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the economy, writ large Subscribe now- Is the vibecession really over? in FT Alphaville - In This Economy? Kyla Scanlon’s NYC Offline SuperSeries So I read the Case for Pool Party Progressivism this week, and thought it was brilliant.
Full pod is on guy debord and its just incredible
- We can look at the difference between HYG and HYGH to parse out the relationship a bit more - HYG has credit risk and interest rate risk and HYGH has only credit risk (Jack Farley has a great thread on this and special thanks to him for sharing the below charts with me) - HYG (purple line) is down 5.08% and HYGH (purple line) is down 2.64%.
When money dries up, the vision needs to be crystal clear, memes can melt - in the excellent paper Manias and Mimesis by Tobias Huber and Byrne Hobart, they outlined how the meme (here a startup, but it applies broadly) dies: The cycle of a startup might look like this: - Someone has an obviously insane idea, like selling Basic to computer hobbyists in 1975 or selling books on the Internet in 1994.