#Decline

Weekly Fed Balance Sheet UpdateBalance Sheet $54.3B The Fed continues adding treasuries at a steady ~$25B/week rate. $ Swaps continue to decline MBS up to a new high last week.
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COMPANY LIFECYCLESIt is useful to think of companies as having a lifecycle 1. STARTUP- these companies historically were rarely listed on the stock exchange - they need Cash and are
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1/Today's Substack post is about the U.S. vaccination effort.It's not good enough. BUT, it's better than almost the entire rest of the world! And I don't think Americans have collectively
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So women in this country are going to vote for Biden because they like: 1. Elimination of single family zoning in their town2. Loss of jobs in the energy &
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I may be completely off base(often am-I draw a lot of parallels from local traders making markets in the pits on trading floors to the #wallstreetsbets, $GME phenomena now. Independent
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Brilliant, necessary idea! For organisers of these workshops, please ensure that they're friendly and supportive of scholars of colour. Navigating the publication process by itself is one thing but being
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Lockdowns vs Focused Protection.If NPIs and lockdowns had no effect on the epidemic curve or on mortality, will Focused Protection strategies have an effect on reducing mortality among the vulnerable
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Like in 2016, there will be lots of discussion about the 76% of evangelicals who voted Trump. A quick thread with some reading recommendations, based on research I did for
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On 31st January, for the first time in 305 days, the state of Gujarat had reported ZERO COVID19 deaths in a 24-hour period. + The total number of active COVID19
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If my work has made an impact on your midset on housing. It's to always ignore this #(A## https://twitter.com/adam_tooze/status/1323605848187428867 Real home prices from 2012-2020 look nothing like what we saw
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It has not been a good news day when it comes to vaccines—particularly AstraZeneca—and the B.1.351 variant that arose in South Africa. But buried amidst the bad news of a
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Some quick reactions to the new lockdowns in Europe. 1. The degree of uncertainty is much higher than in the first wave. In the first wave, the (incorrect) belief was
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Yesterday I saw a friend, a defence barrister, face a lot of abuse over his advocacy in a very upsetting case. For many outside the criminal justice system it is
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1. A few thoughts on cities & economic development in a COVID-19 & Post-COVID-19 world. Much of the discussion has been abt location (of work & residence) & which cities
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At the risk of committing a kind of "No True Scotsman" fallacy, I'm curious what exactly the issue with capitalism is.As I understand it, capitalism is very straightforward. You and
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The Great Zimbabwe has the largest of stone-built ruins. It consists of 12 clusters of buildings, that spread over 3 square miles. Its outer walls were built from 100,000 tons
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