R

lol, imagine getting section 166’d the year you get your banking license 🤦🏻‍♂️

If we could go back in time and have him do nothing for 2 years instead, we would all be clapping.

Amazing, they literally did the meme

A 2025 Nobel Prize winner in chemistry, Omar Yaghi is the son of Palestinian refugees who grew up in Jordan. He just left the US to move to China after raising concerns about rising anti-immigrant sentiment, like the kind shown here. donmoynihan.substack.com/p/china-than...

(gift link!) www.bloomberg.com/graphics/202...

Good day for noting that big currency sell-offs in Brazil (like today) also tend to make global coffee and sugar cheaper. Big falls in the real give farmers more incentives to earn dollars from exports and increasing global supply. Arabica coffee futures are off over 3% today.

"EM MSCI now accounts for 20.2% of the All Country World MSCI’s forward earnings. That’s more than Europe’s 15.0%. It’s the first time that EM has overtaken Europe since the data began in 1995." -Yardeni

Now that I’ve seen Lula-Bolsonaro Bluesky, I’m kind of curious to see Mélenchon-Le Pen Bluesky (not really).

👀

Heh

Great election speech, sir.

When you partied too hard the night before.

EM Credit analyst skillset becoming more valuable by the day.

“What does it mean for FinReg?”, probably.

Bond yields: hated on the way up, hated on the way down.

That’s exactly what a nuclear-powered Terminator would say 👀

Between that or “AI singularity”, it’s hard to tell SpaceX and Tesla are merging 🤪

13/ These new details are likely to raise more questions about whether the unorthodox marriage of the U.S. and a foreign energy baron can bring lasting benefits to either country — and which private parties might benefit along the way. www.propublica.org/article/trum...

Claude, solve this semantic debate and accurately classify all booms, bubbles, manias, and other related economic events throughout all of written history. Make no mistakes

some markets are still efficient, eMudhra stock is limit down in Mumbai

The author: “Leave it to the local regulators!” Meanwhile, the local regulators:

Oh I know them useful idiots.

Brb, reading up on convertible valuation changes through profit or loss…

Impressive, very nice… now let’s look at OECD peer data:

“Say the line, Bart” 🎣

“Our petrodollars, your problem.”

Napoleon "fixed" France by leaving it a country so beaten and broken it was forced to accept back the same royal family it had deposed and guillotined two decades earlier.

On escalators, I’ve been Hong-Kong-pilled and the only correct stance is for everyone to stand side by side on the escalators instead of creating a slow & fast lane with a queue at the bottom. Also an unenforceable policy (in the West). This is a game theory problem.

If there’s something I know about Parisians, it’s that they aren’t really the type to take part in a good riot.

I’ve seen it too and I really don’t get it… Might as well add Easter and keep it all year round in a “seasonal celebrations” aisle at this point 🤷🏻‍♂️

Shame, they wouldn’t even have to change the English name. www.ft.com/content/1bd1...

The Tesla roadster isn’t late by 6 years, you see, it’s just suffering from design creep as it slowly turns into a fighter jet, which requires much longer development time…

It’s so over 💀

Economist Cover Curse strikes again:

By a weird coincidence this just came out, as scheduled for the past weeks. I managed to squeeze a mention to Perry’s passing and a dedication at the end of the acknowledgment note in the cover page right before it was scheduled to come out. A tiny homage. www.bis.org/publications...

“We are not owned by Donald Trump!”, the Nine repeated, as they slowly turned into wraith-like Nazgûls.

William H. Hays • Mountain Melody •

Not sure how it has taken me this long to realise the pleasing circularity that Canary Wharf is now the heart of the Isle of Dogs and is named after the Canary Islands, whose name derives from the Latin for Isles of Dogs.

72 sleeps until Christmas 🎅🏻 🎄

Scamming bot or AI agent? The bank of the future will need to be able to differentiate them. 🤖

Hmmm…

Last time Uganda's central bank did a "special" (some might call it emergency) meeting, there was a 100bp hike back in 2022.

One for our @kenveksler.bsky.social , ht @brokenbanker.bsky.social