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
“Getting a yield of less than 1% to lock up your money for up to 100 years might not sound like a great deal,” Bloomberg led its story about the com- ing of the Austria 0.85s, in June 2020, “yet the rush for safety means Austria’s century bonds [i.e., the 2.1s] have nearly doubled in value so far. That’s why the nation’s sale of new debt that... See more
In effect, SVB didn’t have the technological infrastructure to handle the influx of deposits that came into it during the pandemic, nor the investment skill to manage all that new money. It took what appeared to be a safe route of investing in long-dated Treasuries but failed to recognize that in a rising interest rate environment they would lose... See more
Confessions of a Former SVB Executive
Forerunner Ventures’ Kirsten Green , Into the Gloss co-founder Nick Axelrod (now at UTA Ventures), or Emily’s former assistant, Morgan Von Steen
After the Gloss: What’s Next for Emily Weiss
some people to note
"The Fed's own data," observes the August 29 edition of "Early Morning with Dave" (David A. Rosenberg, of course), "show that bank-wide credit card delinquency rates have gone from 1.84% a year ago to 2.43% in the first quarter of 2023 and now to 2.77% in the second quarter. This is also before we have even seen the onset of higher unemployment--is... See more
“She and the women like her were ornery, assertive, relentlessly capable, weathered and threadbare. She was a monument of dedication to her family, her work, and her community.”
Adam Lehrer • Who’s Afraid of Elena Velez?
The industry lacks much in the way of standardization, and many developers have agreed to localize various aspects of their supply chains across innumerable states, provinces, and cities to win political backing for new projects. As a consequence, benefits from economies of scale have been difficult to realize
I used to get all huffy about Ralph Lauren shows because they don’t budge one bit forward. Maybe I’ve softened, but I not only don’t care about that any more, I don’t think they should. Lauren is really like Lagerfeld of America, and his ideas hold up. The revolution will come when it’s time.
September Issues
One thing that could help us close that remaining gap is a carbon tax—something universal, fair, and relatively simple. Paired with positive incentives for renewables, a price on carbon creates a negative incentive to generate emissions. I recently tuned in to a training session from Citizens’ Climate Lobby, which made a strong case not just for... See more
America’s Carbon Bill Is Coming Due
taxing households so beyond political suicide — adding yet another tax that will impact citizens rather than corporations — and is exactly the sort of thinking that the climate lobby will fail for