After last year’s heatflation comes this year’s sogflation.

There will be many more extreme weather events to come. We need a new kind of emergency economics to avoid erratic cycles of shocks and sellers’ inflation.

ICYMI - A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain.

August power prices for Dallas have jumped to $168.70 a megawatt-hour, the highest level in five years for this time of the year, and an 82% premium…

Good morning from Pablo and his spring garden.

NEW ODD LOTS:

The separate real estate market that's just for the ultra rich.

Tracy Alloway and I spoke to Hiten Samtani about the market for insanely $$ homes in places like Miami, Dubai, NYC, where prices got completely disconnected from the local market. bloomberg.com/news/articles/…

There are few who know more than baufinanciaphaster 👹 about the yen, the MoF's mechanisms for signaling intervention or Japanese institutional flows.

Great thread

BONUS ODD LOTS

AN EX-CIA OFFICER EXPLAINS HOW TO SPOT A LIE IN BUSINESS

Joe Weisenthal and I first heard about Phil Houston from billionaire Brad Jacobs, who said that he works with the former CIA polygrapher as part of his due diligence for potential acquisitions.

So we invited…

Why did so many hunter gatherer groups around the world nearly-simultaneously and in an unconnected way develop agriculture?

This has been a kinda problematic question in human prehistory.

It may have been solved... by an economist?

Studying the economics of... Earth's orbit?

Our Josh Wolfe joined Tracy Alloway & Joe Weisenthal on Bloomberg's Odd Lots podcast 🎙️ to talk about the next wave of cutting-edge tech for:

🤖 AI in the physical world aka robotics
🧪 AI x bio
🛠️Maintenance technologies

bloomberg.com/news/articles/…

NEW ODD LOTS

Joe Weisenthal & I speak to Lux Capital’s Josh Wolfe about when we’re gonna see a ChatGPT moment of robotics, and what excites him in AI and tech right now.

bloomberg.com/news/articles/…

BONUS ODD LOTS:

Tracy Alloway and I talked to Richmond Fed President Tom Barkin in Mt. Airy, NC about his macro outlook and why he's not too worried about the hotter-than-expected inflation prints we've seen so far in 2024.

bloomberg.com/news/articles/…

There’s a brewing crisis in the semiconductor supply chain that no one is talking about.

For years, the race we all hear about is to lower and lower node sizes. China (SMIC) decided that competing on this was a fools errand.

They are currently flooding the market with 28nm…

NEW ODD LOTS:

AMLO's Legacy And Mexico's Upcoming Election

Tracy Alloway and I had a great conversation with Bloomberg's Andrea Navarro about the successes and failures of AMLO and the challenges his likely successor Claudia Sheinbaum will face bloomberg.com/news/articles/…

NEW ODD LOTS:

How American Workers Got Hooked on Adderall

Tracy Alloway and I had a blast getting to talk to danielle carr about what this popular drug actually does. And the historical and market forces that turned it into a workforce staple. bloomberg.com/news/articles/…

personal spending on books

Nothing like a good ol' `from now on we'll be a completely different company'

Odd Lots trip to Waffle House

Hulk is not wrong.