At that scale, it’s everywhere, state pension systems, life insurance, our 401ks, etc are all invested in these private credit companies. They’re going to use this to demand bailouts.
I wonder if we could collectively push the funds to divest from closed book financial companies
One of the weird things about ceos, in USA at least, is that one of their roles is to be the fall guy for the board if things go badly. If they screw up badly enough, it’s expected that they’ll find it hard to be hired as CEO elsewhere, which they use to justify outsize compensation plans. I’m not sure AI would fulfill that role, nor the schmoozing aspects
It’s weird to feel yourself slipping away
I haven’t. Looking into therapy
Please throw 200 million behind Stevens!
That low? I’ve seen numbers over a million for Russian military casualties. No wonder they call the invaders “orcs”
He’s been detested for decades now, I’m sure there’s a cohort of greyhair tech workers that’ve been waiting a long time for his downfall. Hopefully he’s leveraged so badly that when the bill comes due, he’ll have to give that shit up and leave us alone.
Also led by the biggest ahole of the three
Oh, I was puzzling why they’d do something so cruel and unpopular - is trump rx really a thing? I thought it flopped
If that lead keeps up, it’ll be a really hopeful sign that the power of money is waning. I think her campaign spend is something like 10x his.
Paxton beat Cornyn while spending 1/4 as much too, for what that’s worth
I liked HoTS, but do admit it wasn’t a continuation of bkizzard’s winning streak
Dinner at French Laundry, and “no”
I think the state house passed the special election law, but didn’t change the constitution, which still says ‘appointment by governor’ - maybe for “state offices” though?
“broken window” economics as geopolitical ‘policy’
I’m sure glad that our money will go to more of these instead of food, healthcare, or shelter
Firstly, this is great news
But secondly, I can’t help but be reminded of Warhammer 40k where the emperor is kept alive by the sacrifice of thousands of lesser psykers…
A cynical view is that he does understand and is just shitposting and muddying the water around UBI
I did #2 except I didn’t exercise, I just sold it to someone else when the pice was up a bit on my small bet. I like to think that circuitously, Elon bought me a few lunches because screw that guy
Some folks like to gamble! More and more people are desperation gambling these days out of doomer mindsets that see 0dtes and kalshi bets as their way out of crushing poverty.
And here and there, it’s possible to look at pricing and conclude it’s pants-on-head bananas. Trading and therefore price action is dominated by algorithms which amplifies hype cycles. Who couldn’t see SpaceX as being overvalued? Other than the assholes at NASDAQ
That only matters if lenders a) don’t believe he can pay the loans back, and b) would not themselves be hurt by calling in loans. With how incestuous the Epstein class is, my cynical bet is that he gets away with far too much for far too long
Nuanced take! It does suck that Dems take so much of its base for granted, but it really is all hands on deck for November. If we lose, I don’t see liberal democracy surviving