Excellent @ericlonners.bsky.social post on bond market dynamics, Japan, and the bond-equity correlation over time. Takeaway #1 ("Dalio fallacy"): The rise in yields is not about debt – unless you're unlucky enough to be a eurozone member state. ericlonergan915540.substack.com/p/the-dalio-...

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47 years ago Members of British ska groups The Selecter, Madness and The Specials on Brighton Beach at the first date of the 2 Tone Tour in October 1979. Photo by Chalkie Davies #punkrock #ska #thespecials #madness #theselecter #history #skahistory

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One of the best #vintage (1922) #infographics shows the human machine. There is even an animated version on industriepalast.com

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Trying to explain to non germans how the biggest espionage scandal of the BND is just a subplot of the messy steakhouse franchise divorce

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Amid all the focus on French bond yields, don't lose sight of the US which has worse debt dynamics and more political dysfunction. Europeans should brace for the Trump administration to use financial repression and coercion to keep Treasury yields down. My latest nixons.substack.com/p/europe-reu...

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