[Trying this again with the right pictures!] Really pleased with this paper -- posting a new version with a better discussion of the previous literature, some new results on calendar-time portfolios, and some fixed errors! paulgp.com/papers/finan...

social media made the divergence worse and probably longer duration wise

code interpreters extend this to data analysis but people stare at the same line and have different interpretations

"...copied out hundreds of steps of proprietary DRAM manufacturing processes by hand, recording detailed process recipes covering equipment specifications, sequencing and yield optimisation. The handwritten notes were later used to reconstruct the manufacturing flow at CXMT"

continues to be one of my favorite charts to watch

good piece from @mackhawk.bsky.social about export controls enforcement and China's approach to AI

get around anti-trust wait no, not like that

Not enough commentary on how this new trend of offering the founders a bunch of money to leave but keeping the now worthless corporate vehicle intact without an exit might end the Silicon Valley startup scene if AI coding reduces the cost of execution to near zero.

fascinated by the idea of "personalized" persistent memory that one can update resolving conflicting ideas/memories probably requires "personalized" KV cache or weights as well

Meet Lares - an open source AI household companion built on @letta.com. Persistent memory, autonomous "perch time" for self-directed tasks, Discord integration. Inspired by @timkellogg.me's Strix. Still early, but it wrote its own tests while I slept last night. github.com/DanieleSalat...

Ladder press conference.

the price of attention is high

hugging face tinker

"...with news publishers ranging from USA Today, People Inc., CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde."

🚨 New in Nature+Science!🚨 AI chatbots can shift voter attitudes on candidates & policies, often by 10+pp 🔹Exps in US Canada Poland & UK 🔹More “facts”→more persuasion (not psych tricks) 🔹Increasing persuasiveness reduces "fact" accuracy 🔹Right-leaning bots=more inaccurate

it's funny this chart would look different if labs stopped training but that's not exactly bullish

I'm not even mad, that's amazing.

people do remember metaverse ER comments boosted NVDA right?

Good morning. My take on affordability which is a function of supply and time. Unfortunately, supply side policies to facilitate lower prices are not in the cards anytime soon. #Econ #EconSky realeconomy.rsmus.com/market-minut...

Initial claims are subject to a big dose of noise around Thanksgiving, but stepping back there are real/growing tensions in layoff indicators. Are ineligible groups (contract workers, some immigrants, sole proprietors & gig workers) playing a bigger role? Are severance packages longer than usual?

Hello moths, The harvest has arrived: anisota.net/harvest It's like Spotify Wrapped, but for Bluesky and the ATmosphere. 🌾 See your most-used words, discover who you interact with most, explore your posting patterns, and find all sorts of fun insights.

I think they’re worried that YCC to counter this specter would turn USTs into Hasset-Backed Securities.

$MSFT - MICROSOFT HASN'T LOWERED SALES TARGETS - CNBC

all for teaching kids about compounding but let's address more fundamental drivers of basic learning and life outcomes first

NFLX really weak

November 2025 is when gamers started to feel the memory squeeze

“Am I getting $30 of value per user per month out of it?”

there's only two cuts priced at the moment

Small businesses shed lots of jobs in November

ADP shows private hiring has essentially ground to a halt overall in recent months led by job losses among small firms

Mistral launches Mistral 3, a family of open models designed to run on laptops, drones, and edge devices

probably not great for Boston economy

context for the private equity 401k push

They *said* that and they kept saying it for years after it stopped being true.

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This report is excellent, look at this chart

Thinking a lot about this moment from literally the first chapter of "1984."

@jamellebouie.net, think you might have interpreted the "he" part different than @cavandy.bsky.social's intent...

that now it's clear the operation didn't affect deficits people can prepare to deal with backdoors

Japan is in a terrible spot. High debt means it's constantly having to choose between a falling Yen and allowing interest rates to rise. The BoJ this week chose the latter and is signaling a December rate hike. Longer-term yields like 10y20y forward (red) are back to their August 2025 highs...

Dell's Tots

quite the reversal in roles compared to Google's Paris demo in 2023

We first note that hand-wringing about the decline in US college enrollments has mistakenly linked such declines to the price of four-year colleges. But the decline is entirely driven by two-year community colleges (and by for-profit colleges). The four-year sector is the dog that didn't bark.

H/T @nicktimiraos.bsky.social

Tech report:

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