Today in Literal Fountain Of Youth headlines… on.ft.com/4ohQ3wC

The epigraph in "1929"

An internet prediction from 1998.

Very interesting … OpenAI ‘Project Mercury’ bringing in young investment bankers to engineer prompts to do junior banker grunt work like financial models and deck building. I can models see working, but AI building worthy decks feels like a long way off. bloomberg.com/news/articles/…

Image below on how betting markets rank Bessent's top 5 picks to replace Powell as Fed chair. And here's the full FT piece by Claire Jones - ft.com/content/88c7be…

Visualized: Where School Teachers Earn the Most in America 🍎 voronoiapp.com/work/How-Much-…

2 great excerpts from Adam Mosseri back to office in 2026 memo sent to all Instagram and Threads employees… all companies should do this. === 2. Fewer meetings: We all spend too much time in meetings that are not effective, and it's slowing us down. Every six months, we'll cancel

Wild chart from Jim Reid at Deutsche Bank, showing how much OpenAI is expected to burn before turning a profit. A couple things stand out also: How small the $AMZN burn really was for its first 8 years. How big the $UBER burn was before ultimately getting in the black

🚨Big news in the RWA ecosystem! Congrats to Figure on launching the new RWA Consortium, bringing together leading Solana and crypto partners to expand institutional-grade, onchain credit markets for DeFi users.

Dec 2010. Dec 2025.

How Netflix's acquisition of Warner Bros changes the media company pecking order More charts of the week: a16z.news/p/charts-of-th…

Worth watching: a measured, accurate housing 2026 outlook with Julie Hyman at Yahoo Finance and my friend Jeff Taylor at Mphasis Mphasis Digital Risk — he debunks the 40-year-old first time homebuyer headlines, and talks rates and state of affordability too.

As the market gets punch-drunk on the idea of tokenizing everything, it's worth taking a step back to ask "why tokenize something?". Generally when someone pitches me an idea of putting something on blockchain, it's because of perceived efficiencies (blockchain is generally not

CPI Nov drops to 2.7% All, 2.6% Core. Will help mortgage rates drop to low-6s (then maybe high-5s once Fed succession pick announced).

Super-Core CPI (ex-food, energy, housing) lowest since 2021.

From Omair Sharif "This is totally inexcusable. The BLS just assumed rent/OER were zero for October. I am sure they have a good technical explanation for this, but the only way you get a two-month average for rent of 0.06% and OER at 0.135% is assuming October was zero.

Regardless of the rent/OER methodology issues in today’s CPI, we know from our trackers and surveys the rental market is struggling. Very weak decelerating new lease growth, which will help keep a lid on inflation well into 2026. Not the best demand story, but if inflation is the

Shelter CPI has now moved down from a peak of 8.2% in March 2023 (highest since 1982) to 3.0% today (lowest since August 2021). Given its long lag vs. real-time rental data (-1.1% YoY), a continued move lower is expected.