People need to get a grip. Leopold Aschenbrenner didn’t “crash” the stock market. The S&P 500 is barely off all-time highs. (But yes, some over-leveraged traders got taken out, that’s the way it usually works.)
GenevaGirl
@michellev.bsky.social
Fintwit refugee. Random observations. Sometimes finance-related. Shitposter with a Bloomberg. Night 🦉and wearer of pointy hats and flower garlands. Avant gardener
this is a great chart from Bespoke (@peark.es 👍), because it illustrates how far we are from a true all-encompassing speculative frenzy as we saw with the Dotcom bubble. having been around back then, I remember the ultimate Neuer Markt debacle cc: @michellev.bsky.social @dsquareddigest.bsky.social
tbh this guy has come back from FTX and come back from being fired from OpenAI, I would not care to bet against him
good nuanced thread on Leopold A. tldr it’s not what you think
Quantian@quantian.bsky.social · 6d agoObviously now that it’s massive headline news a bunch of people who know nothing about the situation will comment stupid things about it (esp because it’s AI related) but the Leopold blowup is quite shocking to basically every professional investor who was following him for several reasons:
Ehm... They're a much loved member of the diaspora who NEVER invaded us.
Caravaggio transplanted into the 2010s would get cancelled for a series of cryptic late night tweets about how he didn't mean to "kill the guy" and then fleeing to Russia where he converted to Orthodoxy and painted icon portraits of Putin as both Constantine and Helen.
ae@aelkus.bsky.social · last mo.caravaggio transplanted to the 90s would have made a foolhardy decision to side with 2pac due to shared combination of artistic pretension and bad attitude and then get gunned down with him
the Icelandic horse would like to remind everyone that it is not a pony
John Bull@garius.bsky.social · last mo.oh yeah, and obviously remember that the REAL Normans rode into battle on war ponies. but that's a whole other thread on how centuries of breeding has changed our cultural perception of horses.
Long before Brexit, and when I lived in the UK, I remember telling someone that I was going to Paris for the weekend, and she responded, “So you’re off to Europe then...” And I’ve never forgotten, because it was such a strange thing to say
John Bull@garius.bsky.social · last mo.A lot of the "Normans as alien culture" atuff is heavily rooted in Victorian era (and beyond) views on British cultural origins and modern statehood, along with the idea of Britain as separate from Europe. the archaeology and more recent scholarship increasingly shows that bleedover was constant.
I miss those vintage World Cups, where key matches would overlap London/NYC trading hours, and liquidity would become nonexistent esp. in certain EM bonds. The outrage and complaints from disinterested US traders was brilliant
As in 1066 England will prevail against the Norwegians before tragically losing to the French a couple of weeks later.
Geneva, the kind of place where I’ve spotted more Argentine football jerseys this afternoon, than comparable Swiss kit yesterday. (Follow me for more WC commentary, blah blah…)
The OG musk fanboys were those environmentally conscious urban liberals that bought a Tesla back in the 2010s. Feels like a lifetime ago
Financial Times@financialtimes.com · 2mo agoSpaceX handed lowest possible ESG rating by MSCI ft.trib.al/thrQnfB
Podcasts about 90’s pop culture/ britpop hosted by aging UK music journalists are the new grainy black and white WWII documentaries our dads and grandads used to obsess over. Same vibe.
we have so many useless referendums (immigration, minarets, ending fractional reserve banking…), when do we get something useful to deal with the crippling impact of heatwaves?
Nate Bethea@inthesedeserts.bsky.social · 2mo agoThose of us who are about to die salute you
SpongeBob got hooked on crack and it all went wrong
The referendums from a few years ago to go back on the gold standard and abolish fractional reserve banking have been pretty stupid too. Same people backing those initiatives.
Adam Drummond@adamdrummond.bsky.social · 2mo agoWell done to 55% of voters in Switzerland for rejecting one of the dumbest questions ever put to a public vote
of course, the first car to be set on fire at the anti-G7 manif’ is a tesla. hearts and minds
the real political correctness is that you can’t go on the news and say that this is hick shit
Benjamin Alvarez@benjalvarez1.bsky.social · 2mo agoMeanwhile on the White House South Lawn
the intensity (and my god, the frequency) of these food trench warfare bouts is extremely using when you consider that availability of everything everywhere has never been greater
why yes, I am judging anyone from Appenzell Rhodes, Glaris and Uri
Reto Mitteregger@indubioproreto.bsky.social · 2mo agoLes jeux sont faits: Thanks to urban municipalities and french speaking regions, Switzerland says NO to the far-right proposal demanding to cap the population at 10 million inhabitants.
we’re going to get three different tech stacks: US, China and Europe with big implications for the supply chain: not just GPUs, but HBM, lasers, and all kinds of components
Tomas Hirst@tomashirstecon.bsky.social · 2mo agoAlso, umm, another big reason not to allow US-hosted AI tools to become a core feed into production because they can be turned off at whim.
Stupid referendum on capping the Swiss population at 10m being held on Sunday June 14 too, same day as the big manif’. Vance better stfu
Nate Bethea@inthesedeserts.bsky.social · 2mo agoTrump is staying in Geneva during the G7 meeting in Evian and because of his stupid ass being here they're basically closing the border and bubble-wrapping half of the city. We've been told to keep our passports on us in case of police checkpoints. I gotta be real with you: I fucking hate this guy
Event contracts (bets on war, terrorism or assassinations) « would likely be barred as not in the public interest. » *Likely* is doing a lot of work here. www.reuters.com/world/cftc-p...
US agency proposes new rules to govern prediction markets, WSJ reports
The U.S. Commodity Futures Trading Commission will propose new rules on how it will govern prediction markets, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
reuters.com
Never known to overreact, the Geneva authorities are preparing for the city to become a warzone during the upcoming G7 meeting in Evian (!). Retail shops boarded up, gov offices fortified, and remote working for one week. Oh, and Blixa Bargeld is coming to town
