Crimes The two Y axis chart crime from this week’s New York Times. It implies a reciprocity that does not in fact exist. But…..we do know that the returns to labour are collapsing. Not the fault of profits though. Something else is missing too, leisure time. It seems almost certain now that this trend will
It was dem aye ais innit How long then, until AI is blamed for everything? Prime Minister Albanese is reportedly furious that OpenAI hacked a Medicare portal and then reported it to the Australian Government via the customer service email address (how else would they?). He used his speech to a near totally empty United
Timmer Jurrien Timmer, Director of Global Macro at Fidelity Investments. He is an excellent chef as it happens, I think I’ve shared some of his culinary creations before. I’m often more interested in what he’s been cooking than what he has to say about some arcane part of the global economy, so perhaps you are
Dishwasher As you now know, I love to bore on to you about David Deutsch. Mostly because, until I had read his books, I had never even thought about what knowledge was. Circa 20 years of ‘education’ and somehow the concept of knowledge had never actually come up. Indeed, to ask someone today ‘what is
Too volatile This looks to me to be a nice place to live. Pool, outhouse etc, perhaps the main downside is it’s the middle of nowhere which might also be the appeal. Still 50% is a fair haircut in three years for something that is not supposed to behave like that. Volatility is one thing
Infinite Slop AI Slop. Essentially bad code written by AI, or a bad article written by AI, or bad AI art or music. Slop! That is until it improves out of sight roughly every 90 days. The code was slop 18 months ago, now nobody writes code, the machine does it. The whole Bitcoin sector
Military Grade I was rather surprised to receive this during the week. I’m not naturally a frequenter of “Oz Hair and Beauty” and cannot ever remember buying anything from them. My email did in fact show though that in 2019 I secured myself a “Military grade Lemon Myrtle deodorant”. It’s amusing, I suppose, because working
Our trend Our mantra, for years, has been “who will buy the bonds”. In fact, for a variety of reasons lots of people do want to buy them, particularly at the shorter end. Two year bonds are useful, anything longer and it’s a bit dangerous. The whole bond yield journey reminds me of a podcast
Quite the moment in time There have been few weeks as consequential in Bitcoin history as the last one. Perhaps the top five are the launch itself (2009), the Mount Gox hack (2014), the Fork Wars (2017), FTX (2022) and now the double dose of drama, ColdCard and BIP110. ColdCard we covered last week. It
