@binarybits@strategy_rpg I believe the new information was the rate at which the Deepseek app was being downloaded in the app stores. My theory is that a bunch of retail investors noticed and sold into an already overpriced market due for correction. But what do I know.
Commentary:
The politics and progress against homelessness are reaching an inflection point in Los Angeles, and the next few months may determine whether the region turns the corner on this issue or loses patience with leadership. https://t.co/eTo8l7ODpo
📝 @newton_jim
@michaelxpettis Investment spending —> salaries (household income) —> consumption. Isn’t that the logic of supply side stimulus? I can see where this flow gets hijacked by bubbles and excessive saving.
@jzellis You don’t seem to make a distinction between urban water use and agricultural water use. My understanding is that the vast majority of water use is to “make the desert bloom.” Water shortages will impact agriculture long before it has a serious effect on cities.
@MayorOfLA I hope we are working toward the point when LAHSA knows every day how many people are homeless. This point in time count seems to indicate that we don’t have an adequate system to understand the problem on a day to day basis, let alone a solution.