the economy is rolling over and the ‘wealth effect’ was the only thing holding it up.

-Meanwhile, we just had a 10-yr auction that effectively failed. So if the Fed cuts at all, they blow up the bond market and the banking sector. They realistically need to raise rates aggressively here to save things (imagine that!!). That’s the EM Dilemma. Which is why DMs do not want to become EMs. Or in other words, ‘they’re fuct!!’

[The Kobeissi Letter @KobeissiLetter]

The Fed is in a lose-lose situation:

1. If the Fed cuts rates aggressively right now, markets tank further and they risk a resurgence of inflation.

Cutting US rates will only make the Yen carry trade unwinding WORSE, likely sending the Nasdaq into bear market territory.

2. If the Fed doesn't cut rates right now, recession fears will continue to mount.

No rate cuts means more worry about rising unemployment which is now at a 3-year high.

The Fed must pick between market and inflation instability or a potential recession.

And even if they pick the right former, we may still end up in a recession.

It's going to be a bumpy road ahead.

[Amy Nixon @texasrunnerDFW]

Once the pendulum starts swinging the other way, the collective mentality will shift to, “Why should I buy now if mortgage rates will be lower in 3 months?”

This will be amplified in areas with ample inventory and price cuts

Reverse FOMO