Slow Chapters Pay Off in Stolguard Incident's Two Halves
The Stolguard Incident is divided into 2 parts. But really it's two halves. Mystery and resolution. My favorite feedback is: "I'm really enjoying the 1st half, but a few flashback chapters are kinda slow." and then, "Omg, I read the 2nd half in a day. Those slow parts were key." https://t.co/ELQbIeK6xm
Beware: Impersonator Sending Scam Emails, Not on Instagram
PSA: There’s an impersonator pretending to be me sending out scam emails about some trading system. Please disregard emails like that. Same for scams on Instagram and such. I’m not on Instagram. (sigh)
Azula Inspired Fallon's New Stolguard Character Design
Azula was one of several inspirations that went into Fallon’s character concept in Stolguard. (iykyk) https://t.co/90lW3MMW0h https://t.co/x5iIOpljbv
Local Airport Loses Spirit Service, Residents Face Longer Commutes
I live near a tiny, oddly convenient airport that only had Spirit flights. With Spirit winding down today, those routes are gone. Have to always go to the larger, farther airports now. Rough day for all the workers at that airport, too.
Miran’s Exit Leaves Fed with No Remaining Doves
Interesting chart, although there is some hard-to-quantify nuance regarding how dovish/hawkish each individual member truly is.
Foreign Central Banks Stopped US Treasury Purchases; Domestic Funding Rises
Multiple things are simultaneously true: 1) Foreign public sector (central banks) are not buying US treasuries for over a decade, led by China. 2) Foreign private sector is still buying treasuries. 3) Foreign buying is not keeping up with issuance, so more is...
Cross‑border Debt Now Props the Dollar, Fuels Deficits
These days, the dollar is supported less by the US Navy, and more by all the crossborder dollar-denominated debt outstanding. But the real punchline is that it's also the source of the US structural trade deficits and industrial stagnation.
BOJ's Gigaton Reserves Deter Over‑Eager Yen Bears
Every once in a while, the BOJ puts the fear of god into over-eager yen bears by reminding them that it has a metric gigaton of reserve firepower. https://t.co/eIUqeJsch7
Box Office Flop Under 1% Budget Recovery: Almost Intentional
Didn't even hear about it. A movie not even earning 1% of its budget back is so hard to do that it almost has to be on purpose.
Rate Hikes Hit Federal Debt, Not Corporate Borrowing
This is partially a symptom of fiscal dominance. Rate hikes pushed up federal interest expense rather than corporate interest expense.
Merger Should Be Allowed; They’re Not Big Four Airlines
Should’ve let them merge. Neither of them is one of the big four U.S. airlines anyway.
King's Daily IQ Flip Determines Whether He Rules or Plays
In the Stormlight Archives, there is a character (a king) who magically wakes up each day with a random intelligence level. His caretakers test him in the morning to determine whether he’s capable of leading his country that day or is...
US Banks' Unrealized Losses Halve to $306 B
Rephrased: US banks are facing unrealized losses of $300B, down from $700B in 2023. For context, those US banks have around $25,000B in assets and $2,600B in equity capital.
UAE Can Preserve Peg via Swap Line, Not Reserve Cuts
A lot of this seems preemptive, given UAE’s large existing FX reserves. Using a swap line for a bit to help maintain the currency peg would be seen as less disruptive than trimming reserves.
Diversify Wealth Globally, Don’t Overinvest in Local Real Estate
It’s a good argument not to put too much wealth into local real estate, and instead to think more global, more mobile.