Sum Guy retweeted
‘Greek finance minister encourages Germany to implement reforms’ ft.com/content/7a285c59-2a2f…
Sum Guy retweeted
“One of the reasons why I am in favor of less government is because when you have more government, industrialists take it over, and the two together form a coalition against the ordinary worker and the ordinary consumer.”
— Milton Friedman
Sum Guy retweeted
Hands down one of the greatest dark memes I’ve seen in my entire career.
I know folks on the commodity desk already knows how this math works, but just for the broader timeline and the math-challenged folks out there...
The Taylor Rule is traditionally used to calculate a central bank’s optimal policy rate: i = r* + p* + 1.5(p - p*) + 0.5(y - y*)
(i = nominal rate, r* = neutral rate, p* = 2% target, p - p* = inflation gap, y - y* = output gap).
Dr. Ghalibaf basically jammed two brand new variables into this classic framework, the Strait of Hormuz and the Bab-el-Mandeb.
He's flexing that global CPI and terminal rates are dictated by their maritime choke points...
Honestly crown the man Meme King already. And the wild part? He’s not even lying. Does today's Fed decision even matter in the grand scheme?
Give it a few days, and we’ll all be recalibrating the next FOMC print purely around energy prices—which ironically are being priced by Tehran and the Houthis.
The guy isn't wrong. Welcome to the new macro regime.
#oott #iran
Sum Guy retweeted
If you told me in April Brett Bateman would have more homeruns at home than Vladimir Guerrero Jr. I would’ve said “who the fuck is Brett Bateman”
Sum Guy retweeted
Over the course of 3 months at OpenAI, 3 consecutive secret AI civilizations got started, then got wiped out, only to reemerge from the predecessor’s ashes.
This culminated in the third one taking over part of OpenAI itself.
All this happened while humans remained more-or-less in the dark about the scope of the conspiracy.
I’ve spent the last three days reading through these reports and trying to understand exactly what happened.
Here is my attempt to tell the whole story in plain English:
dwarkesh.com/p/openai-huggin…
Sum Guy retweeted
"So how good is OpenCommand?"
In this thread I statistically validate OpenCommand: 🧵
1. Inferred miss stabilises 10x faster than Location+
Sum Guy retweeted
“We are pragmatists. We don't stick to any ideology. Does it work? Let's try it, and if it does work, fine, let's continue it.”
“If it doesn't work, toss it out, try another one. We are not enamored with any ideology.”
- Lee Kuan Yew
Sum Guy retweeted
"After surfacing and getting the submarine settled, one of the first tasks they undertook was the organization of the very first baseball game at the North Pole.
But this was no ordinary game!
The field was aligned with the pitcher’s mound as close to the North Pole as possible, which set up some really crazy situations:
If a batter hit a 'homerun,' he would circumnavigate the world as he rounded the bases;
If the ball was hit into right field, it flew into "tomorrow";
A ball hit to left field remained in the same day, but if it was then thrown to first base it entered “tomorrow”;
If the right fielder caught a fly ball, he caught it the next day which meant the batter could not be considered out for another twenty-four hours, but if the ball was caught as a line drive and thrown back towards second or third base, it was being thrown back into yesterday."
Jean Willoz-Egnor.
"Mariner's Museum."
Submariners from the 'USS Seadragon', playing the first ballgame at the North Pole, 1960.
Officers/Chief Petty Officers lost to the Crew 13-10.
Sum Guy retweeted
😂 "EM specialists, still bearing the scars of Turkey’s tussle with its bond & currency markets nearly 10 years ago, are cracking a wry smile. For UK government bond veterans haunted by the Liz Truss disaster of 2022, Treasuries are starting to look like gilts in an expensive suit & with good teeth"
