▫️ John Bogle Warned Three Firms Would Control the Whole Stock Market.
He put the figure at more than 30 percent, and called it against the national interest.
Latest
▫️ Washington Is About to Make the Stock Market Almost Never Close.
NYSE Arca has already been cleared for longer hours and Nasdaq has a proposal out for comment.
Coming soon
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▫️ Berkeley Lab Counted the Power Projects Waiting to Reach the Grid.
About 8,200 of them, and the median wait to switch on now runs past five years.
▫️ The Census Bureau Says 2034. Almost Nobody Is Acting on It.
That is the year Americans over 65 are projected to outnumber children under 18.
▪️ The Treasury Made an Announcement Wednesday. Gold Noticed Immediately.
Wednesday alone carried a 4.15 percent move, the largest single session of the summer so far.
▫️ The Senate Called Its Final Report "Crisis Averted." Others Called It Waste.
Most documented domestic incidents turned out to be minor, localised and over within hours.
▫️ The SEC Took Three Months to Work Out What Broke the Market.
At the low, nobody in the entire market would put up $25 million to buy it at a discount.
▫️ Someone Can Legally Drill Your Land. You Get a Letter First.
A 1993 amendment requires notification before entry and gives the landowner no power to refuse.
▫️ America's Nuclear Command Ran on Floppy Disks Until 2019. Ask Why.
A 1970s IBM computer handled functions for missiles, bombers and tankers, and replacing it kept losing.
▫️ Every Industry Gets Cheaper With Scale. Mining Does the Opposite.
Theodore Wright measured the same effect in aircraft in 1936, and it still describes new technologies.
▪️ Eight Ships Crossed Hormuz in a Day. Before the War It Was 130.
Americans spent $763.6 billion in July, and equities finished the week almost exactly where they started.
deep dive
▫️ One Rocket Booster Has Flown Thirty-Five Times. Nobody Priced That In.
Divide the same hardware cost across thirty-five flights and every number downstream of it reprices.
deep dive
▫️ Nobody Warns You About the First Five Years After the Salary Stops.
Selling into a fall in year two removes capital that would have compounded for the next twenty.
deep dive
▫️ A 1996 Commission Found 1.1 Points of Bias. Everything Changed.
The largest component is what homeowners estimate their own houses would rent for, not a payment.
deep dive
▫️ The Date Nobody Reads Is Where Control Changes Hands.
That debt financed the Napoleonic wars and the Irish Distress Loan before it was finally repaid.
deep dive
▫️ Data Centres Drank 17.4 Billion Gallons in One Year. Nobody Priced It.
Projections put direct consumption between 38 and 73 billion gallons by 2028, concentrated in a few dry states.
weekly review
▪️ The Fed's Case for September Just Weakened. Gold Moved First.
The labour force shrank by 264,000, which is the only reason the rate could fall at all.
deep dive
▫️ America Had 8,000 Listed Companies. It Has Half That Now.
Failures and takeovers cut the American listed universe roughly in half between 1996 and 2012.
deep dive
▫️ Foreign Governments Keep 6,331 Tons Under Manhattan. Under Whose Law?
American exports to Iran went from $3.7 billion to $23 million in a single year.
deep dive
▫️ Washington Guaranteed $110 a Kilogram for Ten Years. Ask Why.
A contracted floor turns a cyclical miner into a borrower that banks will finance for a full decade.
deep dive
▫️ The Deposit Never Got Smaller. Your Share of It Did.
Every financing round issues new shares, and each one reduces the fraction of the asset you already hold.
deep dive
▫️ Your Servers Now Last Six Years. Nobody Told the Servers.
Equipment ages at a physical rate, while the schedule that writes it down is set by management.
weekly review
▪️ Inflation Has Been Above Target for Five Years. The Fed Just Blinked Twice.
The gap between two giants reporting in the same week is the real story of this earnings season.