10 Thursday AM Reads
My morning reads: • What Are Bond Markets Telling Us? Interest rates are up — but don’t panic: I have a message for future policymakers: Don’t let the usual suspects undermine your policy agenda by scaremongering about interest rates and government debt. I say future policymakers because in the United States there is no point in offering… Read More The post 10 Thursday AM Reads appeared first on…
My morning reads:
• Interest rates are on the rise, but the bond market should not cause alarm. Paul Krugman warns against policymakers being swayed by fearmongering about rising interest rates and government debt. He notes that long-term government yields in many countries have returned to levels last seen before the 2008 financial crisis.
• The ultrawealthy are avoiding a tax-aware long/short strategy, causing Wall Street firms like Schwab and Fidelity to miss out on potential billions in assets. This strategy may be too good to be true despite its popularity among the wealthy elite.
• Long-term Treasury Inflation-Protected Securities (TIPS) yields have risen to 3.0%, mirroring a similar rate in late 2008. While this may seem attractive, such high yields may not last long, so investors should consider buying TIPS now before rates fall again.
• Elon Musk's attempt to rebuild the United States' air traffic control system with his DOGE project has led to the rise of Peter Thiel's Palantir to take over. This development has disrupted over 1,100 flights across a large geographical area.
• Music on demand has become a common feature in modern apartments, reminiscent of Edward Bellamy's 19th-century vision of "the limit of human felicity." However, fewer people are using em dashes and words like delve and tapestry in their writing, possibly due to AI-assisted writing tools.
• Text detection systems developed by Anthropic for its Claude models are causing controversy over their imperceptibility and potential to change the meaning, quality, or readability of the content.
• License-plate cameras are being destroyed as part of a growing backlash against surveillance. The Washington Post reports that activists are using bolt cutters and spray paint to dismantle the cameras, which have been targeted online through videos and guides.
• A recent Census Bureau report claiming widespread noncitizen voting in the United States has ties to a Trump-aligned think tank, NPR has discovered. The analysis was not conducted by Census Bureau career employees, but rather by individuals affiliated with the America First Policy Institute, a group started by Trump's administration officials.
Written by urgent.news from The Big Picture's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
