The yield on the 30-year Treasury is above 5.3% for the first time since April 2007. At the time the U.S. national debt was still under $8.8 trillion. Now it's over $39.9 trillion, over 4.5x as large. Plus, in 2007 bond yields were still trending down. Now they are trending up.
Hoy fui a la Asamblea Legislativa a mi reunión semanal con @AbrilGordienko y no podía acercarme al edificio principal porque estaba cercado por un gran operativo policial. Calculo que habían unos 60-70 efectivos de la Fuerza Pública fuertemente armados con un gran número de vehículos.
Pensé, ¿será que trajeron a Diablo a Cuesta de Moras? Al final de cuentas un diputado oficialista es el principal abogado defensor de narcotraficantes. Pero no, era la presidenta y el ministro de la Presidencia haciendo el show para presentar unos proyectos de ley.
¿Cuánto le cuesta a los costarricenses este circo? Esos son 60-70 policías que no están patrullando las calles y cuidando a la gente.
What a week for @circle and @USDC. Just in the past 7 days:
• Circle received final OCC approval to establish Circle National Trust, bringing USDC infrastructure under a federally regulated trust bank framework.
• USDC served as the preferred stablecoin for the cash leg of transactions behind @The_DTCC’s move into live, production-grade tokenization.
• Marex began allowing clients to post USDC as margin for derivatives, bringing stablecoins into institutional clearing and collateral workflows.
• Circle signed an agreement with JCB, Japan’s largest card network, to explore USDC-powered cross-border payments and merchant transactions.
• Circle Gateway and Circle Payments Network became natively accessible through @FireblocksHQ, making it easier for institutions to manage USDC across chains and settle payments globally.
• Circle joined the @x402Foundation as a founding member, helping establish an open standard for internet-native payments across AI agents, APIs, and applications.
• Circle partnered with Grupo BIND to expand institutional access to USDC in Argentina.
• @BNYglobal highlighted its expanded partnership with Circle during its Q2 earnings call, including new capabilities that allow institutional clients to custody, mint, and redeem USDC through BNY’s banking platform.
Mainstream stablecoin adoption has arrived and it is being powered by Circle & $USDC.
Keynes acquired Newton's private papers and was shocked at what he found. @michael_nielsen reads the key passage in the essay Keynes published afterwards:
"Newton was not the first of the age of reason. He was the last of the magicians, the last great mind which looked out on the visible and intellectual world with the same eyes as those who began to build our intellectual inheritance rather less than 10,000 years ago."
And as Michael jokes, what are these great scientists actually doing? Writing down squiggles on a page based on observations and these mysterious cosmic connections, then using it to accomplish miracles. Launching rockets, creating atomic bombs. "That's exactly what magicians do."
Keynes was shocked to find that Newton's alchemy and theology used the same methods as his physics:
"There was extreme method in his madness. All his unpublished works on esoteric and theological matters are marked by careful learning, accurate method and extreme sobriety of statement. They are just as sane as the Principia, if their whole matter and purpose were not magical. They were nearly all composed during the same twenty-five years of his mathematical studies."
🧵 Cuando una empresa no se sostiene y además demuestra pésima administración, no se le da más 💵: se le cierra el tubo.
Pero para los estatistas el objetivo no es resolver problemas, sino mantener agencias de empleo. 🤷🏻
Por eso ahora quieren darle el BCR a la CCSS. 🤦🏻 (1/2)
Hoy en Costa Rica todos hablan del tipo de cambio del dólar, pero los bancos bien calladitos con un diferencial compra y venta (spread) entre 14-16 cólones en promedio, incluyendo los bancos “públicos”. #graciaspornada