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
the image maker of the future will probably be the person who has the most highly sought-after taste and always gets it right.
Claire Koron Elat • The New American Dream Is Sponsored by Meta: ANA VIKTORIA DZINIC
In 2019, Ioannis Rallis, head of the group for European supranational, sovereign and agency debt-capital markets at J.P. Morgan, laid out the bullish case in these words: “With a high convexity bond, the price falls less if yields go up than it increases when yields go down. That asymmetry is very interesting for some investors, who can use it as a... See more
If PD should ever end up in someone else’s control, it would certainly make me sad, but I can do it again with a different name. I don't think the brand is good just because of the name — it’s about ethos and ideas. I don't even think of PD as my own name anymore. When I look at the label inside the clothes, I don't think of myself. It is lot of... See more
Brenda Weischer • BRENDA’S BUSINESS with PETER DO
for an article on namesake brands, constantly changing law firms, namestory
In the battle between physics and platitudes, physics is undefeated.
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
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
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
Thomas Gold was a professor of astrophysics at Cornell University and one of the most interesting scientists of the 20th century. He had a notable penchant for diving into completely new fields and developing hypotheses utterly at odds with the scientific consensus of the day. His many achievements include correcting the understanding of how the... See more