Indeed, after 1979, this has been the best year for gold. Interestingly, gold also delivered strong gains in 1980 — though most of that move was concentrated early in the year. (1/n)

Time to retire the "low hire-low fire" label of the labor market. It's "low hire." That's a problem even without layoffs spiking.

‘Commodities and EM stocks are breaking out of their previous long-term ranges, in a sign investors are increasingly seeking to diversify away from US large-caps, which are single-handedly being driven higher by AI mania.’ blinks.bloomberg.com/news/stories...

The long-anticipated move, criticised by the US and Israel, will see the three Commonwealth countries join France and several others in formally recognising a Palestinian state at the UN General Assembly this week. www.ft.com/content/36dd...

"The shape of the financial system has shifted from where it was in the Great Financial Crisis, from a bank-centric hub-and-spoke system with the banks in the middle and everyone else around the periphery to more of a web, with private credit more central in that web." - @markzandi.bsky.social

I wanted to get a video of this ghost crab but every time I got close to their hole they scuttled back in, so I tried getting clever with it. I made a little sandcastle and shoved my phone into it, hit record, and walked away. Crab was VERY suspicious of this addition to their environment.

Trump promised that tariffs would lead to a big increase in US production at the expense of imports, and at the same time generate enormous tax revenues. Critics replied that it had to be one or the other. So far, revenues are the clear winner. w/ @theboysmithy.ft.com @robarmstrong.bsky.social

Neanderthals may have used river corridors to travel over 3,000 km from Europe to Siberia in 2,000 years, driven by climate cycles. Simulations show routes often followed ancient rivers.
⚒️🧪
#Neanderthals
#HumanOrigins
#PaleoMigration
#Anthropology

Paper
journals.plos.org/plosone/arti...

In the past five years, rocket launches have more than doubled to 258 in 2024, globally. A new study by Laura Revell and @astrokiwi.bsky.social shows that a 10-fold increase would start damaging the ozone layer theconversation.com/a-10-fold-in...

In the last two days I have received two e-mails from young students asking me to evaluate their personal physics theories that they wrote with ChatGPT.