Europe/Canada, please step up and find a way for Ukraine to not depend on US tech. www.cnbc.com/2026/10/15/e...

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AI Societal Benefits?! The new $400,000/year skin cancer drug is for me?! Insurance & Medicare will say: it is for thee, not me. Ironically, the average EU citizen with universal healthcare will benefit more than the US person with the data center in their backyard. #universalhealthcare #DSA #AOC

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In September,Treasury Secretary Scott Bessent justified his intervention in the bond market in a bid to lower interest rates. With Trumpian bravado, he declared, “I have asymmetric information. I am the house now. Bet against me if you want.” He’s clearly lost the bet. www.cnbc.com/2026/10/14/u...

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I doubt much of those increases are having much of an effect yet. The increase in yields only happened in Feb and loans roll over at different times, businesses usually set their capital spending annually.Adding 132bps to the 10 year will matter, especially if it sticks around.

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The reason fed interest rate hikes hit the economy with long and variable lags is because it takes time for the overnight rate to affect long-term rates and for those rates to affect the economy. It seems early to say the economy has been remarkably resilient in the face of higher yields.

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