(Expanded from May 12, 2025)
"We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous."
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U.S. yields start the day lower, with the 2Y down 4bps back at 5% and the 10Y down 6bps at 4.26%, both back to where they were pre-SVB (reme...
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We spend endless time debating the Fed’s neutral rate. Much less time asking whether the government can afford it. Enter Fiscal r-star : t...
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The final days of August are upon us with a week that ends with a Jobs/ Payrolls Friday report. Before we get there 2Y is up over 4bps to 5....
Edward Quince's Wisdom Bites: Low Ego
Nas closes his masterclass with a lesson on temperament: “The liquidity is high, but the ego is low / Light years ahead of where the paper u...
Riffing on "True wealth includes autonomy, meaning, and peace":
ReplyDeleteThe result of authentic humanistic capitalism is the preservation and elevation of the dignity of each human affected by the company: employee, manager, investor/shareholder, client, customer, supplier, service provider, business partner, local community, and global community.
From Dr. Andrew Abela:
ReplyDeleteResearch shows, beyond any doubt, that the kind of capitalism that doesn’t pursue profits directly is more profitable than the kind that does! But you all run companies, and you know this is true. Because people prefer to work for, and do business with, people who treat them as human beings, rather than just a source of profit.
And I think this is generally recognized. Which do you think are the most distrusted institutions in our country right now: Congress, then major TV media, then Big Business.
And which do you think is the most trusted? Small business.
Why do so many companies pursue the bad kind of capitalism - especially as they get bigger - seeking profits ahead of serving customers and employees?
https://open.substack.com/pub/superhabit/p/socialism-private-property-and-virtue?utm_campaign=post&utm_medium=email