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Craig Hockenberry Blog
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8 September
4 September
21 August
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Their words
Early in the final stage of the Big Debt Cycle, the market action reflects this dynamic via interest rates rising led by long-term rates, the currency declining especially relative to gold, and the central government’s treasury department shortening the maturities of its debt offerings because of a shortage of the demand for long-term debt.
17 August
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Their words
In Clausewitz’s time, the problem was a scarcity of reliable information; now the information is plentiful, but it can be contradictory, dated, manipulated, and excessive.
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Their words
And if things are bad now, there are reasons to believe they may get even worse over the next two to four years.
18 June
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korrents.com
The binding constraints on AI's growth are power, helium and memory — and almost nobody has noticed the helium one.Their words
One is of course everybody knows power constraint. Some country the power they just don't have that. They get impacted. And then secondly, a lot of people didn't realize the helium impact can be also very significant for semiconductor. And then the thirdly, is everybody know right now memory is a bigger shortage.
8 May
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Their words
It may still be the case, and I guess it is, that immune traits are the most selected category, but is not at all the case, and in fact, we can prove it's not the case that behavioral traits are not selected.
13 March
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korrents.com
Anthropic saw the coming shortage of chips before Google did, and bought Google's own TPUs out from under it.Their words
Because Enthropic saw it before Google. And then Google had Nano Banano and Gemini 3 which caused their user metrics to skyrocket and leadership at Google was like oh and then they started making the statement of we have to double compute every is it 6 months or I don't remember the exact number that they said.
14 October 2025
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Their words
The empirical evidence strongly refutes the idea that rising opportunity costs of childbearing are driving low fertility. Declining marriage due to exogenous technology and economics shocks is tanking fertility irrespective of child direct or opportunity costs.
Falling Fertility Is Not About Opportunity Costlymanstone.substack.com
13 January 2025
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Their words
A glut follows every semiconductor shortage.
1 November 2024
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Their words
From the 1960s, US fertility fell primarily due to fewer births among couples. In that context, baby bonuses might raise fertility. But today, the major contributing factor is the decline of coupling.
4 October 2024
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