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Thread of videos generated by Google’s latest AI release. Are these best in class because Google has the best tech (algorithms meet hardware) or the best data (YouTube)?

Is US manufacturing really growing? 1. If you assume inflation is not undercounted by CPI, manufacturing, in the new center of manufacturing in the USA, has, over 20 years grown at a meager 1.1% per year. 2. Note that new car prices, which are made in US and outside US are

Chase is ending its safety box service (you used to be able to store precious belongings in a box in their vault). A chase banker recently told me that in-branch fraud has gone up 100x. I suspect that increasing burglaries are also part of their decision to end the service.

OnlyFans is a failure of free markets. Buyer and seller engage in a transaction and are both worse off for doing so. Ban it.

Capitalist democracies require education to work.

Trump’s first and third wives were imported from the EU.

“Why don’t we make it here?” When it comes to shipping costs, the answer is human ingenuity and scale. It costs more to ship a truck from one side of America to the other than it does to ship a container by sea from Asia to America, even though it’s over 4x the distance. By

Why are IKEA products made in every country under the sun? IKEA has stores in 63 different countries. Perhaps they believe that making a product in every country in which they operate is good politics. Did you know that Apple doesn’t just make iPhones in China and Vietnam?

The 4 main reasons why passenger rail doesn't work in the US: 1. If you have to drive TO and FROM the station, you might as well just drive the whole way 2. Higher rates of crime than RoW 3. Lawyers too powerful, too numerous 4. Corruption is more expensive here

If you were a billionaire, which would you buy?

Over the last 5 years, Austin has demographically transformed into Houston.

The United States is delusional about China. China is, in its own way, delusional about China. But no country is more delusional about China than India. Watch this interview between Singaporean but ethnically Indian former UN president and this Indian commentator to see how.

The reason why quantitative easing (when the central bank uses printed money to buy financial assets such as bonds) doesn’t immediately lead to consumer inflation is that no one sells a house and then buys 250,000 hamburgers.

This is my simplified model for how inflation works It’s how I correctly predicted in late 2020 and early 2021 big inflation, winning a bet that cpi would exceed 7% with a fintwit account Here are the key points: 1. Where you inject newly created money in the system affects

At least once a week, you should do something so intellectually demanding, that your brain hurts afterwards. Exercise for your mind is as important as exercise for your body.