The post notes that stock prices have fallen this year, yet public sentiment increasingly warns of a bubble, which the author finds contradictory and illogical.
The United States has become the world's largest natural gas exporter, driven by the Shale Revolution's fracking and horizontal drilling technologies. A new NBER paper by Lucas W. Davis estimates this shift saved Americans between $3.1 trillion and $4.3 trillion from 2007 to 2025, or roughly $500 to $700 per person annually.
Coinbase announced that US traders can now access global crypto perpetual futures and options markets, which previously excluded them from about 80% of the market. Coinbase is the first regulated platform to offer this access, including Deribit options. The company thanked the CFTC for enabling the regulatory approval.
A new NBER working paper proposes that interest rates may explain the apparent disconnect between consumer sentiment and traditional economic indicators, suggesting that rising borrowing costs have weighed on consumer confidence despite a strong labor market and GDP growth.
A website called "Epstein Index" tracks the stock performance of companies linked to Jeffrey Epstein, showing a cumulative return of 2,563% since his 2008 conviction, compared to the S&P 500's 609% gain over the same period.
A tweet promotes a podcast episode with Paul Graham and Jessica Livingston discussing what has made Y Combinator resilient for over 20 years, using the analogy that biosphere trees grown without wind grow tall but fall over—no stress, no strength.