Interest rates are the key driver of household expenses, but are not captured in prevailing measures of inflation
December 19, 2024 at 8:49 PM
Interest rates are the key driver of household expenses, but are not captured in prevailing measures of inflation
good article. i hope blue sky encourages conservative voices, together with authentic, constructive political debate.
www.politico.com/news/magazin...
www.politico.com/news/magazin...
I Was Canceled by Bluesky. And I Still Don’t Know Why.
The liberal alternative to Elon Musk’s X platform reinstated me but never explained what my original offense was. That’s a bad message.
www.politico.com
December 14, 2024 at 1:45 AM
good article. i hope blue sky encourages conservative voices, together with authentic, constructive political debate.
www.politico.com/news/magazin...
www.politico.com/news/magazin...
Reposted by Michael Dorrell
Every prez promises to cut waste/fraud/abuse, but it hasn't been a top 5 priority since Reagan's first term. Even then, effort mostly failed as Congress was reluctant to make cuts on popular programs or constituents. The lobbying industry has perfected how to kill these ideas.
December 8, 2024 at 11:08 PM
Every prez promises to cut waste/fraud/abuse, but it hasn't been a top 5 priority since Reagan's first term. Even then, effort mostly failed as Congress was reluctant to make cuts on popular programs or constituents. The lobbying industry has perfected how to kill these ideas.
Sometimes easy to lose sight of the incredible progress of humanity these past 200 years
December 9, 2024 at 1:57 AM
Sometimes easy to lose sight of the incredible progress of humanity these past 200 years
The rents paid to hyperscaler data centers have taken off, as power for new cloud/AI deployments becomes a scarce commodity!
December 8, 2024 at 3:03 PM
The rents paid to hyperscaler data centers have taken off, as power for new cloud/AI deployments becomes a scarce commodity!
Reposted by Michael Dorrell
I’ve been highly critical of the American healthcare system but have zero animosity towards any individual within it who follows the law. Rules and incentives determine outcomes, not individuals. Violence against execs for acting withing the system is horrific and never justified.
December 7, 2024 at 3:19 PM
I’ve been highly critical of the American healthcare system but have zero animosity towards any individual within it who follows the law. Rules and incentives determine outcomes, not individuals. Violence against execs for acting withing the system is horrific and never justified.
The development yields for US hyperscaler data centers have boomed this past 12 months, largely due to a shortage of available power. Any data center provider with spare capacity & available power has been able to name their price... (dev yield = NOI/build cost)
December 5, 2024 at 9:30 PM
The development yields for US hyperscaler data centers have boomed this past 12 months, largely due to a shortage of available power. Any data center provider with spare capacity & available power has been able to name their price... (dev yield = NOI/build cost)
Reposted by Michael Dorrell
A small percentage of users generate the majority of content, and their posts tend to be extreme, polarizing, or highly emotional.
Yet the majority of people who ‘lurk’ on the internet either do not post or post moderate opinions far more infrequently jayvanbavellab.substack.com/p/how-social...
Yet the majority of people who ‘lurk’ on the internet either do not post or post moderate opinions far more infrequently jayvanbavellab.substack.com/p/how-social...
How Social Media Warps Your Reality
What you see online isn't necessarily representative of the real world
jayvanbavellab.substack.com
December 4, 2024 at 5:02 PM
A small percentage of users generate the majority of content, and their posts tend to be extreme, polarizing, or highly emotional.
Yet the majority of people who ‘lurk’ on the internet either do not post or post moderate opinions far more infrequently jayvanbavellab.substack.com/p/how-social...
Yet the majority of people who ‘lurk’ on the internet either do not post or post moderate opinions far more infrequently jayvanbavellab.substack.com/p/how-social...
Reposted by Michael Dorrell
Sometimes, the most important news is when something isn’t happening.
In my new @OurWorldInData article, I highlight that US airlines have transported passengers for more than two light-years since the last plane crash.
ourworldindata.org/us-airline-t...
In my new @OurWorldInData article, I highlight that US airlines have transported passengers for more than two light-years since the last plane crash.
ourworldindata.org/us-airline-t...
US airlines have transported passengers for more than two light-years since the last plane crash
Sometimes, the most important news is when something isn’t happening.
ourworldindata.org
December 3, 2024 at 3:37 PM
Sometimes, the most important news is when something isn’t happening.
In my new @OurWorldInData article, I highlight that US airlines have transported passengers for more than two light-years since the last plane crash.
ourworldindata.org/us-airline-t...
In my new @OurWorldInData article, I highlight that US airlines have transported passengers for more than two light-years since the last plane crash.
ourworldindata.org/us-airline-t...
Reposted by Michael Dorrell
in basically every country more health care spending means a longer average life expectancy. not the US though, we don't hold with that nonsense www.ft.com/content/a757...
December 4, 2024 at 4:52 PM
in basically every country more health care spending means a longer average life expectancy. not the US though, we don't hold with that nonsense www.ft.com/content/a757...
Hyperscaler data centers are receiving huge attention in light of massive build-out to serve AI. Because these are basically undifferentiated warehouses with access to power, historical return on capital has been lackluster - particularly in recent years as Google, MS, AWS negotiated lower rents.
December 4, 2024 at 2:46 PM
Hyperscaler data centers are receiving huge attention in light of massive build-out to serve AI. Because these are basically undifferentiated warehouses with access to power, historical return on capital has been lackluster - particularly in recent years as Google, MS, AWS negotiated lower rents.
Reposted by Michael Dorrell
On The Climate Brink: Stop emissions, stop warming: A climate reality check
This is a crucial point because it determines how much warming is already "locked in" and effectively unavoidable.
The answer is very little warming is locked in.
Also, this is our 100th post!
www.theclimatebrink....
This is a crucial point because it determines how much warming is already "locked in" and effectively unavoidable.
The answer is very little warming is locked in.
Also, this is our 100th post!
www.theclimatebrink....
Stop emissions, stop warming: A climate reality check
Why future warming isn't as "locked in" as you might think
www.theclimatebrink.com
December 2, 2024 at 3:45 PM
On The Climate Brink: Stop emissions, stop warming: A climate reality check
This is a crucial point because it determines how much warming is already "locked in" and effectively unavoidable.
The answer is very little warming is locked in.
Also, this is our 100th post!
www.theclimatebrink....
This is a crucial point because it determines how much warming is already "locked in" and effectively unavoidable.
The answer is very little warming is locked in.
Also, this is our 100th post!
www.theclimatebrink....
Reposted by Michael Dorrell
US shale oil production crossed 1 mil b/d in 2011. Since then, Saudi's market share has been on slow but steady decline, punctuated only briefly by steep price drops in 2015-6 and 2020.
Saudi can manage either price or market share. Today, it's losing control of both.
1/n
Saudi can manage either price or market share. Today, it's losing control of both.
1/n
December 3, 2024 at 6:56 PM
US shale oil production crossed 1 mil b/d in 2011. Since then, Saudi's market share has been on slow but steady decline, punctuated only briefly by steep price drops in 2015-6 and 2020.
Saudi can manage either price or market share. Today, it's losing control of both.
1/n
Saudi can manage either price or market share. Today, it's losing control of both.
1/n
Understanding this will take some study .. it shows an effect present in quite a number of yielding investments. LHS is a hypothetical investment - invest $100, returns $100 over 10 years. RHS is a listed company that does nothing except each year buys an additional one of these investments.
December 3, 2024 at 5:35 PM
Understanding this will take some study .. it shows an effect present in quite a number of yielding investments. LHS is a hypothetical investment - invest $100, returns $100 over 10 years. RHS is a listed company that does nothing except each year buys an additional one of these investments.
Green energy stocks have been a disaster. How could this possibly be the case given the huge energy transition underway? It's because underlying ROIC (return on invested capital) has often been far too low .. in many cases, low single digit %'s. ROIC (not growth) is what ultimately drives value.
December 3, 2024 at 12:32 AM
Green energy stocks have been a disaster. How could this possibly be the case given the huge energy transition underway? It's because underlying ROIC (return on invested capital) has often been far too low .. in many cases, low single digit %'s. ROIC (not growth) is what ultimately drives value.
Real assets - real estate, infrastructure, quality businesses - got a bonus 13% value increase thanks to high inflation. If those assets were leveraged with debt, as such investments typically are, then the value increase was correspondingly higher.
December 2, 2024 at 1:02 AM
Real assets - real estate, infrastructure, quality businesses - got a bonus 13% value increase thanks to high inflation. If those assets were leveraged with debt, as such investments typically are, then the value increase was correspondingly higher.
Echoes of the dot-com bubble? The "Magnificent-7" currently make up 30% of the S&P500. Nvidia is up 195% YTD. There is no doubt AI is the real deal. But so to was the nascent internet back in 2000-01, when the Nasdaq declined 80%! I'm too gutless to make a prediction, just noting..
November 30, 2024 at 4:38 PM
Echoes of the dot-com bubble? The "Magnificent-7" currently make up 30% of the S&P500. Nvidia is up 195% YTD. There is no doubt AI is the real deal. But so to was the nascent internet back in 2000-01, when the Nasdaq declined 80%! I'm too gutless to make a prediction, just noting..
Should current trends continue, by 2045 50% of US tax revenue will go to pay interest on Government debt. This will never be allowed to happen meaning current trends will not continue. What intervenes? Most likely inflation.
November 29, 2024 at 4:18 PM
Should current trends continue, by 2045 50% of US tax revenue will go to pay interest on Government debt. This will never be allowed to happen meaning current trends will not continue. What intervenes? Most likely inflation.
Fact: US trade deficit = foreign investment into US. Last year we sold and/or borrowed the dollar equivalent of 1.5% of all US listed stocks in order to consume imported goods. To put it simply - as a nation, we are mortgaging & selling the farm so that we can today live beyond our means.
November 28, 2024 at 5:46 PM
Fact: US trade deficit = foreign investment into US. Last year we sold and/or borrowed the dollar equivalent of 1.5% of all US listed stocks in order to consume imported goods. To put it simply - as a nation, we are mortgaging & selling the farm so that we can today live beyond our means.
This chart goes a long way to explaining why Trump has been so successful with union rank & file...(and indeed he may have a point)
November 27, 2024 at 5:15 PM
This chart goes a long way to explaining why Trump has been so successful with union rank & file...(and indeed he may have a point)
This is a truly great tutorial on AI. @michaelnielsen.bsky.social, any thoughts of writing an update?
neuralnetworksanddeeplearning.com
neuralnetworksanddeeplearning.com
Neural networks and deep learning
neuralnetworksanddeeplearning.com
November 27, 2024 at 4:24 PM
This is a truly great tutorial on AI. @michaelnielsen.bsky.social, any thoughts of writing an update?
neuralnetworksanddeeplearning.com
neuralnetworksanddeeplearning.com
the glass half full version... if Hansen is right, we already have found a way to halve the impact of global warming...
November 26, 2024 at 3:34 PM
the glass half full version... if Hansen is right, we already have found a way to halve the impact of global warming...
Carry on, nothing to see here...
November 25, 2024 at 6:46 PM
Carry on, nothing to see here...