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Created
Tue, 21/10/2025 - 00:41
Ben Bernanke got the job as Federal Reserve Chairman because he marketed himself as the expert on The Great Depression. But he wasn’t the expert on The Great Depression itself: instead, he was an expert on explanations of The Great Depression that were consistent with mainstream economic theory. The only explanation that was consistent with […]
Created
Tue, 21/10/2025 - 00:03
Most modern weapon systems require rare earths to manufacture, including expendables like missiles and drones. Rare earths are less mined than they are refined, and China controls over 90% of the refining capability. Rare earths are generally found in small amounts in other ores. For example, Gallium in Aluminum. To get Gallium, you have to […]
Created
Mon, 20/10/2025 - 23:00

“Elijah Clark, a consultant who advises companies on AI implementation, is blunt about the bottom line. ‘CEOs are extremely excited about the opportunities that AI brings,’ he says. ‘As a CEO myself, I can tell you, I’m extremely excited about it. I’ve laid off employees myself because of AI. AI doesn’t go on strike. It doesn’t ask for a pay raise.’” — Gizmodo

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Hi team,

Happy Taco Tuesday, and blessed Q3 Hustle VibesTM from your CEO, Rockin’ Rickie.

Created
Mon, 20/10/2025 - 20:07

Silvia Federici’s 1975 essay, ‘Wages Against Housework’, begins with a problem. Many women, Federici writes, are reluctant to support a campaign for housework to be waged, despite all they stand to gain from such a cause. Wages are not an obvious good; women discuss waged housework with difficulty and hesitation. But this hesitation often speaks […]

Created
Mon, 20/10/2025 - 11:30
The market for futures on Australian Government Securities (AGS) is one of Australia's key markets for trading interest rate risk, and turnover in AGS futures is substantially greater than turnover in AGS themselves. We examine liquidity in the market for futures on AGS using granular 'tick-level' data that captures trades and changes at the top of the order book from October 2019 to June 2025. We find liquidity deteriorated at the onset of COVID-19 and around the end of the RBA's yield target. Nevertheless, the market for AGS futures functioned well in the period, with market participants always able to transact (albeit sometimes at higher transaction costs). For 'news' events in the period – such as monetary policy decisions and economic data releases, which are inherently uncertain – we find liquidity tended to deteriorate briefly following these events but recovered before day's end. By contrast, for 'flow' events – such as pre-announced purchases and sales of AGS, including syndicated issuance – we find liquidity improved in anticipation of these events and smooth trading conditions were maintained.
Created
Mon, 20/10/2025 - 05:01
Week-end Wrap – Political Economy – October 19, 2025 by Tony Wikrent Trump not violating any law ‘He who saves his Country does not violate any Law’ Trump Stuns By Saying ‘I Don’t Know’ When Asked Directly NBC’s Kristen Welker ‘Don’t You Need to Uphold the Constitution?’ Joe DePaolo, May 4th, 2025 [mediaite.com] Are We […]