jones Good interview with Hersh about it on War Nerd Radio https://www.podbean.com/podcast-detail/t687i-9b79d/War-Nerd-Radio-%E2%80%94-Subscriber-Feed-Podcast
(Rest of the) World News
https://www.rferl.org/a/armenia-azerbaijan-blockade-nagorno-karabakh/32265520.html
For more than two months now the Armenians of Nagorno-Karabakh have been blockaded by Azerbaijan. A blatant attempt at ethnic cleansing and if that fails, genocide, by the EU's new "reliable energy partner". Of course no-one cares since Armenians don't have blond hair and blue eyes and it's also geopolitically convenient not to care.
https://www.washingtonpost.com/technology/2023/03/09/silicon-valley-bank-shares/
Second largest bank collapse in US history.
A new era begins...
I wonder how much if any of this timidity in the tech markets is LLM and AI related, as opposed to just the long-awaited further unfolding of all the crypto and bubble losses of the past year and a bit.
As someone who does a lot of "bespoke" software work AI seems to be casting a fairly long shadow on perceptions currently.
SVB was the canary in the coal mine
Good thing all those revised accords and prudential regulations went in after 2008—should make it a certainty none of these institutions are so over-leveraged they're vulnerable to contagion. It's great how well the whole system works these days.
- Edited
Disclaimer: I know less than nothing about this but I daresay no one has a grasp of the full picture anyway.
It seems like the US/UK GSIBs have benefited from the post 2008 regulation and are actually not too vulnerable to contagion. They'll likely benefit from this as more power flows to them (e.g. like UBS and HSBC have) and away from the other banks.
4x greater capital requirements, RFB, CASS, etc. definitely ensures that the banks aren't able to repeat the mistakes of 2008. However, if sentiment turns and markets get spooked then it doesn't really matter, because it markets will fall regardless.
I feel like he's getting more blatant with his racism now. He's always been a massive dick, but he used to at least try to hide it, making the meme kids think he was going to save the world etc.
Anyone following the Titanic disaster news? Absolute mind boggling the lack of safety features and escape functions for the participants.
Nvm. Debris found. RIP.
At least it was quick
No matter how this ends, the last one year has destroyed Russia’s military reputation.
French policing makes American police look normal.
Couldn't he make it less obvious...
Definitely an accident
The obviousness is the point