I think the covid moment will be this month where some fund manager sends his au pair to get an oil change for his car and she comes back and she's like, "I'm sorry but everyone is out of motor oil
And he says to himself. "Oh my God it's real"
@DeepDishEnjoyer Mazda vehicles in general are pleasant to drive and reliable. As a matter of fact, the mazda 3s engine shares many parts with the toyota corolla.
“China is now eating our lunch.��
RFK Jr. warns the U.S. is losing its edge to China in medical research and drug development.
“They got more drugs approved last year.”
“They went from running 3% of clinical trials to running 30%.”
“We are losing scientists, we’re losing our IPs, we’re losing the best researchers.”
“We’re going to lose our biosecurity.”
“We are fast-tracking approvals now in our country at record levels.”
The irony is that we are chasing an ever-narrowing window of hope.
First, we traded on headlines of 'ending the war,' then it was 'a ceasefire.' After that, we traded on the hope of a partial, temporary opening of the SoH, and then we were reduced to hoping for just a single round of negotiations.
Now, we are trading on the expectation that the maritime blockade will be lifted—just so that a single meeting can even take place. As the focus narrows, it drifts further away from the truth and any fundamental change.
Yet, we have become more obsessively fixated on these increasingly meaningless details. Looking back, it was almost better two weeks ago when the market reacted to the nonsense of 'a new era of peace.' At least that felt like change.
Now, we are further from that than ever, yet trapped in an obsession with the trivial. They have done a masterful job of blurring the essence of the situation.
#oott #iran
@orrdavid I think a fair rebuke to "wait and see" is how much can we actually "wait and see"? Maybe a long time, maybe not. There is no absolute answer to this question, but there are real consequences to finding out empirically.
Hungarian opposition leader Péter Magyar has announced that Prime Minister Viktor Orbán has called him to congratulate him and his party on today massive win in the Parliamentary Elections.