@Morganhousel wrote a fantastic post yesterday outlining how each person’s trajectory is riddled with ‘flukes’. Humanity constantly evolves from a quagmire of possibilities and there’s very little merit in looking in retrospect. I think the likelihood of a successful forecast can only be enhanced if we work with the factors in the present – not…
Leave a comment if any of this doesn’t make sense. I’ll be more than happy to help. Over the last few years, I’ve been wanting to setup a comprehensive and secure ‘handover’ document for my family – In case I cease to exist. My key priorities were it should : be easy to update and…
Photographer Brian Skerry swims with killer whales and discovers these apex predators have unique cultures that aren’t that different from our own.
Overheard at NatGeo recently produced a great podcast on Orcas and I learnt about Tonic Immobility. Shasta was watching Octonauts and guess which episode she ends up watching? – The one in which they talk about TI. Now that’s some coincidence!
Since March 2020, I’ve had this internal debate of getting the Covid Vaccine mostly underlined by the following: The science behind mRNA is fascinating and so is the engineering of the vaccine Every strand of mRNA is made up of four molecular building blocks called nucleosides. But in its altered, synthetic form, one of those building…
So last April the Fed changed the rules and eliminated the six-withdrawal limit on savings accounts. It wrote:
The interim final rule allows depository institutions immediately to suspend enforcement of the six transfer limit and to allow their customers to make an unlimited number of convenient transfers and withdrawals from their savings deposits at a time when financial events associated with the coronavirus pandemic have made such access more urgent.
It was an obvious and nearly risk-free way to help people. Just let them have easier access to their savings.
But it changed the relationship between M1 and M2.
An interesting point on M1 and M2 [Measures of money]. With the signing of the 1.9T$ bill today in the US, we’ve essentially created 6T$ over the last 10 months. Just like that… Covid19 has brought unprecedented suffering to many. Deaths, Unemployment, Medical complications, lifestyle changes, Social unrest and several other ramifications which we are…