USD liquidity is NOT tightening as fast as anticipated by many (including the Fed).. A thread 1/n

On the Director's task (a test of ToM reasoning) presented with social vs non-social framing, autistics "showed better performance in the social task relative to non-autistics" sciencedirect.com/science/articl… "Contrary to our initial prediction"

I occasionally get questions around what it means for the market when one of the components of Net Liquidity moves. Here's a chart reference. (This is according to the Net Liquidity model, which not everyone is sold on!)

The Treasury has drawn down its cash account by over $600 billion since mid-2022, which has added liquidity to the financial system, and offset the Fed's liquidity drain during that time. This'll probably continue into the spring, due to the debt ceiling impasse.

so $gray could've just liquidated and returned $1 to $1.50 to equity holders, but instead decided to do a reverse merger w/ a pre real proof of concept company? i'd be surprised if this merger gets approved by shareholders but mkt seems to think it goes thru w stock at 0.70

"Overall, autistic people are dying much younger than expected,with several studies now suggesting that autistic people are, on average, dying 12 to 30 years younger than others" jamanetwork.com/journals/jamap… on autism, health, and health care, editorial

What's the macro end game? A thread. 1/

Luke Gromen A related problem is that most peoples' mental models for inflation was the 1970s, and that was primarily lending-driven inflation (boosted by fiscal: Vietnam and Great Society) whereas 1940s/2020s (and 1920s Europe) inflation is primarily fiscal-driven inflation.

This is not unlike a tobacco magnate founding a university with a hospital renowned for treating cancer. Something which also has actually happened.

Anyway, goodnight.

I am so proud of the headline writer for this one.

Meanwhile, let's check in on how Musk's free speech absolutism is going over in India.

Elon Musk Several fully state-owned media accounts (e.g. DD News of India and RFI of France) are not labeled as government-funded. Are they going to be labeled as such as well?

time.com/6276726/police… Michael Ledford has been denied freedom from a wrongful imprisonment. Mr. Ledford is an autistic man who was pressured to confess. His last hope is clemency, a pardon from the Governor of Virginia. I only wish I could help him.

The Bretton Woods system was proposed in 1944 but it didn't really go into full effect until 1958, with the elimination of exchange controls for current-account transactions. h/t Joakim Book From that point, it's shocking how fast the system failed. Just 13 years from 1958-1971.

Lily I’ve seen zero negging on Barbie it’s all

Best poster award

good summary about the floaty rock drama so far “if you’re not following LK99, you’re missing out on the most fun thing happening or the internet now. Feels like the old internet.” reddit.com/r/redscarepod/…