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
It just makes me think, [the V.C.s] are bad at their job. It’s part of why Barbie is considered such an extreme thing, or a Taylor Swift concert. Men, and I mean largely white, cis men, think male culture is just culture. God forbid that they have to think about something that is not squarely targeted at them. That they can’t possibly try a... See more
After the Gloss: What’s Next for Emily Weiss
the first children’s climate trial took place in the U.S. when a group of 16 young people sued Montana for violating their constitutional rights, including rights to equal protection, dignity, liberty, health and safety, and public trust, all predicated on their right to “a clean and healthful environment” as enshrined in the state constitution.... See more
America’s Carbon Bill Is Coming Due
As one of the top automakers in the world, the company generates nearly $300 billion a year in revenue and invests $10 billion annually in research and development
Mike Monteiro: F*ck You, Pay Me
youtube.comthis should be the opening of a pitch
To understand Khaite, you’ve got to view it like a merchant. (I liked the pin-tucked gazar dresses; they reminded me of this Marc Jacobs look from his Spring 1998 collection.) Holstein is very much in touch with what women with money want to wear. When I saw Yael Aflalo , founder of Reformation—another Stripes investment, which turned out very well... See more
September Issues
For a magazine and brand, you want to create as many connection points as possible in the service of hype and media recognition. As a consumer, you primarily just want one person or a specific audience to appreciate you, let’s say your crush or friends. It’s much more targeted. Of course, some magazines and brands act like consumers in an effort to... See more
Claire Koron Elat • The New American Dream Is Sponsored by Meta: ANA VIKTORIA DZINIC
The executive said the “cake was already baked well before March 10, when it failed.” Indeed, in the 24 hours before SVB collapsed, Becker told his team the bank had lost $40 billion in deposits in four hours. That’s when a call was set up between Becker, the Fed, the F.D.I.C. and the state of California. “We’re not going to make it,” they were... See more
Confessions of a Former SVB Executive
In a consumer survey last year, the Federal Reserve found that 37% of Americans lacked the savings to cover an unantici- pated $400 expense.
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