www.bloomberg.com/opinion/news... "“The fundamentals have not changed,” says the CEO of a vaping company turned crypto treasury company about a market crash in tokens like Shiba Inu. Is that good?"

at least ten years ago they pretended to care about UBI when evangelizing about automation and the techno future

Weekend mode in Geneva and a couple of people on the train platform enjoying a joint, before the train arrives. Don’t let anyone tell you this place isn’t chill

Wonder how differently the BBC would be reporting on the release of the Epstein email cache were it not for the crisis created by the allegations of bias and the Trump legal threats

here’s the very low tech horse drawn cart, making its way around my🇨🇭village this morning to collect discarded oversized objects

Bloomberg sends push notifications for everything (including Taylor Swift’s engagement) This morning when I woke (European time) literally nothing. No flash announcing Mamdani’s win. Had to open Bluesky to get an idea of the magnitude of his win

One more thought- it’s incredibly funny to this european bystander to observe the outright panic that some so-called moderate democrats feel at the prospect of a Mamdani win. The panic on the part of the billionaire class is the cherry on the cake

Trump endorsing Cuomo probably helps Mamdani on the margin. Put differently, the voter segment that was leaning towards Mamdani and is now going to switch to Cuomo based on Trump’s endorsement is probably nonexistent

15-20% of the $500bn global convert bond is now AI-linked, up from 5% in 2023.

In keeping with today’s Argentina theme, friends back from BA with a Costco-sized box of Alfajores. Argentine health ministry overkill with the warnings

Generational image for this app.

comedy

from Jonah Weiner at the always excellent anti-fashion fashion ‘sletter Blackbird Spyplane on why he makes his birthday cards by hand. Because doing things is fun, and why would you ever want to automate that pleasure with AI. substack.com/@blackbirdsp...

Reminds me of this gem on.ft.com/3KYTz0s

Chinese regulators showing a greater understanding of the issues at stake (who has the right of coinage?) than the Trump admin on.ft.com/4hoxu7K

Both this and the Niskanen posts are great. I prefer this one a touch because it builds off the two books to a question that I'm also often left with - running a brutal economic model should have an end goal that is less brutal but it runs the risk that you lose the dynamism that got you there.

It’s as if those Friday Truth Social posts stayed tucked away safely in the drafts folder

The galaxy-brained speculation is that Dimon could announce an Intel investment during the earnings call tomorrow, following in the steps of Nvidia

JPMorgan pledging $10bn to US companies essential to national security. Includes rare earths, defense, robotics, battery storage, electrification

We’ve reached *that* stage in the gold rally where I just passed by a queue of 30-40 gen z in front of the Goldhaus jewelry shop in Geneva

something I would say on the other site was: when banks, private equity, financials are this weak when the market is going straight up I start to worry there may be problems

The Nobel committee is no match for the gambling degenerates

How long will Rubio keep his job after his boss finds out he put his name to this letter supporting Maria Corina Machando for the Nobel Prize? www.rickscott.senate.gov/services/fil...

"Yes, she's Venezuelan. Yes, 'she'."

It’s over / We’re so back Argentine edition

🔥FIRST BRANDS NIGHTMARE ON WALL STREET SPREADS TO PARADEPLATZ 🔥 A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, leaving Switzerland’s largest bank grappling with a bankruptcy that has convulsed global finance. Lots more scoopy detail here: on.ft.com/46VXxhD

Sorry but I’m rooting from the sidelines for quantum, as the technology could potentially nuke bitcoin 🤣

As a European I strong feel I shouldn't even know why Gavin Newsom is

lol +188% pre-market bump Golden Age of Grift

So the US government is buying a 10% stake in a <checks notes> Canadian company - Vancouver-based Trilogy Metals TMQ.US

Ukraine single-handedly keeps ancient maritime culture traditions alive

Intel, Micron, Dell, Western Digital, Seagate, Oracle leading tech markets to new highs is giving off 90’s vibes

Somehow I didn’t think this sign is going to prove much of a deterrent in the face of the rowdy behavior, crime and littering that are increasingly part of the Halloween celebrations in Tokyo

someone pointed out that Hegseth gives off strong Gob Bluth energy, and now I’m finding it impossible to rid myself of the most annoying earworm ever

It’s hard to be a bear on the AI trade (not the technology itself) when ‘everyone’ is an expert on vendor financing, the risks of circular financing are a consensus concern, and the parallels with the dotcom implosion are seemingly obvious. Almost too easy

lecturing others on the importance of a professional appearance is a bit rich coming from the guy who is the personification of a fashion crime

and get Jonny Greenwood to compose the film score

Looking back, Notepad was all we needed.

I take it the metaverse has been quietly shelved

Strong demand for the Oracle bond issue. Heavily oversubscribed, BBG reporting demand of $88b. Deal size was raised from $15b to $18b

And on cue, Oracle in the market today with s multi tranche bond issue, just announced

The world sits, stunned into silence.

nice random visual juxtaposition in the timeline

If skeptical about AI, the most sensible hedge is arguably going long AAPL, not short NVDA, or god forbid- an AI shitco

given my general skepticism about the vc industry it pains me to recommend this podcast, but Dylan Patel of Semianalysis is really good on the implications of the US gov Intel investment and AI race with China podcasts.apple.com/ch/podcast/a...

There are enough investors that have missed the past month’s rally in the AI semi and datacenter names that the first dip in the sector is likely to get bought. Also remember that the names are mostly trading at their highs for the year, despite the DeepSeek selloff, April tariff scare and China

it’s not as if Oracle has never had regulatory problems with overly aggressive revenue recognition policies 🤷🏻‍♀️

Tech companies like Microsoft $MSFT and Amazon $AMZN to H-1B visa workers: You shouldn't leave the US Your dependents shouldn't leave the US If you are outside the US now, come back today Banana republic stuff