Far From Home

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@Olin_Kluzif @Ian_Willoughby You obviously never lived under the Catholic Totalitarian Regime. Remember, the Irish constitution said the country was governed under a partnership of Church and State. Hence a Bishop could get Saturday night dances banned as happened ...

@Ian_Willoughby Your native Ireland have less historical experience with totalitarian policies, censorship and big brother practices so it's less likely to be aware of them coming from the EU. All in the name of increasing public wellbeing obviously.

Will someone tell me why the Czechs are so unenthusiastic about the EU? In my native Ireland many genuinely appreciate that the EU paid for the motorways, etc. Here this sentiment is relatively rare.

@parthiacapital @Europarl_EN They've done quite ok over the past 5 years.

@Europarl_EN A divided EU cannot survive in the current geopolitical reality where giants like the US and china are the main players. Individual EU countries do not have the manpower nor the capacity to keep up.

62% of Europeans believe their country's EU membership is a good thing, according to the European Parliament’s latest Eurobarometer survey. Learn more: link.europa.eu/kbPyBC

@Ian_Willoughby Irish : Paid to grow a milk lake. Waste all money given to them. Worship Germany. Czechs : Visa free travel. Continue to only go to Croatia. Remember Germany.

@DakdaR22 And yet she allow one of Putin's superyachts to be extended in Italy. It's sick.

"I'm convinced that Ukraine will win, recover even stronger, more prosperous. The future of Ukraine is the future of peace and freedom." -Giorgia Meloni Prime Minister of Italy Wow, she is awesome ☺️👍

@RobertFicoSVK @eucopresident By your logic, any country can invade Slovakia, and you would surrender unconditionally.

SLOVAKIA WILL NOT BE PART OF PLANS THAT ONLY PROLONG SUFFERING AND KILLING. At the upcoming European Council, I will not support any solution that would finance Ukraine’s military expenditures. 💬 Letter to the President of the European Council, António Costa @eucopresident, regarding the proposals of the @EU_Commission to secure Ukraine’s financial needs for the years 2026–27, including the use of frozen Russian assets.

@flyingstocksman @Financial_Orbit But GE is just one division of itself back in 2000

@Financial_Orbit #GeneralElectric has given a succession of sells on our system since 2000 & has gone back into sell on the #OilPriceWar /#coronavirus sell-off. See chart. Key: above the cloud "In Buy" below "In Sell". #SP500 #NYSE #trading #investing #stocks #COVID19 #COVID2019 #coronavirus $GE

Just what $GE's debt holders / banks wanted to hear "GE finally closes $20B Biopharma sale seekingalpha.com/news/3557071-g… "

@hamptonism full talk + interview for anyone else interested youtu.be/lO0KH-TgvbM?si…

@ErikVoorhees So if I have a "Per diem", I really have a "per per diem". Gotcha

Since word is getting out, wanted to start clarifying what this DIEM thing is all about... - The Venice token $VVV has always granted stakers free inference on the Venice API (private/uncensored generative AI, text and image) - The amount of free inference received was determined by the capacity supply divided pro rata among all stakers on any given day. This amount naturally fluctuates, which made it difficult for stakers to plan long-term. - Separately, our number one request from VVV stakers was the ability to tokenize their compute access so the *credit itself* could be traded... this is understandable since the a VVV holder is not always an API user. - To address both the fluctuation of compute issue, and the desire from stakers to be able to sell their compute access, Venice is *tokenizing the compute itself* into a token called "Diem" - DIEM (latin for day or per day) will grant $1 per day of Venice API credit. If you have 10 of them, then you get precisely $10 of usage every day. This solves the planning issue. - As a token (on @base), DIEM will allow AI compute to be directly tradeable. This solves the request by stakers to trade their access to those using it. - DIEM will be minted exclusively from $VVV, which locks the VVV until the same amount of DIEM is burned again. - The amount of VVV required to mint 1 DIEM is determined by a novel "mint curve." This sets a natural asymptote on DIEM supply (required since each DIEM is a liability of Venice). When more DIEM is minted, the rate to mint another one increases. When DIEM is burned, the rate to mint another one decreases. - A natural equilibrium will thus emerge, based in any moment on the demand for free inference from Venice's API relative to the price of $VVV and the current mint rate. - All else equal, higher demand for private and uncensored AI inference from Venice will lead to higher DIEM price, and thus higher VVV price (because each VVV can now mint a more valuable asset) - As an asset that grants access to $1/day of a resource (AI inference), DIEM can be valued with various Perpetuity Value formulas (what's an asset worth if it gives me $1 every day?) - We believe this is a novel token design, in which two connected tokens exist, one of which has an unbounded trading range (VVV has no obvious min or max reasonable price), and the other of which has a clearly bounded trading range (DIEM can be properly valued with Perpetuity formulas). For the crypto econ nerds, it may be fun to study how this works and see what interesting relationships emerge. - We'll convey more details via @AskVenice soon, and we expect the upgrade to happen this month. The upgrade will also reduce the $VVV emission rate (inflation) by roughly 1/3.

@adamtaggart 2. Live somewhere where you can escape bankruptcy in a year (like the UK)

A smart, scrappy freshly-minted high school graduate has asked to sit down with me tomorrow to "teach them about money" I'm working on my material now. Trying to keep it essential & practical; yet fun & not-too-complex. What would you include in such a 1-hour wisdom transfer?

@adamtaggart 1. Marry someone rich.

@AndeljVan @robin_j_brooks What's going on with Belgium ... 😲

@robin_j_brooks France can be seen as a copycat, in behavior. The combined debt of France and Italy with future budget deficits is unsolvable for the Eurozone.

For the ECB, a debt crisis in Italy would be very difficult to deal with, so it's easier to introduce things like the anti-fragmentation tool TPI, a mechanism to cap yields when they go too high. But this has a cost: out-of-control fiscal deficits in Italy with no end in sight.

@ZdenekHrib I see it 2morrow. This is fantastic. Look at my native country, Ireland. Much higher real income per person, and yet only 2 tram lines in the entire country, no trolley buses, and not even a hint of a plan for even one metro line. @Dept_Transport why can't you do like Prague?

Stavíme novou linkou pražského metra po víc jak 40 letech! Naposledy se totiž zahájila stavba nové linky v roce 1979. Jednalo se o linku B. V současnosti tak řídíme největší stavební projekt v celé zemi! 👍

@brittany_shrode @FT Excellent phrase !

BlackRock, the world’s largest asset manager, is to tell staff that its roughly 1,000 managing directors globally will be expected to work from the office full time, according to two people familiar with the plans. BlackRock declined to comment. on.ft.com/3EXmLSN

@laninstar22 @FT No, it's saying that hybrid doesn't work. Simple. Don't over think it

BlackRock is requiring ~1,000 global managing directors to return to the office 5 days a week. This isn’t just about culture. It’s structural. In 2023, the firm moved to a 4-day in-office policy. This update applies only to MDs—the top leadership tier responsible for ~$10T in AUM. What changed? • Market volatility (rates, inflation, tariffs) • Regulatory pressure (ESG backlash, fund governance) • Strategic drift from distributed leadership Why now? Because visibility and immediacy now matter more than flexibility at the top. This is about control, clarity, and coordination under pressure. BlackRock isn’t alone. JPMorgan, Goldman Sachs, and others have made similar moves. But this one sets a precedent across asset management. It’s not a rejection of remote work. It’s a recalibration of what senior presence means when markets turn hostile.

@RayDalio What about when the guy who worked for you sexually harassed someone, and there was no material consequence.

While it's easier to avoid confrontations in the short run, the consequences of doing so can be massively destructive in the long term. It's critical that conflicts actually get resolved--not through superficial compromise, but through seeking the important, accurate conclusions. In most cases, this process should be made transparent to relevant others (and sometimes the entire organization), both to ensure quality decision making and to perpetuate the culture of openly working through disputes. #principleoftheday

@CEOAdam 2 that's about 2 decisions a year per couple. I wouldn't call that booming ...

Netflix’s Ted Sarandos foolishly labeled giant screens in movie theatres “outdated” and praised seeing movies on small screens at home. Of course he’d say that, that’s the product he sells. But last year, Americans went to theatres 600 MILLION TIMES. And now, cinemas are booming.

Performance: sectors/indexes yesterday and YTD

@TheKARRATeKid @elerianm You've completely missed the point ....

@elerianm Come on. Inflation is falling like a rock.

Quite a print for US consumer sentiment: The index for overall consumer confidence dropped from 64.7 in February to 57.9 in March, the lowest level since November 2022. The forward-looking component declined to 55.4. Even more striking, the expectation for inflation over the next year surged to 4.9%. For the next 5-10 years, it rose to 3.9%, the highest level in more than three decades. #economy #growth #inflation

@PandemicRespon4 Where does opinion fit with your algorithm ...

@elerianm feels like stocks should correct more. Don't believe in this bounce, but it is just my opinion and it is very local and tactical, not strategic. #stockmarketcrash

@JeffW008 Nonsense. I read your bio. Now not surprised. #smh

@elerianm Dems propaganda.