Open: 0.0 Close: 0.0 Change: 0.0

Today's Summary

the aggregate credit limit rose by $60 billion in Q1 from Q4 to a record $5.5 trillion (gray arrow) third-party collections wobble along at record lows. the percentage of consumers with third-partie collection entries on their credit reports has been creeping along rock bottom for over three years.the real question is how much deflation will our banking/corporate overlords allow?typecheck says: May 23, 2026 at 5:31 pm Dont I wish I bought my house at the bottom. my next door house was sold short for 400K in 2009. the housing market is turning into what we see in Europe where prices are rather high in most places.the Fed preferred inflation measure is not CPI, but the PCE Price index. he would look at ALL inflation indices to see trends of underlying inflation (cooling v accelerating) and thats probably a good idea too. but he didnt even suggest that.interviews with mario nawfal & coffee and a mike – peak prosperity. join start Here Community Take Action Peakmicron could make 100b in proftmit which justifies a 1 or 2t market cap. if the bottom falls out you cancel the long term contract and pay the penalty or get sued. it could go down to 15 in a pessimistic market.skeptics are predicting that all of these companies will eventually have to drop the subscription model and go to token-based billing.the worst FED chair in history, worse than Burns. he was the most dishonest chair, continually touting a 2% inflation target while seeking 3-4%.a new BS is increasing by $20-40B a month.esop: inflation adjusted requires that you specify a year as your baseline. inflated is a currency, not an asset with a price in dollars. but you can adjust assets and consumer items to inflation.if the market is little disturbed, FED starts fearmongering.total separations – voluntary or not – have been very low. they plunged in April to 4.98 million, the lowest since the lockdown months. the three-month average dropped to 5.13 million, and has been in this range since November.a u.s. IPO for Fannie and Freddie looks even more unlikely.80,000 Hours is the random walk down wall street of career advice. explore, build rare and valuable skills, point them at a meaningful problem, and passion will follow rather than lead.the political right continues to gain ground in latin america - marginal revolution. no candidate won outright in the first round of voting on Sunday. any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice.property in many countries, buying a home abroad gives an investor ownership of the asset, but no automatic permission to live there long-term.he wrote about his family and their issues with money. his kids probably have healthier finances than his kids, he says. he also wrote about how to calculate how much money you need.a Vanguard study said that for people who have behavior issues, its worth paying half a percent or 1% to somebody if it prevents them from making 3 or 4% in errors. the answer is, its not 7 or 8%, its closer to subscribe share 1 In fact, this is the twist in one of my favorite sci-fi books. but I wont tell you which one it is, because that would be spoiling it. reading sci-fie really helps you think about the big questions.subscribe 2026 Noah Smith Privacy Terms Collection notice Start your substack Get the app Substick is the home for great culture.a second is the idea of induced demand. either from income effects (AI makes us richer so we buy more stuff) or from complementarities. this often goes by the name of jevons Paradox.the question is: Is it just politics and PR? there are plenty of AI researchers and entrepreneurs who will keep quietly believing that AGI is going to make humans obsolete. theyve heard (and repeated) this line for too many years to