Good enough, welcome back Harry Dubois
07.03.2026 04:30
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Good enough, welcome back Harry Dubois
I once saw a bank put « nuclear warhead detonating on our headquarter » as a reverse stress test.
They concluded by « no recovery possible » and just moved on.
Their only benchmark that matters is the fresh bacon index. The rest is just speculation
not like anything important happens in Chicago commodities and futures trading wise
I discuss the interoperability of tokenised e-money extensively here and a lot the framing would be the same for tokenised securities . Central bankers and academics like it, so it’s probably too backward for people working in DeFi.
Many say Trump has no objective in Iran. I’m no expert, but maybe the point is the display of power: Venezuela, Iran, Greenland, Cuba, and defying US internal checks.
By that logic, even unchallenged (both militarily and diplomatically) carpet bombing is a success in itself.
Cool, good luck!
Misquoting Orwell is the perfect end to her tenure
The Apprentice: Tehran.
So it wasn’t automatic air defence messing up. It was one guy alone who saw his buddies, shot 3 missiles and destroyed 3 aircraft.
Must have been awkward after landing.
Mental model of a Dubai resident.
You may not like it but this is what peak performance looks like.
Can Cuba also sleep soundly for now?
if you make an NFT of your container and it sinks to the bottom of the Straight of Hormuz you still have your NFT
Significant military operation.
Reminds me that in the early 2000, the US army developed and published a series of first-person shooter video games as a recruitment campaign.
‘British expats, he claimed, were refusing to fill out evacuation forms provided by the British government “just in case it somehow turns into a tax form instead”.’
No notes.
as.ft.com/r/65cf2b43-6...
Traditional central banking theory holds that the central bank is the bank of the state and public administrations, yet the city of Frankfurt, which hosts two central banks, banks with the local Sparkasse.
Every day I expect them to say : we will buy treasuries until we reach 100% of our liabilities and then do our private equity stuff in another entity like any boring emoney issuer and every day I am stunned.
Are we 100% sure the regime itself actually wants the regime to survive? This seems idiotic
There are dumb things in crypto, but Tax authority posting its recovery phrase in press release is probably a top 10.
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Oh interesting
Well
The 1988 film Rambo III ends with a dedication, but the widely circulated quote "This film is dedicated to the brave Mujahideen fighters of Afghanistan" is actually an urban legend. The original, official ending credit reads"This film is dedicated to the gallant people of Afghanistan".
We know where this is going.
I have serious doubts this can go through on a short term (if ever) for the same reasons as stated below but we will see
Takes time just to calculate the risk premium, underwrite, have lawyers on both sides to analyse, ask questions, go for board approval…
You cannot do blanket coverage by fiat. DFC can underwrite risk insurance but will need to be on a carrier by carrier basis and will come with a risk subsidy calculation.
No serious shipper will take “trust me bro, this is legal” when they’ve got crews and hundreds of millions in cargo endangered.
