22 days later

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.

9 days later

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.

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.

2 months later

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.

a month later

Anyone following the Titanic disaster news? Absolute mind boggling the lack of safety features and escape functions for the participants.

    Clrnc

    Ironic that they likely met the same fate as those who used the Titanic. Imagine paying $250k and using this to manuver this submersible:

        Bryant Their light in the sub is bought from camping world and it's ballast are construction pipes...

          Nvm. Debris found. RIP.

          At least it was quick

            Wagner group and Russians have fallen out, sounds like the Wagner group have taken two cities and talk of a coup. Has been bubbling for a while now.

            Clrnc Really sad it ended like this but sounds like the guy who was running the operation was cutting loads of corners.

              No matter how this ends, the last one year has destroyed Russia’s military reputation.

                Mirth Depends where you are from. Here in east europe it was no surprise, nothing to destroy, we knew they are incompetent and corrupted at every lvl. It's just how things work in ex soviet states.

                  French policing makes American police look normal.

                  2 months later

                  Couldn't he make it less obvious...

                  Definitely an accident