interests: space, monetary policy, creators, tiktok, bikes
Writing + YouTube: http://kyla.substack.com
- 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.
Full pod is on guy debord and its just incredible