The US, a nation with unpredictable monetary policy, nearly $40 trillion in debt, and a debt-to-GDP ratio of 125%, is investment grade. A company with preferred shares 5x overcollateralized by pristine collateral and the hardest asset known to mankind is junk. We are so early. image
It's simultaneously dispiriting and exciting to witness the success of prompt engineer content creators in various niches. The generic AI slop voice justifiably annoys people. And yet, much of the same audience ironically mistakes its cringey syntax for elevated prose once it conveys substance. image