Diego Segura
@diegosegura
designer, writer, founder. currently obsessed with monetary theory, high finance, corporate law, regretting dropping out of high school, and sudoku. author of a 2018 book, “the dropout manifesto.”
diegosegura.meDiego Segura
War & Profit
puck.news
wildly interesting boom economy in Russia right now despite all of the sanctions imposed by the west
“But as usual, in Moscow, things looked very different. ‘They are even richer,’ a friend in Moscow texted when I asked him how the residents of the chic Patriarch Ponds neighborhood are living through these uncertain times. ‘It is amazing. Never seen so many Lambos and Rolls as last year.’ What about the ruble crisis, I asked? “Don’t care,” he texted. ‘They live in Russia, taking salaries in rubles and spend their money in Russia.’
A friend of his is an interior designer who has been freed by the war of competition. Her problem, she now says, is being able to finish all the jobs that have fallen in her lap, not getting new customers. Another friend, who works for a Russian oligarch, told my friend, ‘You have no idea how much money there is in Russia right now.’ Said ‘Only a fool wouldn’t be able to earn money right now.’”
apparently if you're remotely good at making money, you're making a *fuck ton* of money in Russia right now, and so long as you're transacting solely in Rubles, it doesn't really matter that the currency is collapsing
long term, however, it's gotta mean terrible things for their economy and the Ruble being weak can't be good for long
apparently there is tons of money flowing to the poorest regions of Russia for signing bonuses for soldiers, and they're even helping soldiers out with their mortgages as a way to encourage them to join the fight
in essence, there's a massive wealth redistribution going on in Russia, and it's all just coming from the country's budget and (as would make Keynes proud), trickling down throughout the entire country
which, if you think about the goals of the sanctions, is not in the West's favor, at least in the short-term
the point of the sanctions ideally would have been to create a slowdown in Russia that caused the public to lose support for the war, but if the economy is booming.......don't count on it
I don’t believe I forwarded her any applications, because from what I remember we got, like, two. But I never forgot that email. Emily was so successful in her early years of entrepreneurship because she wasn’t afraid to ask —whether she was wrangling a celebrity for Into the Gloss’s most popular feature, Top Shelf, or convincing advertisers like... See more
After the Gloss: What’s Next for Emily Weiss
One YouTube-generated video is for a song by Hindutva singer Ved Prakash Shukla titled: “Jab Tak Hindu Rakt Hai Yogi Ji Har Bar Ayenge”, which translates to “Yogi will come to power till Hindu blood runs in our veins”. In the song, Shukla chants in Hindi: “We will write Jai Shri Ram with streams of blood”, invoking the Hindu deity Ram. In the 20th... See more
Pooja Chaudhuri • YouTube is Autogenerating Videos for Songs Advocating the Expulsion of Muslims from India - bellingcat
This so-called “abiotic” hypothesis of oil was first developed by Russian scientists decades before Gold’s formulated his version, something he later learned of and took great pains to disclose.
Doomberg • The Other Strategic Reserve
'DICHOTOMY' Chain Cape Jacket
pritchlondon.com
what does an even more reductive version of this look like with even more defined form, a single sheet
Chubb specializes in XoL (excess of loss) trade credit insurance, which means that the insured company agrees in the policy to take a significant loss before “coverage” kicks in.
This is different than ground-up insurers like Atradius, Allianz, and Coface, who will insure entire losses (also known as “ground-up”.)
Mayo said he’s been talking to the Financial Accounting Standards Board and “they aren’t going to change 40 years of rules right now. So the reality is they don’t have to sell.”
The BofA $136B Dynamite Stick
40 years sounds like a long time but it's basically the length of the now-previous bond market, which i would represent as only one cycle of bond-bullishness
Sensible Weather
sensibleweather.com
None of them. No Birkins, no SoHo loft, no drivers. I still meal prep every week. I still bring my own lunch. I take the train. Sometimes when I'm really stressed, I indulge myself and take a cab with UNI.