Mike Bird
@Birdyword
Executive editor @WorksInProgMag. Just a lad from Leeds with a lust for markets, business, and history.
Author of THE LAND TRAP. Formerly @TheEconomist @WSJ
2.3K Following 111K Followers
Could be quite a buying opportunity here, if stocks bounce back. Not if they sell off further though.
A lot of the people I know doing hiring have returned to almost pre-modern hiring efforts based on who-you-know networks because they find the open format so difficult now, and the flipside of that is a skilled person can make hundreds of applications with no result
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I have no idea how true this is, but the combination of short-form video social media making everyone crazy *and* having an opiate-like effect that stops them doing anything crazy is an under-discussed combination IMO
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I want you to put the word out there that we back up
Agreed. You can never write anything off for certain but:
1. Unrealised losses / assets for banks are half what they were at the 2022/23 nadir
2. Convexity! If price is what you care about, a move from 4% to (imagine) 7% just doesn't matter as much as the move from 1% to 4% did
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It is a little amazing how many industries have seen AI barrelling towards them like a runaway freight train for three or four years now, but have developed almost no response to it whatsoever.
I think it's imperative for the future of the United States, and the world more broadly, that we hit a new S&P 500 all-time-high this week.
Imagine for a moment just how fun it feels to say this as the Greek finance minister
I appreciate that this is a real issue, but
1. These posts show that the Chinese bots doing influence operations are not exactly Leni Riefenstahl-tier operators
2. It's over-convenient to paint big nasty political divides at home as the result of nefarious foreign influence
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You know someone is a slow updater when they talk about Americans not having passports of going overseas, a meme from 20-30yrs ago that is now incredibly out of date
We need to raise interest rates to 10%, maybe 15%
It's too difficult for people to admit that there's now a tech stock larger than two of the Mag 7 firms, because then they'd have to admit they don't know what Broadcom does
