Russia’s energy sales help pay for $190B of its military spending in 2025, nearly triple 2021. ($200B+ budgeted for 2027; no peace plans!) Ukraine is at $84B, 40% of GDP, & short on defense $. Response? 1) More money for #Ukraine. 2) No deals with Russia. Not one more barrel of its diesel or oil.

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This is the guy that even many Trump-opponents credited with being a super-smart, hard-boiled realist and analytical mind? The (only) adult in the room?

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What defines a good joke is that you don't have to explain it. Though this is no joke. Speaking about Iran, Bessent says "a corrupt regime has consigned what would be one of the world’s strongest economies to ruin and its enterprising people to repression."

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I don't think you can strip quotes from Smith + Cowen about Acemoglu from their political context. It's reasonable to think that Acemoglu's liberal politics antagonise the former, who have made their brand the enthusiasm for the techno optimism of eg Musk, the owner of the platform for the yelling.

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The world has changed--inflation is stuck higher post pandemic, rates are higher, deficits cost more and are larger. Now add in a capex boom in need of large scale debt finance & the tectonic plates of global capital markets are shifting

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