mono442

Money comes from debt. Debt is essentially the way to print money.

The main purpose is definitely to supply the government with currency. Many countries put imo unnecessary restrictions on themselves and do not borrow directly from the central bank which would be simpler and cheaper.

Technically bond markets with fiat currencies are unnecessary but for some reason they still exist.

Isn't that because of the general decline in it job market? People were buying his books because they thought that they could have a positive return on that investment. That's no longer the case and so it's not surprising almost nobody wants to buy them. They aren't the type of books that are read for pleasure.

There is a coal power plant near me which in recent years I saw it running only during winter.

Open cycle gas turbines (which normally would be used to balance the grid when there's no sufficient renewable generation capacity available) operate at around 30 - 40% efficiency. At low temperatures heat pumps lose efficiency too. It can turn out worse than burning natural gas directly for heating.

They have to rapidly pivot into AI because their IDEs will soon no longer be needed because less and less people are writing code by hand but I don't think it will be successful.

EVs are a minority in China outside of a few biggest cities.

Yields depend the most on the central bank interest rate. The interest rates are still quite low compared to the past.

The ECB keeps its interest rate much lower (2,4%) than the FED (3,75%).

The EU didn't have to impose strict austerity. It was just the policy they went with and it ended up being worse than what the US did in the financial crisis.

The US government only borrows in the us dollars. It's not possible that they won't be able to pay it off.

The yield increase is basically the market pricing in the interest rate increases since they're expected now.

Money doesn't work like that.

The EU does that since the emissions are taxed via the EU ETS and it just results in the most expensive electricity in the world.

Unions wouldn't help with the layoffs if the engineers are no longer needed.

You probably was only in the biggest cities.

With current ai models laying off 50% of engineers seems plausible. Obviously there would be some problems at the start but I'm quite sure it'd work over time.

It's not a good idea. The students will get left behind.

This matches my experience with xiaomi phones.

it looks like every other sans serif font

Greece doesn't have its own currency and is completely reliant on private debt markets. Investors, mostly banks, started demanding higher yields, and Greece couldn't do anything about it. The EU used that as an excuse to impose garbage economic policies (austerity) on them, but the whole crisis could have been avoided if the ECB had intervened to keep Greek bond yields close to the ECB's interest rate.

30 year old bond yield being 1-2% above the short term yield is nothing unusual

A garbage article. Yields went down after the housing bubble in 2007 because the central bank interest rates were lowered, not because the investors decided to flock to a safe asset.

Yields are high because the inflation is also running high and it doesn't like it will come down anytime soon so the central bank interest rates will also be kept at a higher level.

Long term bonds can be replaced with short term bonds which are constantly rolled over. The bond yields are pricing in the future interest rates, nothing more.

wolves are considered different species from dogs but they can produce offspring

it's an academic language

AI can write much more code than it was possible before but the real question is whatever that is of any economic value or is it more comparable to the iron smelting in china during the mao reign.

agent ai is barely used for anything outside of software engineering

China doesn't have a debt crisis.

Long-term bonds can be replaced with short-term bonds which are constantly rolled over. It wouldn't make sense if the market was pricing in anything else than future interest rates.

It's rising because the market expects interest rate hikes. Long-term bonds are basically a prediction market for future interest rates.