Lily Trump’s offer is this : Nothing. Not even the fee for premium status on X which he would appreciate if Elon puts up personally.

In Trump 1.0, VIX hit a local peak of (just!) 15.96 on April 13, 2017. Three months later on July 13, 2017, VIX was below 10.

A reminder. At the end of the week we will be 50% closer to several tariff deals than we were at the end of last week. And we will be 50% closer next week than we are now. Also, we may get a Breaking tweet over the weekend from Charles Gasparino apropos nothing.

Did not work out too well.

Anyone know what Trump is asking for the Tesla ? Does the parking space come with it ? Is he willing to accept a trade in ?

When AI takes jobs away, maybe there will be more people available to do this type of stuff (or at least pretending to do this, while in fact its actually AI that does it)

Braess’s paradox Year into my OR/OM PhD (Simon school, Rochester), dept head asked me to read/present this paper in a seminar. Math was legit, but the more Chicago than Chicago Simon school Econ/finance faculty aggressively attacked me for the market failure implication.

At the time, had worked on setting up a Credit Derivatives Product Company inside the firm. That was trying to leverage a SPV’s AAA rating to do the same type of stuff but in CDS (super senior tranches). But tricky in large firm with headline sensitive clients.

One of the CDPCs that got issued, Quadrant, was launched by Magnetar, the ppl who are behind CoreWeave.