I suspect that the US having better investment opportunities than other countries (tech companies for example) might be more important than reserve currency status.
People tend to pay more attention to trade than investment, but investment flows are just as important. A trade deficit often means that foreign investors are buying and a trade surplus goes along with people investing in foreign countries.
I'm glad he found interesting people to follow, but since he didn't make any recommendations, it's not really actionable for anyone else. They would be starting from scratch. Results will vary.
> The situation on the Rhine/Danube frontier was complex. The peoples on the other side of the frontier were not strangers to Roman power; indeed they had been trading, interacting and occasionally raiding and fighting over the borders for some time. That was actually part of the Roman security problem: familiarity had begun to erode the Roman qualitative advantage which had allowed smaller professional Roman armies to consistently win fights on the frontier. The Germanic peoples on the other side had begun to adopt large political organizations (kingdoms, not tribes) and gained familiarity with Roman tactics and weapons. At the same time, population movements (particularly by the Huns) further east in Europe and on the Eurasian Steppe began creating pressure to push these ‘barbarians’ into the empire. This was not necessarily a bad thing: the Romans, after conflict and plague in the late second and third centuries, needed troops and they needed farmers and these ‘barbarians’ could supply both. But as we’ve discussed elsewhere, the Romans make a catastrophic mistake here: instead of reviving the Roman tradition of incorporation, they insisted on effectively permanent apartness for the new arrivals, even when they came – as most would – with initial Roman approval.
You can ask an LLM to write benchmarks and to make the code faster. It will find and fix simple performance issues - the low-hanging fruit. If you want it to do better, you can give it better tools and more guidance.
It's probably a good idea to improve your test suite first, to preserve correctness.
The company that paid the tax gets their money back. Whether they decide to make any refunds to their customers is up to them. A few companies have said they would.
This is no different from any other cost. Their cost of goods is lower in retrospect than they thought it was, so it will show up as a gain on their income statement.
What's the economic effect, though? One way to model a tariff that's later refunded is that it's sort of like if a cartel colluded to temporarily keep prices higher. Competition between firms often keeps prices close to costs, but this wouldn't be true for a monopoly or a cartel.
This seems be based on a survey, but there's no paper other than the article listed here, and the survey questions and statistics about answers don't seem to be available. So, I'm not sure what to make of it.
At a technical level, I don't believe they're specifically working on targeting anyone. They're providing a general-purpose API that Palantir is presumably using to build the target-finding software.
I imagine that's why the implementation got so far along before this blew up. Someone at Anthropic talked with someone at Palantir and they had a "you did what? Did you read the contract terms" moment, and that was after it went into production.
People tend to pay more attention to trade than investment, but investment flows are just as important. A trade deficit often means that foreign investors are buying and a trade surplus goes along with people investing in foreign countries.
reply