The tyrants of Iran - after massacring 30-40,000 innocent people -are now hanging innocent young people from cranes in public and in secret.
This is one of the great moral tests of our time.
Keep shouting about this. Keep remembering them.
There's lots of chatter how AI is driving up long yields. Except that this doesn't show up in data. The IT bubble investment boom in the early 2000s showed up as corporate dissaving, but there's nothing similar now. We're just running huge fiscal deficits.
https://t.co/QBNCDecC05
"Embrace an authoritarian who routinely bashes Democrats and regularly praises totalitarian regimes, or else you're a ZIONIST"
Why are Democrats being asked to swallow this obvious dogshit
Canada Capture: CBC has a major problem. Senior Director of Journalistic Standards and Public Trust at @CBC, instructed reporters and editors to "...not refer to the Sept. 11 attacks as terrorist attacks.” https://t.co/ZIeQIIq87f
@itaisher Makes me wonder what the complications were. Difficulty discerning what the truth is in some situations, which is certainly possible? I can't think of a situation in economics in which I've ever faced this dilemma.
The “New Yorker” he’s mourning was arrested and charged with walking into a Bronx laundromat and attacking 2 strangers with meat cleavers, killing Jose Miranda and seriously wounding another man.
He had 27(!) prior arrests and had been paroled just 1 month before the killing.
This paper is absolute nonsense. It's just a model! Just glance at history and tell me if societies that adopted more machine tools became more repressive or less repressive over time. At this point the anti-AI crusade has just totally gone to Acemoglu's head.
I don't mean "metaphorically Nazis", or "might as well be Nazis", or "I'm just looking for some bad group of people to associate leftists with".
I mean literal, actual, Adolf Hitler idea promoters.
So because Scholten is not Jewish it’s “strange” for her to speak out against anti-Semitism?
That’s like suggesting it’s strange when a white politician speaks out against anti-Black racism. Of course no one would ever say that but it speaks volumes that a non-Jewish Democrat drawing a line in the sand on anti-Semitism is seen as unusual.
Stanley Druckenmiller renders an unfavorable opinion of Treasury Secretary Scott Bessent's use of buybacks to defend against higher yields in a market that is functioning normally.
"I have spent five decades trading on a simple premise: Markets aggregate information no committee possesses, and prices are how that information reaches decision makers. The long-term Treasury yield is the most important price in the world. It is also the only fiscal disciplinarian the U.S. has left."
"Every basis point of artificial yield suppression is a subsidy to procrastination."
"Return buybacks to their stated purpose: small, scheduled, off-the-run liquidity operations announced at quarterly refundings, never off-cycle responses to yield levels. Term out the debt honestly and pay the price the market sets."
"If the 30-year must trade at 5.5% to clear, that isn’t a crisis. It is an invoice. Then do the only thing that durably lowers long-term yields: address the primary deficit."
https://t.co/Xe8Vi38WiI