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Technology writer of Spyglass, a newsletter about technology and media. Previously a reporter at TechCrunch and an investor at GV.

• Bluesky🫟 Inklings 📆 September 18, 2026 • Meta's Camera-Less Glasses • Apple's Surveillance • Claude Unifies • Prime Bundles • Dario Writes • Bond, Jack Bond

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• NewsletterInklings #026 📧

  Meta's Camera-Less Glasses • Apple's Surveillance • Claude Unifies • Prime Bundles • Dario Writes • Bond, Jack Bond

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Economics professor at the University of California, Berkeley and a former Deputy Assistant Secretary of the US Treasury. Author of Slouching Towards Utopia and writer of the Grasping Reality newsletter.

• Equity investors sell the dream; bond investors price the funeral. Here’s what they’re charging those undertaking the now debt-financed DataCenter Rush: **Debt & DataCenters: CHART OF THE DAY** FaceBook bankrupt in one scenario in fifteen in five years? SpaceX & Oracle one in six? That appears to be what those willing to lend to FaceBook right now are thinking... https://braddelong.substack.com/p/hyperscaler-debt-default-risk > 2026-09-15

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Co-founder and chief investment officer of Cambria Investment Management. He has written several books on quantitative asset allocation, blogs at Meb Faber Research and hosts The Meb Faber Show.

• x.com𝗕𝗼𝗻𝗱𝘀 𝗯𝗲𝗮𝘁 𝗡𝗮𝗽𝗼𝗹𝗲𝗼𝗻, 𝘁𝗼𝗽𝗽𝗹𝗲𝗱 𝗮 𝗽𝗿𝗶𝗺𝗲 𝗺𝗶𝗻𝗶𝘀𝘁𝗲𝗿, 𝗮𝗻𝗱 𝗺𝗮𝗱𝗲 𝗧𝗿𝘂𝗺𝗽 𝗯𝗹𝗶𝗻𝗸. 𝗕𝗼𝗿𝗶𝗻𝗴 𝘁𝗵𝗲𝘆 𝗮𝗿𝗲 𝗻𝗼𝘁. My guest today is Robin Wigglesworth (@RobinWigg), editor of @FTAlphaville and author of A Fabulous Debt, a thousand-year history of the market that sets the price of everything else. We get into: • An Austrian 100 year bond that lost 80%, while a defaulting Argentina paid off better • Why T-bills feel safe but can lose you 50%+ in real terms after inflation • Is private credit the next systemic blowup? • Why the $12 trillion repo mar…

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• YouTubeWhy Governments Are Afraid of the Bond Market (Robin Wigglesworth Explains)

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Director of institutional asset management at Ritholtz Wealth Management. Writes the A Wealth of Common Sense blog and co-hosts the Animal Spirits podcast with Michael Batnick.

• I know everyone hates bonds right now b/c inflation, govt debt, etc But if you own a bond index fund that tracks the Agg you're getting 5.2% avg yield to maturity right now Investors would have killed for yields this high at any point in the past 15 years or so

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Founded Bridgewater Associates in 1975 and led it until stepping back from control in 2022. Author of Principles, The Changing World Order and How Countries Go Broke; publishes economic analysis at economicprinciples.org.

• ShortRAY DALIO ON THE BOND MARKET WARNING SIGNS

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Director of institutional asset management at Ritholtz Wealth Management. Writes the A Wealth of Common Sense blog and co-hosts the Animal Spirits podcast with Michael Batnick.

• We now have: 7% mortgage rates 5% bond yields 3.5% inflation A roaring stock bull market A transformational tech innovation boom Good movies Angst among the younger generation This really is the 1990s all over again

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Co-founder and chief investment officer of Cambria Investment Management. He has written several books on quantitative asset allocation, blogs at Meb Faber Research and hosts The Meb Faber Show.

• .@AB_insights Inigo Fraser Jenkins on why 60/40's diversification is broken: “If we're talking about long duration government bonds, I think it's likely they will not perform the diversifying role that they've performed historically.” “This post 2022 experience of a positive correlation of stock and bond returns actually looks more normal.” Listen: https://t.co/mfnaUo1DNT Watch:

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Investing columnist for The Wall Street Journal and editor of the revised edition of Benjamin Graham's The Intelligent Investor.

• What are bond yields "saying" about stocks? by @WSJ's ever-astute Spencer Jakab

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Economic historian at Columbia; writes Chartbook on economics, geopolitics and history, and wrote Crashed and The Deluge.

• Top Links 1220 European bond worries. Iran oil squeeze. The toughest prisoner of them all & guitar Baroque.

  Great links, images, and reading from Chartbook Newsletter by Adam Tooze

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Economic historian at Columbia; writes Chartbook on economics, geopolitics and history, and wrote Crashed and The Deluge.

• Top Links 1219 Don’t fight the bond market. Neoclouds, neo-risks. Ethiopia’s drone war & the other Parisian towers.

  Great links, images, and reading from Chartbook Newsletter by Adam Tooze

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Pulitzer Prize-winning reporter and author of The Power of Habit, Smarter Faster Better and Supercommunicators. Writes for The New Yorker.

• Data shows that 80% of laughter has absolutely nothing to do with humor. It's a signal people use to say "I want to bond with you," not a reaction to something being funny. So if you want to instantly connect with anyone you meet: laugh with them. Here's how the Laughter Paradox works:

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Economist; former chief economist of the International Monetary Fund.

• It is indeed nitpicking, and the effect is a net decrease in demand, and a decrease in reserves. But, yes, I should have been more precise. The ECB indeed not selling, it is letting bonds mature and not buying new ones: this leads to a steady decline in ECB bond holdings and in reserves by the ECB. It intends to do so so long as banks do not come back to hold more reserves. The plan is that, when banks come back, this will determine the amount and the size of the balance sheet. Bottom line. The ECB is doing this for reasons which have nothing to do with fiscal policy. And this has nothing to…
  Quoting@itsthemchasers@kebabroyal_ @ojblanchard1 But sales would increase the float in times of higher issuance. His statement is simply wrong.

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Economist; Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan, former chief economist of the International Monetary Fund, and co-author of 13 Bankers and Power and Progress.

• What is the Bond Market Saying? https://t.co/4U5yklL8mh via @YouTube it is telling the Fed to raise short-term interest rates, to bring inflation down… but the White House has a different (and entirely wrong) theory of the case

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• Does the Fed Have Inflation Under Control? - Power and Consequences Epis... https://t.co/XFIu9fefNJ via @YouTube Don’t expect the Fed to raise short-term rates in September. The bond market on the other hand…

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Engineering manager who has worked at Apple, Netscape, Slack and Palantir; writes as Rands at randsinrepose.com and wrote Managing Humans.

• BlueskyI am “video game adrift” in my post-Destiny depression. Redid Diablo 4, Saros was fun; thinking about James Bond. Did Arc Raiders. Help.

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• MastodonI am “video game adrift” in my post-Destiny depression. Redid Diablo 4, Saros was fun; thinking about James Bond. Did Arc Raiders. Help.

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Indian value investor who taught Behavioural Finance and Business Valuation as an adjunct professor at MDI Gurgaon. He writes the Fundoo Professor blog about investing, moats and mental models.

• A cheap stock without a catalyst is a value trap plus a prayer for a bull market. (That is chasing beta) https://t.co/0XrAuqYqhz The most common catalysts are earnings growth when combined with very low P/E multiples plus a high dividend yield. Doesn’t happen very often but a setup like this must result in stock price appreciation otherwise the yields start exceeding bond yields which by themselves are catalysts for re-rating. There are many other catalysts based on developments inside the company (corporate actions) or developments in markets (eg increase in free float, inclusion in an index…

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