Yakov Feygin

@buddyyakov.bsky.social

Political economy, Russia, ext. Also pictures of cats. Recovering historian doing financial engineering for the public sector the Center For Public Enterprise and still sometimes missing academia. https://www.hup.harvard.edu/books/9780674240995

we have spent more than 5x what China has spent on AI if strategically I wanted to crush a sovereign rival, convincing them to reorient their entire economy so that all growth comes from a technological dead end - or really just does not justify the investment - it would be pretty smart

Patrick Chovanec@prchovanec.bsky.social · last mo.

I can keep two thoughts in my head at the same time: 1) that AI poses serious ethical and social questions that cannot be brushed aside in the name of "progress", and 2) that we can't simply cede leadership in AI development to China. Each can be true without invalidating the other.

The Professional Managerial Class is the revolutionary class and the DSA is their conduit. Which is why the left nimby stuff was so counterproductive. Why are you trying to impoverish your own political base, moron?

Joey Politano🏳️‍🌈@josephpolitano.bsky.social · yesterday

DSA-aligned Democrats are now the most pro-free-trade voting bloc in the United States, in an incredible turn of events www.theargumentmag.com/p/who-suppor...

A graph showing whether voters support or oppose free trade by party identification, showing 54% of "Dems favorable to DSA" strongly support free trade agreements

"Saying that AI data center debt issuance is similar to Collateralized Debt Obligations because both involve creating a Special Purpose Vehicle is like saying borrowing ten dollars from a friend is like promising a guy 100,000 dollars if he kills your wife. Hey, they’re both oral contracts!"

*Sigh* No Ed Zitron, AI bond issuance is not AI’s "Subprime Mortgage Crisis”

EDITORIAL NOTE: Given the importance of this issue, and in a desire to be fair when writing such a critical piece, I sent a draft of this article to Ed Zitron to review and give his response to. I've ...

crisesnotes.com

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We are at the “r/finance is posting fancams of Chair Powell set to Taylor Swift” point in the cycle of regret over Temu Greenspan.

30y mtge price off the belly not the long end because their duration is more like 6-8 years than 30; that free prepayment option gets exercised and REGULARLY. Refis + moves mean the typical mortgage gets paid off long before scheduled maturity. More in the thread linked in next post.

Tom Hearden@followtheh.bsky.social · 6d ago

I have a question for you bond market mavens. If 30 year treasury yields are above 2023 levels now why are 30 year mortgages 120 bps lower than the 2023 peak?

I’m definitely in the “I’ve hated AIPAC since before most of you were born and also this is getting really out of hand” camp.

Hot take: A certain kind of American leftism is deeply culturally Protestant, even if it disbelieves in God, because of its preeminent focus on having the right inner mindset and intention and feeling properly guilty about one's moral failings to live up to a certain standard.

Ned Resnikoff@resnikoff.bsky.social · last wk.

One thing you can see in the latest Stancil blowup is that a sizable share of this website thinks that good intentions are the only thing that matter in policymaking, and expressing skepticism that a policy will really work as intended is equivalent to stealing food from the poor.