*The modern definition of superposition smuggles in simultaneity without a defined clock* View quoted note →
ProEnergy buys and overhauls used General Electric CF6 engines, a type used in commercial airliners, and adapts them to drive a generator rather than produce thrust. A shortage of gas turbines could cause problems for datacenter developers as the alternatives for on-site power generation are diesel generators, or more exotic solutions such as fuel cells or colocating facilities with wind farms. Some have suggested small modular reactors (SMRs) as another solution, but these are not likely to be ready before the end of the decade Grounded jet engines take off again as datacenter generators • The Register
Grounded jet engines take off again as datacenter generators
: AI power demands drive operators to repurpose aircraft parts amid gas turbine shortages
“This week’s European Council summit is an extremely relevant milestone towards an ambitious EU response to the housing crisis — the main source of social inequality in Europe,” Collboni told POLITICO EU finally takes ownership of housing crisis – POLITICO
EU finally takes ownership of housing crisis – POLITICO
*the slop itself is already fusing with our alphabet*
Stacker News
The slop is winning - Charlie Warzel \ stacker news ~AI
This is not a rewriting of history as much as a DDoS-ing of it—flooding the zone with so much synthetic crap that engaging with reality and human...
*Average UK monthly private rents increased by 5.5%, to £1,354, in the 12 months to September 2025 (provisional estimate); this annual growth rate is down from 5.7% in the 12 months to August 2025.* Private rent and house prices, UK - Office for National Statistics
Private rent and house prices, UK - Office for National Statistics
The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house pri...
*Decentralization without conviction is just distributed compliance* View quoted note →
*Nowadays everyone tracks liquidity cycles, but I've never seen anyone explain why liquidity is cyclical to begin with. This is a dark rabbit hole and deserves its own post. TL;DR: You keep liquidity cyclical because cycles are the cheapest way to discipline leverage, migrate users onto programmable rails, and entrench policy-grade vendors - without risking a consent crisis. Cycles govern behavior at lower cost than constant repression. A steady state would entrench incumbents you don't choose. Cyclicity lets you re-select winners every turn.* View quoted note →
*So shocking is the one-dimensional chess Western leaders are playing that it raises serious doubts about their appraisal of China’s economic, geopolitical, and military might* 90% of the Law The Nexperia affair and the sobering incompetence of Western leaders Doomberg
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The grossly underestimated hedge fund bid for Treasuries Recent Federal Reserve research has found that hedge fund demand for U.S. Treasuries—especially among funds domiciled in the Cayman Islands—has been grossly underestimated by official data, missing as much as $1.4 trillion in holdings as of the end of 2024[1][2][3]. This underreporting centers on hedge funds’ activity in the so-called “basis trade,” a leveraged strategy in which funds buy cash Treasuries and simultaneously sell Treasury futures to exploit small pricing discrepancies, relying heavily on repo borrowing[3][4]. ### The Basis Trade and Data Gaps - Treasury Department cross-border data, particularly the TIC (Treasury International Capital) reports, have failed to capture the true scale of hedge fund activity, especially for funds registered in the Cayman Islands, which dominate the basis trade[1][2][3]. - According to Federal Reserve analysis of fund regulatory filings (SEC Form PF), Cayman-domiciled hedge funds increased their Treasury holdings by about $1 trillion from 2022 to the end of 2024, reaching around $1.85 trillion[3]. - The official statistics, therefore, vastly underestimate the market impact and systemic importance of these hedge fund activities[1][2][3]. ### Implications for Treasury Markets - Hedge funds’ participation is no longer a marginal factor—they now constitute a substantial portion of Treasury market liquidity, especially in the most liquid on-the-run issues[4]. - Because these trades are highly leveraged and sensitive to repo market conditions, periods of market stress can force rapid unwinding, contributing to market fragility and necessitating central bank intervention—as seen during March 2020[4][5]. - Regulators remain concerned that this concentration of leveraged exposure could magnify systemic risks, especially as the overall supply of Treasuries is projected to rise sharply in coming years[5]. ### Why Accurate Measurement Matters - Since hedge funds’ basis trades are conducted cross-border and via offshore entities, regulatory blind spots hinder policymakers’ ability to assess financial stability risks[1][2][3]. - Better transparency would help authorities anticipate and possibly mitigate destabilizing liquidity shocks stemming from abrupt deleveraging by hedge funds in times of volatility[5][4]. In summary, the true scale of hedge fund demand for Treasuries—especially via leveraged Cayman Islands funds—is now recognized to be far higher than previously captured in official data, with significant implications for market stability and regulatory oversight[1][2][3][4][5]. Citations: [1] Official data dramatically underestimates hedge funds' ... https://www.morningstar.com/news/marketwatch/20251016188/official-data-dramatically-underestimates-hedge-funds-involvement-in-the-treasury-market-fed-paper-finds [2] Official data dramatically underestimates hedge funds' ... https://www.marketwatch.com/story/hedge-funds-use-of-controversial-leveraged-trade-is-missing-from-treasury-data-fed-paper-finds-46be1e18 [3] The Fed - The Cross-Border Trail of the Treasury Basis Trade
The Cross-Border Trail of the Treasury Basis Trade
The Federal Reserve Board of Governors in Washington DC.
 [4] Leverage At The Core: How Hedge Funds Are Reshaping The US ...
Global Financial Market Review
Leverage At The Core: How Hedge Funds Are Reshaping The US Treasury Market
Global Financial Market Review: Find news about hedge fund, banking, markets,b insurance, forex, world, commodities, technology and many more at ww...
 [5] Central Banks should backstop hedge funds arbitraging the ... https://www.fi-desk.com/central-banks-should-backstop-hedge-funds-arbitraging-the-basis-trade-new-brookings-paper-suggests/ [6] U.S. Treasury Market Structure
Managed Funds Association
U.S. Treasury Market Structure - Managed Funds Association
Treasury markets are essential to the economy. Policymakers must make thoughtful modifications that minimize any negative, unintended consequences.
 [7] Hedge Funds and the Treasury Cash-Futures Disconnect 📄.pdf [8] Treasury Market Dysfunction and the Role of the Central Bank* 📄.pdf [9] How Hedge-Fund Bets Against US Treasuries Could ... - IG
IG
How Hedge-Fund Bets Against US Treasuries Could Cause a Global Financial Crisis
Could massive hedge-fund exposure to US Treasuries precipitate another global financial crisis?
 [10] The Fed - Quantifying Treasury Cash-Futures Basis Trades
Quantifying Treasury Cash-Futures Basis Trades
The Federal Reserve Board of Governors in Washington DC.
 Perplexity AI