pranshum

Our obsessions never change!

I wrote a post about this. The frequency of failures was much higher but the individual failures were smaller: https://yarn.pranshum.com/banks2

I wrote a couple of visual essays on the topic.

It's not entirely fair to compare bank failure sizes across times, even inflation adjusted [1]. The rate of asset price growth since 2008 far outstrips inflation.

IMO the frequency of bank failures is more worrying. They tend to come in waves [2].

1: On the size of bank failures: https://yarn.pranshum.com/banks 2. On the frequency of bank failrres: https://yarn.pranshum.com/banks2

For folks who have used both, how do you feel Svelte + sveltekit compares to React + Next?

OP here, you're right! Argh, this is embarrassing. Thanks for spotting this, fixed now.

It feels like so much of the IPO class of 21-22 was just a 0 interest rate phenomenon. I did this analysis of fintech IPOs last year. So many of them are down by 80% and growth is slowing. https://yarn.pranshum.com/ipos_int

Generally, this has been a pretty terrible year across the board for Fintech.

A number of stocks are down by over 80%, when the S&P 500 was down about 22%.

The standout fintech stock is DAVE, which is down an amazing 97%!

A common argument for why it is happening is that investors are moving to safer stocks, as interest rates rise. But this is only partially true: a bunch of the businesses are genuinely doing worse. Eg, Coinbase's revenue is down 27% QoQ, Upstart revenue is down 30% QoQ, Affirm revenue is flat and no longer growing.

And most of the sector is super unprofitable, burning a ton of money. Lemonade's margins are -120%.

I wrote about all of these observations here: https://yarn.pranshum.com/ipos_int

If the brokerage provides leverage to its customers, it can be subject to the same sort of bank runs that a normal bank can.

"Every banker knows that if he has to prove he is worthy of credit, in fact his credit is gone." - Bagehot

"Every banker knows that if he has to prove he is worthy of credit, in fact his credit is gone." - Bagehot

Thanks so much, this was really helpful. Your blog post was well written!

This was great!

IMO the NYT really shines with their arts/culture sections! Makes the subscription worth it for me personally.

I do feel like their politics/opinion sections have gone downhill.

But every now and then they do a long-form article which convinces me to re-subscribe for a year. This one was incredible: https://www.nytimes.com/2019/11/22/world/asia/the-jungle-pri...

Github link for all the code behind the analysis: https://github.com/TheEconomist/covid-19-excess-deaths-track...

Congratulations team! Rooting for you as loudly as I can!

True! I suppose we can hope that we'll understand it all one day.

Then again, there's enough people who would claim to understand it all.. they're probably the ones to be most afraid of!

This was really helpful - lots of stuff for me to work on. Thanks so much for taking the time to write this out, really appreciate it!

Not rude at all, really appreciate the feedback! Do you have any specifics about why it doesn't look trustworthy? What could I do to change it?