Anonymous thoughts

The dashboard: The ChatGPT summary:  The dominant macro theme this week remained the interaction between geopolitical risk, inflation expectations, and monetary policy. Although military tensions surrounding Iran continued to generate uncertainty, markets increasingly focused on the possibility that diplomatic progress could prevent a sustained disruption to global energy flows. As a result, crude oil prices remained volatile but failed to generate the type of broad risk-off response that investors feared earlier in the month. At the same time, central banks became more visibly concerned about the inflation implications of elevated energy prices. Several European Central Bank officials signaled that policy may need to remain restrictive for longer and even hinted that additional tightening could become necessary if energy-driven inflation begins feeding into wages and services prices. Recent inflation releases from Germany and Spain reinforced the perception that inflation is provi...

The dashboard: The ChatGPT summary: (completely changed the prompt this week. For full conversation, see: https://chatgpt.com/share/6a12aff1-a9f8-8324-aaea-be22b86280ba) Global markets spent the week transitioning from a growth-centered narrative toward a liquidity-and-fiscal-risk narrative. The immediate catalyst was Moody’s downgrade of US sovereign debt, which intensified investor focus on the structural trajectory of fiscal deficits, rising Treasury issuance, and the long-term sustainability of sovereign borrowing costs. ( reuters.com ) The downgrade itself did not trigger a classic panic. Instead, it accelerated an ongoing repricing already visible across global bond markets. Long-duration sovereign bonds sold off sharply, with yields rising not only in the United States but also across Europe and Japan. The most important development occurred in Japan, where super-long Japanese government bond yields surged toward multi-decade highs amid concerns over inflation, fiscal expansion,...

The dashboard: The ChatGPT summary: 1. What happened to your portfolio (recent week) Your portfolio went through a strong recovery in April, then gradually lost momentum and became more uneven. In the past week, several global equity holdings and gold weakened together, while commodities slightly helped, leading to a small overall decline. 2. What happened in the world (the few things that likely mattered most) Major events: United States + China: “Two giants tightening their grip, then cautiously loosening one hand” 🌡️ United States domestic economy: “household heat rising” 🛢️ Energy system shock: “a major supplier steps away from the old order” 🔥 Middle East instability: “a constant background fire” 🧭 Global trade system: “small truce signals, not peace” 📦 Global supply chains: “still functioning, but under stress fatigue” UAE exits OPEC: “a major energy player changes allegiance” 🧠 Semiconductor tension remains unresolved: “the intelligence engines are still locked away” 🧩 FI...

(translated from my Chinese blog) This is my new project, “Nietzschean Philology”. In each installment, I’ll read a passage from Nietzsche’s original writings. By practicing text analysis, we can enhance our ability to understand the world. The reading of "We Philologists" continues. As the second part of the chapter "The Philologists," Nietzsche shifts from general critique to specific case studies. Sections 53-57 focus on the 17th-century philologist Bentley, analyzing Bentley's gifts, limitations, and achievements, as Nietzsche warns every individual aspiring to cultural creation: one must force oneself to shift from critique to creation. 53. Friedrich August Wolf reminds us how apprehensive and feeble were the first steps taken by our ancestors in moulding scholarship--how even the Latin classics, for example, had to be smuggled into the university market under all sorts of pretexts, as if they had been contraband goods. In the "Gottingen Lexicon" ...

(translated from my Chinese blog) This is my new project, “Nietzschean Philology”. In each installment, I’ll read a passage from Nietzsche’s original writings. By practicing text analysis, we can enhance our ability to understand the world. The reading of "We Philologists" continues. Starting from the 47th section, Nietzsche begins a new chapter "The Philologist," detailing the "original sin" of philologists—pedantry, rigidity, self-abdication, obedience, laziness, sophistry, and nitpicking. Analyzing these issues allows us to see Nietzsche's profound critique of the modern world in linguistic phenomena. 47. It is not true to say that we can attain culture through antiquity alone. We may learn something from it, certainly; but not culture as the word is now understood. Our present culture is based on an emasculated and mendacious study of antiquity. In order to understand how ineffectual this study is, just look at our philologists · they, trained upon...

(translated from my Chinese blog) This is my new project, “Nietzschean Philology”. In each installment, I’ll read a passage from Nietzsche’s original writings. By practicing text analysis, we can enhance our ability to understand the world. The reading of "We Philologists" continues. After finishing the second part (27~46), take a short break, and casually talk about some thoughts I have about writing during this period. This series has been written for over a month now, and I wonder how everyone feels about it. My own feelings are quite complicated. First, I'm more convinced that such writing has no media value at least in this environment, because the people who are recommended this article by the platform mostly don't even have language skills, they can directly swipe to the bottom to curse without even reading the article. It's easy to imagine that when they look at other recommended articles, they probably do the same thing, praise when they see tags they lik...