Academic bit.ly/3Wbw8lc & bit.ly/3v1Z17p. Research in financial markets & VUCA. If you are managing risk, you are mismanaging reality. 8,9,58

Joined July 2009
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Few want to pay a tax for the services that few actually use so the only way revenue is still flowing through the TV License is: inertia & a threat of enforcement. End of story. @RTE have lost the majority of its willing customers. And became a coercive mechanism of the State.
'Marked increase in evasion' as TV licence revenue continues to decline irishexaminer.com/news/arid-…
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None of this registers in unemployment stats the public hears, because none of these folks are IN the labor force.
Americans can't find jobs. The number of Americans not in the labor force who currently want a job rose 76,000 in May, to 6.2 million, the 3rd-highest since July 2021. These are people who are not officially part of the labor force, meaning they are not actively looking for work, but say they want a job. This marks the 4th consecutive monthly increase, totaling 349,000. Since March 2023, this figure has surged by 1.2 million people and is now above 2008 Financial Crisis levels. As a % of total employment, this metric is up to 3.8%, the 2nd-highest since October 2021. By comparison, the 2001 recession and the 2008 peaks were 3.6% and 4.3%. Labor market conditions are deteriorating beneath the surface.
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But the good news is, we have paid gladiators entertaining us from the White House lawn with their views on the ... womanhood ... of the former first lady. What can possibly go wrong?
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Constantin Gurdgiev retweeted
“Michelle Obama is a man” shouted on the White House lawn in a ring sponsored by Bud Light only available on Larry Ellison’s Paramount Plus. What a way to celebrate America 250 and the twilight of liberal democracy.

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Don't care for Mamdanis's politics and policies, but this is stupid to the point of being moronic.
Reminder: Zohran and his family keep an extra luxury home in Uganda in a neighborhood surrounded by armed security because everyone else is so poor.
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Constantin Gurdgiev retweeted
The US job market is showing further signs of weakness: Only 9% of small business owners said in May that they plan to hire over the next 3 months, the lowest since May 2020. Excluding the 2020 pandemic, this is the lowest reading in 10 years. Small business hiring plans have trended lower over the last 6 months. Historically, this has been a leading indicator for nonfarm private payrolls by roughly 4 months. This comes as small firms account for ~46% of all US private sector employment and suggests that private payroll growth could turn negative as early as Q3. Hiring demand among small firms is weakening.
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So many have voted for this.
U.S. dollar has lost about 30% of its purchasing power over the past six years, according to the NYT.
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We get to escape it in the end. By moving to MarsX.
OOPS! Margin debt as a % of M2 is now at its 2nd highest level in history, just behind the Dot Com Bubble. blog.syzgroup.com/syz-the-mo…
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Anyone suggesting there is one, single, economic cure-all is a complete and certifiable moron. Economy & society are complex, inter-connected systems not usually governed by one 'law' or 'factor'.
After pushing immigration as an economic cure-all, the West is now questioning its benefits. Switzerland is at the vanguard. on.wsj.com/4445Ab3
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Constantin Gurdgiev retweeted
After pushing immigration as an economic cure-all, the West is now questioning its benefits. Switzerland is at the vanguard. on.wsj.com/4445Ab3
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U.S. crude & petroleum exports spike to an all-time record of nearly 12.9M bpd has been driven in part by massive drawdowns from the Strategic Petroleum Reserve (SPR). Data shows that ~1/2 of the crude released from the SPR in recent months was exported rather than refined
🚨JUST IN: It was just reported that the USA is NOW the #1 OIL EXPORTER in the world thanks to President Trump! We're also #1 in oil AND gas production, crushing Saudi Arabia and Russia. Leftists and doomers are stunned!🔥
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Oil rigs count is up, but remains well below prior averages:
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Crude Nat Gas rigs counts are flat, at low levels: eia.gov/dnav/ng/hist/e_ertrr… And so on. Lots of hype about exporting. Little to show in terms of actual, tangible supply.

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"It's literally the gulag... You have zero purpose in life all of a sudden..." 1. Gulag with 250K a year pay, for 2. Doing work which has a meaning of addicting people to useless crap & wasting of their lives. Got it. Tough life, @Meta.
META IS AN ABSOLUTE MESS INSIDE RIGHT NOW Wired just dropped an exclusive, and the details are wild. This week someone interrupted a livestreamed Meta meeting, open to thousands of employees, with an expletive-filled rant about "being the company's bitch." They told the presenters to find a specific Meta AI executive and "tell him that he's a piece of shit." A presenter covered their face with their hands. Employees in the chat called the start "spicy." Here is what's behind it. Meta's AI restructuring cut 8,000 jobs last month, 10% of the company. The same restructuring feeds a unit called Applied AI, where 6,500 engineers and product managers have been drafted in waves since April. There is no application process. You get selected, and your options are join or leave the company. Members call themselves "draftees." The new job: writing puzzles and coding problems to train Meta's AI models, two tasks a week. People hired to build apps for billions of users now assemble training data for hundreds of AI scientists. "It's literally the gulag," one employee told WIRED. "You have zero purpose in life all of a sudden, you barely interact with anyone, you just have these tasks every week." Another: "Most people find the work soul-crushing." At the same time, Meta started recording US employees' clicks and keystrokes to generate more AI training data. Over 1,600 employees signed a petition demanding it stop. The concession: employees can pause the tracking for up to 30 minutes. Zuckerberg's response came in an internal memo Friday: "We've made mistakes and will almost certainly make more." He repeated his promise of no more mass layoffs this year. His fixes: limits on the manager ratios Meta had deliberately pushed to 50-to-1 on some teams, bigger budgets for team events, a hackathon next month, and assigned desks by the end of the year. That same memo says Meta's north star is "to be the best place for the most talented people in the world to make an impact." The most talented people in the world are writing puzzles for a model and asking permission to pause the keystroke logger. META declined to comment.
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Interesting that the order includes non-nationals residing in the US too.
The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Claude models is not affected. We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible. Read our full statement: anthropic.com/news/fable-myt…
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An absolutely botched account even for propaganda peddlers.
🚨 BREAKING: HISTORY IN THE MAKING 🚨 A MASSIVE US-IRAN DEAL is DONE. • Extended Ceasefire locked in • Strait of Hormuz REOPENED • Iran’s uranium enrichment CRUSHED TO ZERO in 60 days • NO frozen funds released until full compliance Trump just confirmed: Iran’s Supreme Leader has APPROVED the agreement. The world just dodged a full-scale war. MARKETS ARE EXPLODING: Dow surges 900 points. Oil crashes into the $80s. This is the biggest Middle East breakthrough in years. Are we actually witnessing PEACE? Or is this too good to be true? 👀 Drop your thoughts below 🔥 #IranDeal #Trump #BreakingNews #MiddleEast
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The comedy now writes itself. Without "AI". Without any "I", actually.
WATCH: CNN montage of Trump saying he's close to a deal with Iran. He's made the claim 39 times since the war began.
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Declare the war won, and algae defeated, then blame Biden.
I was told very specifically by thousands of people exactly a week ago that there would be no algae, and yet, algae remains. So what was the point of the $13M? 📸/🎥 via @KitMaherCNN
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