eigerjoch
eigerjoch.bsky.social
eigerjoch
@eigerjoch.bsky.social
mostly economist articles, photos of mountains and American politics
Reposted by eigerjoch
Crypto fun: if you'd bought a load of ethereum, supposedly the future of crypto, in 2018 when it was still pretty new it has returned less than if you had bought S&P500. If you bought in 2021 during the last boom you'd be *down*, versus a 2x gain in the S&P 500 total return
November 18, 2025 at 6:31 PM
Reposted by eigerjoch
Good on @edwardluce.bsky.social for pointing out that the BBC's Trump documentary edit was bad but in support of a point that is still absolutely true. Donald Trump *did* encourage his supporters to march on the capitol building on.ft.com/47LX3fE via @FT
November 18, 2025 at 6:01 PM
on.ft.com/48iYwdw Microsoft and Nvidia to invest up to $15bn in OpenAI rival Anthropic

Who will . Invest in Microsoft.
Omfg beanie babies was less dumb as bubbles go, at least people got toys out of it
Microsoft and Nvidia to invest up to $15bn in OpenAI rival Anthropic
AI start-up commits to buying $30bn in computing capacity from Microsoft in data centres powered by Nvidia chips
on.ft.com
November 18, 2025 at 5:40 PM
on.ft.com/4rdV3of US tech stocks sell off as traders fret over ‘frothy’ AI valuations

The other week I looked at the allocation of an American index tracker I’ve money in, saw the % for Invidia thought nope nope nope and moved some of it to Europe. Not enough mind, I fear.
US tech stocks sell off as traders fret over ‘frothy’ AI valuations
Nasdaq sinks as heavyweights, including Nvidia and Microsoft, sustain steep falls
on.ft.com
November 18, 2025 at 4:38 PM
Reposted by eigerjoch
Here's a classic one. Anthropic is going to spend $30 billion on Azure.

And with the deal, both Microsoft and Nvidia are both investing in Anthropic
November 18, 2025 at 3:05 PM
Reposted by eigerjoch
'Waterloo Sunset' by Martin Grover
martingrover.com
------
🎵 'Waterloo Sunset' by The Kinks
youtu.be/N_MqfF0WBsU?...
November 18, 2025 at 3:42 PM
Reposted by eigerjoch
Some people really could use less self-confidence.
November 18, 2025 at 1:55 PM
Reposted by eigerjoch
November 18, 2025 at 5:12 AM
Reposted by eigerjoch
Oracle’s astonishing $300bn OpenAI deal is now valued at minus $74bn - such a great @alphaville.ft.com post from @bryce.lol. Oracle has, in effect, become OpenAI’s US public market proxy. www.ft.com/content/064b...
November 18, 2025 at 9:33 AM
www.penguinrandomhouse.com/books/753001...
This is a great read by @birdyword.bsky.social . Makes the case that land is an entirely unique asset class and needs to be treated as such, else tremendous damage can be caused.
The Land Trap by Mike Bird: 9780593719718 | PenguinRandomHouse.com: Books
How the world’s oldest asset secretly shapes our modern economy In The Land Trap, Mike Bird—Wall Street editor at The Economist—reveals how this ancient asset still exerts outsize influence...
www.penguinrandomhouse.com
November 17, 2025 at 11:27 PM
www.theatlantic.com/culture/2025...
‘Dumb bubbles that are nonetheless less dumb than the IP-stealing-code-that-produces-blithering-nonsense and erodes brain cells bubble’
The Matcha Problem
First came the viral videos. Then came the shortages.
www.theatlantic.com
November 17, 2025 at 10:31 PM
Reposted by eigerjoch
79-year-old Paul Bojerski was born to Polish parents in a WWII German refugee camp. His family legally emigrated to the U.S. when he was 5.

He’s been taken by ICE in Florida.

www.orlandosentinel.com/2025/11/16/s...
Sanford grandfather, born in refugee camp, nabbed by ICE after 70 years in U.S.
Paul Bojerski never gained official residency, but he checked in regularly with ICE for years. Then in July, at age 79, he was detained and sent to Alligator Alcatraz.
www.orlandosentinel.com
November 17, 2025 at 2:18 PM
Leaving aside the moral offensiveness of this, if he’s so desperate to stop a product American consumers want to buy entering the country, legalising it and whacking tariffs on would be far more effective
Trump: “Would I launch strikes on Mexico to stop drugs? It's ok with me.”
November 17, 2025 at 9:02 PM
Reading @birdyword.bsky.social ‘s book about land, and think am becoming convert to idea of single tax on same (but am only halfway thro :)
November 17, 2025 at 7:47 PM
economist.com/business/202...
“Most large companies are quietly cheering for the handful of small firms fighting the government in the Supreme Court over Mr Trump’s use of emergency powers to enact his sweeping tariffs. Yet none has submitted a formal brief”
Shut up, or suck up? How CEOs are dealing with Donald Trump
Chief executives are learning to live with a unique commander-in-chief
economist.com
November 17, 2025 at 6:48 PM
Beware the scorching gold rally
economist.com/finance-and-...
“What may have started, months ago, as a limited push for more gold in central banks’ reserves thus seems to have snowballed into a self-propelled mass of hot money chasing prices higher.”
Beware the scorching gold rally
Only one explanation for the surge makes sense. It will not reassure investors
economist.com
November 17, 2025 at 4:46 PM
on.ft.com/4805t1T ‘I’m nervous’: Klarna founder challenges trillion-dollar spending on AI

Man whose money comes from ‘encourage people to get into debt for things they absolutely shouldn’t get into debt for’ vs LLM-bros. Iran Iraq war situation
‘I’m nervous’: Klarna founder challenges trillion-dollar spending on AI
OpenAI backer Sebastian Siemiatkowski says tech industry is committing too much money to huge computing infrastructure
on.ft.com
November 17, 2025 at 4:20 PM
Reposted by eigerjoch
Crypto is for crime, and really nothing else at all - latest edition: www.nytimes.com/2025/11/17/t...
How Fraudsters Use Cryptocurrency A.T.M.s to Target Victims
www.nytimes.com
November 17, 2025 at 1:15 PM
Reposted by eigerjoch
If someone has travelled thousands of miles, paying everything they own to an exploitative people smuggling gang, risking their life in a deadly channel crossing, I do not want to be the person who takes their last valuables – a mother’s necklace? A gift? – from them. And nor should the rest of us.
November 17, 2025 at 8:52 AM
www.theatlantic.com/technology/2...
Um…. just book with the hotel’s website and pay them a bit more money for the flexibility. Unless it’s a small place or in an out of the way locale, where for obv reasons they don’t always offer it.
Why Hotel-Room Cancellations Disappeared
The age of travel flexibility is over.
www.theatlantic.com
November 17, 2025 at 12:25 AM
Sigh. As a reader of fantasy novels I would really like to be able to browse them (in person and kindle) and not have to trawl though endless books that either belong in the mills and boon section or have the word ‘*osy’ anywhere in the promo. It must drive serious fantasy writers up the wall
November 16, 2025 at 10:04 PM
www.panmacmillan.com/authors/scot...
Just finished this, recommend v much. The CIA officers featured come out of it far better than the administrations they were serving.
The Quiet Americans by Scott Anderson
Find out more about The Quiet Americans by Scott Anderson
www.panmacmillan.com
November 16, 2025 at 9:33 PM
Reposted by eigerjoch
Quoting your interactions with AI is the lowest form of journalism. You might as well write about your dreams. It takes little work and is almost never interesting to anyone else.
November 16, 2025 at 8:07 PM
Reading Scott Anderson’s book on the CIA during the Cold War, and I hadn’t previously appreciated how idiotic a lot of the ‘let’s send some poor sods behind the curtain to incite rebellion’ was. And people involved *knew* it was, after not long. Yet on it went because well, must DoThings
November 16, 2025 at 7:54 PM