Below, find the letter Sam Bankman-Fried sent to FTX employees this week. Typically, I’d indulge
Day: November 23, 2022
Lags And Stepdowns
The word “lags” came up nine times in the November FOMC minutes, released into a
Saying One Thing, Doing Another
“Along with the ongoing impact of inflation, attitudes have also been weighed down by rising
Americans Keep Mortgaging Their Lives Away
Incorrigible Americans, spurred on by some combination of rate buy-downs and FOMO, bought more brand
In China: ‘Fight, Fight!’
Maybe Xi Jinping decided to abandon “COVID zero” following last month’s Party congress. He’s going
Half Empty
Wednesday brought more disquieting economic data and more rate hikes, underscoring the tenuous nature of
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