And it is the recent underperformance of Systematic funds that has people increasingly concerned, because most still remember how the August 2007 quant fund blow up unleashed a massive market drawdown, and may in fact have led to the collapse of Lehman. .

...an accumulating culture of fear which is having a paralysing effect on wider society...

The world's largest semiconductor founder, TSMC, and Winbond are collaborating on a localized DRAM supply chain using 3D wafer-on-wafer (WoW) stacking technology, where Winbond would supply DRAM memory wafers to be stacked with TSMC's logic wafers.

China added another 20 entities, including Mitsui E&S Co., drone maker Terra Drone Corporation, nuclear fuel processors, and multiple units of OKI Electric Industry, to a watch list requiring enhanced licensing scrutiny. Both actions take effect immediately. 

In a system that concentrates gains and diffuses risk, the "rational actor" seeks to maximize rackets that distribute impoverishment and immiseration to the many in small doses over time that attract little attention...

Maybe Hollywood is hard of hearing?  How many times do audiences have to say "Get Woke, Go Broke"....?

It's a tragedy to see the once-heavenly Los Angeles turn into a hellscape...

"Oh my gosh. Very significant damage in Highmore, South Dakota from..." 

Amid record-beating electricity prices and a supply crunch in fossil fuels, many Filipinos have opted to install rooftop solar panels over the past three months.

"That's a constitutional crisis, when you have the leader of the country's largest city [saying] we're not going to follow or honor what the Supreme Court says..."

The division’s decision to disqualify Sullivan because it determined his candidacy was not filed in “good faith” was unconstitutional...

...oil UP, stocks UP, bonds (prices) UP... Gold DOWN...

Oh?

"The devastating earthquakes in Venezuela exposed exactly how the socialist government built housing for their people. Look at this video from La Guaira." 

 

Civilization is indeed atoms arranged by those who show up. 

"Today’s move is not an outright easing, in our view - but it likely opens the door to one. The asymmetric move likely signals an easing bias, without a formal cut...”

Dow posted a record close, while oil gained after the recent tit-for-tat and with conflicting reports on whether US-Iran talks will take place on Tuesday.

...the left is so desperate they are enabling a new French-style American Revolution 2.0, complete with guillotine and transgender Jacobins turning the country upside-down...