I guess this is the end, friends
🎶 We'll meet again
Don't know where
Don't know when
But I know we'll meet again some sunny day
Keep smiling through
Just like you
Always do
@[email protected] 🎶
Many people still do not seem to realise that AI is an extremely dangerous tool to use in situations where its output cannot be easily verified, the results matter, and credibility is at stake. Like fact-checking journalism in the New York Times https://t.co/F3jEPjqicw
Asian investors’ appetite for buying any and all dips is stronger than ever. And stocks have gone up relentlessly for years. But as traders load up on margin, could this time be different? https://t.co/GLOg9YbO2u
No one:
Nobody:
Not a soul:
Me: Hong Kong's base money is HK$2.06tn, equal to US$263.7bn, and HKMA's foreign currency reserves are US$429.4bn, indicating a coverage ratio of 1.628 in constant currency terms. So long as it's above 1:1 there's no reason to worry about the HKD peg.
@felixmwmartin What's also interesting in looking at the Debt Service Ratio, alongside the more positive take on the U.S. deficit, is that Germany and the U.K. are in even better health. Data here: https://t.co/IcmsCKa94A
@felixmwmartin And while that might be counterintuitive, the biggest winners in the U.S. economy, outside of the AI boom, are arguably those industries supported by government largesse.
@felixmwmartin This is a pretty critical point for thinking about the debasement trade. The fiscal deficit shows up as a surplus for the private sector. In effect, the U.S. government is subsidising corporate America.