Nofud

Updated map: @bloomberg.com

In the face of all the Grand Juries refusing to indict Trump's political enemies, I can't help but recall Justice Sotomayor's argument against Trump immunity in 2024; that we already have protections against rogue prosecutors, including The Grand Jury.

Here's my pitch to create more jobs in America - switch to the metric system. Somebody is gonna have to install all the new road signs. https://newsletter.platypuseconomics.com/p/why-wont-america-go-metric

Much easier for the media to lock in on faux Cheesecake Factory outrage than a House Dem report indicating Todd Blanche basically told Ghislaine Maxwell "stop talking" when she was about to discuss a girl that could more closely tie Trump to Epstein

I bought a Brazil ETF yesterday morning and it's already up 11%. If panicky right-wing Brazilian investors are giving you free money, you should take it! It's frankly obvious that the Brazilian market is not 30% softer than it was on Friday.

Some context around this, from a markets person. Historically in LatAm, leftist victories have led to sharp losses over the ~3 months after an election where the left wins. Stocks also typically underperformed into those victories. But 3y post-election, returns for leftists have been *higher*.

the irony is that Sharia law isn't as harsh to women's health freedom as some of the laws TX has passed under Abbott's leadership.

“My Catholic Latina opponent wants to impose Sharia Law” is a hilariously desperate closing message. thehill.com/homenews/617...

‘The truth, which Anthropic didn’t want to emphasize in the S-1, is that Q2, right at the height of tokenmaxxing was fantastic, but Q3, post tokenmaxxing and after the rise of low cost alterntive models, represented a slowing of their growth.’ garymarcus.substack.com/p/what-anthr...

I spent 42 years teaching myself how to fake being neurotypical and now it feels like no one else is even bothering and I don't know how to function anymore.

Rewrite every headline about an AI doing something illegal as the owners of the AI doing something illegal. Strict liability could end this madness.

Was literally reading this weekend about how unscrupulous dog owners are held liable when their sentient, actual living creatures with independent minds attack other dogs or humans. Seems like AI should follow those precedents.

You will never ever ever get any investors if your pitch is "we're going to bring more women into this currently male dominated segment by making a version of the product that is more advanced and higher quality". They cannot conceive of marketing to women as anything but going the other direction

In case anyone thought Israel's preference for far-right authoritarian leaders like Orban, Bolsonaro, Modi and Milei would end if Netanyahu gets voted out, think again. It's baked in now for a variety of reasons. The only illiberal authoritarian they don't like is Erdogan.

Tough chart: Home prices, mortgage payments and incomes since 2020 — all indexed to zero. (via JBREC)

FEDWATCH: “.. The filing's key message appears to be that Anthropic is no longer a consumer chatbot story. Roughly three-quarters to four-fifths of revenue comes from enterprise and API usage, making it fundamentally an AI infrastructure/software platform.” $ANT

I think a lot of people equate “tanks/ships/aircraft will take casualties in a peer war” with “tanks/ships/aircraft are useless now”. Aircraft carriers were decisive in WW2 in the Pacific, but remind me how many of them were sunk in the process. Both can be true at the same time.

thinking about how i wasted all this money on clothes when i could have invested this money in an index fund and eventually bought a senator like elon musk

Stevens “says she’s encouraged Abdul El-Sayed to give a speech addressing Black voters’ concerns and “that didn't happen.”” on the day after he held an event with Obama on just that topic. I mean, who needs Republicans when you have people like her

If you’re thinking of buying an Audi, don’t forget that an Audi executive appeared at a Trump rally this weekend to try to boost an American dictatorship. Make your car-buying decision accordingly.

He has outed himself

My latest debunks 3 myths re US manufacturing jobs: 1) they're all good paying; 2) they're all attainable by anyone w/ a HS degree; & 3) Americans are dying to work them. These myths fuel a lot of bad policy (eg tariffs); pols should stop spreading them www.bloomberg.com/opinion/arti... (🎁 )

I'm old enough to remember when Jared Kushner thought it was a good idea to use the Russian embassy to conduct secure communications during an American presidential transition

Russia requires a security guarantee that Ukraine will not defend itself the next time we attack it.

FEDWATCH: “.. the ‘weighted average cost of capital,’ .. has jumped to more than 15 percent for neoclouds, Hyperscalers, .. in a synchronized move. .. .. investors are realizing that ‘monetization’ could be challenged by the cost of capital, which is now breaking away from .. Treasury yields.”

S&P: “.. The impact on food will likely become much more apparent over the next few months as farmers wrestle with high costs and with shortages of fertilizer and diesel. Consumers are likely to struggle with higher prices, and governments face social unrest ..” www.spglobal.com/en/research-...

Inspector Hegseth

No, the US President using his office to make billions for himself does not prove what a great businessman he is.

An important announcement from Washington Oblast. Thank you for your attention in this matter!

US embassy staff and families ordered to leave Saudi Arabia, with families of embassy staff in the United Arab Emirates, Jordan, Qatar and Bahrain also ordered to leave, diplomatic source tells AFP

Dude doesn’t get that evangelical Christians believe that if your beliefs don’t map 1-to-1 to theirs in even the most superficial of ways, that you are a puppet of the devil and doomed to burn in agonizing hellfire for all of eternity. You’re not gonna kumbaya your way out of that on their terms.

hi we put your executive function tools behind an executive function obstacle course! good luck

The TeX Live Utility release notes are still undefeated.

holy smokes, conan strikes up a chat with a random lady on the subway and she immediately starts riffing on his level, no problem.

The video of him stopping to wave and salute people who aren't there strikes me because the cameraman did it. He pulled back to show it. Six months ago he'd lose his job. In general you are getting more people who want to expose him as weak. There are different reasons for this.

Getting so much news coverage of political candidates in states where I don't even live, but I can't name a single Republican policy that would improve someone's life. It's all about someone's religion, mom, or supposed vegan diet.

the routine, pay for play pardons are all by themselves one of the worst corruption scandals in american history!

Just a reminder that $9bn of notional in CDS is...paltry. Here are outstanding LT debt balances for those names ORCL $156.1bn SPCX $22bn GOOGL $59.3bn AMZN $153bn META $82.6bn AVGO $63.2bn NVDA $10bn Total $546.1bn So weekly notional is 1.7% of outstanding debt.

JD Vance on the economy: "You don't turn the Titanic around overnight"

METLIFE: “.. Consumers are making hard choices. .. The share of consumers late on payments jumped to almost 20% in 2025, a level last surpassed in 2009.” [Matus]

saw someone compare mamdani to goku and el-sayed to vegeta and that seems right to me

It is disturbing how much political rhetoric in Taiwan is now “we have to cut our own deal to submit to Beijing before Trump sells us to China.”

we need you to rename rent to $500/ month and gas to $2/ gallon

UNITED CEO Scott Kirby: “.. Wealth inequality has become a danger to our society, .. We should have a national wealth tax ..” @nytimes.com $UAL www.nytimes.com/2026/10/18/b...

Washington has discovered a brilliant financial strategy. Cut benefits for people who need them, cut taxes for people who don't, and borrow the difference from people who aren't old enough to vote.

PIPER’s KANTROWITZ: “.. one of the most important changes in recent years! Here is the long term chart i've been using for past few years to highlight how we're in a new regime where higher rates remains a top risk for stocks. I think we're stuck in the red for a loooooong time.”

29. As a consequence of trade barriers, US solar module buyers are now paying more than 38 US cents per Watt, for generally worse products than free trade markets are getting for 12 US cents per Watt.

FEDWATCH, on helium scarcity: “.. The result is fewer GPUs, longer delivery times, delayed data‑center buildouts, and higher compute costs—and with markets already bracing for an AI capex slowdown from rising borrowing costs, they’re now also pricing in a helium shortage that’s turning structural.”