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"The world drains the people that care the deepest. The ones with soft hearts that carry the heaviest loads, not because they are weak but because they refuse to become what hurt them. We don't talk enough about the emotional tax of being good in a selfish world. You show up…
The difference between who you are today and who you’ll be in 5 years is almost entirely made up of the books you read between now and then.
Yes. Writing is not a second thing that happens after thinking. The act of writing is an act of thinking. Writing *is* thinking. Students, academics, and anyone else who outsources their writing to LLMs will find their screens full of words and their minds emptied of thought.
What if I told you that Jane Street made ₹36,500 crores from Indian markets in just 2 years, and ₹4,800 crores of that was allegedly through market manipulation? They turned India's stock market into their personal ATM using a strategy so clever. Here's the complete details 🧵
71 years ago today, the Chuck Jones/Bugs Bunny masterpiece, Long-Haired Hare, premiered. Leopold! Leopold! 😂
Cracks Are Spreading in the U.S. Labor Market The labor market hasn’t collapsed. But beneath the surface, key employment metrics are deteriorating 🧵 1/13
MAY CPI Cold report...Shelter inflation continues its mechanical deceleration. Core goods negative MOM Supercore +.06% MOM (2nd lowest reading since last summer). If not for tariffs, the Fed would be cutting.
BREAKING: Apple just proved AI "reasoning" models like Claude, DeepSeek-R1, and o3-mini don't actually reason at all. They just memorize patterns really well. Here's what Apple discovered: (hint: we're not as close to AGI as the hype suggests)
Two twins after they were separated for a day for the first time in their entire lives
“The cult of personality Anthony Bourdain left in his wake is frankly insufferable,” says The FP’s @SnoozyWeiss. “He broke how a generation of men eat.”
Human Affairs
Trump tariffs. Where are the powers coming from? Well, he has a menu of tariff options. It's the only tax that the president can incur without congress. For Reciprocal Tariffs, he used the International Emergency Economics Power Act (IEEPA), which has an advantage of SPEED and…
Trump trade authorities come from 3 sources: 1) International Emergency Economics Power Act (IEEPA) to give the president the power to declare a national emergency & impose tariffs. He did this w/ fentanyl for Mexico & Canada + Reciprocal tariffs. 2) Section 232 Tariffs that…
The 80/20 Pareto Principle, explained.
~2,500,000 (~1/3 of) FHA loans face avg ~$625/mo payment shock when STILL in forbearance (0 pymt in 5 yrs) SAVE student loans -> Repayment Assistance Plans 3-9 months after "big beautiful bill" passes. Student loan impact on mtg has yet to hit. Full analysis in first reply.…
1/thread🧵 Almost 20 years ago, I started thinking about the ergodicity problem in the context of economics. That turned out to be surprisingly fruitful, and now there's a book about it.
Time to take the Casio out to debunk all the false deficit narratives from the usual Cumlords. First things first, the release of the tax provisions by the House Ways and Means Committee came BELOW expectations. Expectations were for $ 4 trillion and it came at $ 3.7 1/8
It seems like all the commentariat is falling for a logical fallacy here. The crux of the issue is the already in place $ 4 trillion of tax cuts that are meant to expire EOY. Extending this would imply neither fiscal expansion nor fiscal tightening. 3/8
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