BIG NEWS: My book, The Land Trap, is coming out on Nov 4! I've been fascinated by this topic for years. The book tells the story of why land still occupies such a huge role in finance, economics and politics globally, and why that's a source of huge risk. You can preorder NOW!

The median distance Americans live from their mother is 18 miles

They built what they thought people wanted. You can build what people actually need. Use Articos and get user insights in 30 minutes before you waste 6 months building the wrong thing. Link in comment 👇

https://t.co/drLq6qc6ip

Nothing says "I'm reasserting the powers of the legislative branch" like a quote you give to a journalist on condition they don't use your name. You don't see that kind of stout moral leadership every day.

It is now just a week (1 week!) until the launch of THE LAND TRAP, my debut book. Very excited for a bunch of podcast appearances soon, and with the coverage in @FT and @dealbook so far. If you're interested, pre-orders are available now in the US, UK and overseas!

If you've been having a good day today and you'd like to instead be driven completely insane with rage, I'd strongly recommend watching some of the video linked below

In a couple of years, not having an AI deal with a frontier model builder or a chip manufacturer will be like having an Android phone. Your friends will drop you from group chats, your lovers will ghost you. You will be an unperson.

The White House is simply fulfilling the promise made to the American people, to take the threat of Indian and Brazilian abuse of the global trading system seriously.

Every day I speak to people who are more and more freaked out about the US stock market's rise (green), but non-US stocks in dollar terms (orange) remain pretty consistently 8-12 points ahead in year-to-date performance, and have done for six months now.

Lol: “I’m thinking about him for the Fed,” Trump said of Bessent in remarks to business leaders in Tokyo, before saying that he would not take the job because “he likes being at Treasury”. He then appeared to reverse course: “We’re not thinking about him really.”

Looking like a real nailbiter at this point, that's for sure

I argue on @TweetBenMax's show today that @ZohranKMamdani should use an obscure provision of state law allowing NYC to capture billions of land value created by new trains for new subway construction Nobody's gonna remember the fares thing if he starts building a couple subways

Your ancestors did an absolutely bang-up job making something taste sweet before sugar was easily available, and you can credit them for it without actually eating it. They'd want you to live a better life.

1. Almost all of the desserts served only around particular holidays (pumpkin pie, Christmas cake, mooncakes) are not good, or you'd eat them all the time 2. All desserts that existed before the emergence of the international sugar trade should just be consigned to history.

It's crazy that a lot of thinking about American capital markets and indeed the modern economy was based on the idea that these companies specifically had very lean balance sheets and that they didn't do real capital investment

The Economist special report published in June '05 contains essentially all of the evidence you would need (or that people now refer to) to understand there was a bubble.

I’m begging people to go back and read the contemporaneous reporting of the housing market from spring of 2005 to mid 2006. It was meticulously documented by the mainstream press how insane consumer behavior was, and how prices subsequently began rapidly declining.

One discovery on moving to the US is that however into Halloween you think Americans are, it's more than that.

Living in America in the run-up to Halloween is finally helping me to understand one of Fukuyama's bangers

Great podcast episode with @GitaGopinath here, on her time at the IMF, the future of multilaterals in a dangerous world, whether the Fund is getting its approach to Chinese imbalances right, and much more

Some of my friends still don't believe AI will be transformative, but 99.9% of the surprise WWE walk-on videos where Stalin is about to deliver the smackdown to Trotsky have only come into existence in the last few months. That's exponential progress.