Two intense weeks of learning about spatial econometrics have come to an end. Thanks to all the participants for stimulating discussions and sharing your projects, to @muzhou-zhang.bsky.social for brilliantly teaching the second week, and to @essexsummerschool.bsky.social for another top production!

This is the signal I have been waiting for. If US treasuries are not a safe haven anymore, we might be witnessing the end of the USD as global reserve currency. Implications for global financial architecture and short-term stability would be massive.