Entrepreneur
Kevin Warsh and Scott Bessent are not running a coordinated tag team. The Fed wants the long yield left as an honest reading, the Treasury wants it lower, and eight days after the hike the 10-year hit its highest level since 2007. … readTwo Hands on One Curve
China stepped out of the oil market this spring, but mostly by draining its stockpiles, not because of its EVs — and at the same time it held its diesel at home. Now it is stepping back in. … readThe Valve and the Tourniquet
The second electrification is not the whole revolution. It is the physical subdomain of intellification: the conversion of sensing, prediction, and decision into action in the world. … readElectricity Is How Intelligence Touches Matter