A record-breaking El Niño event is brewing in the Pacific, and new research shows its economic devastation won't be a temporary shock. Experts warn the impact could systematically depress global growth for years, with losses from a single past event totaling $5.7 trillion.
The tape Odd Lots · Aug 14
“But what we actually found is that there was empirical evidence for a systematic depression of economic growth and over a five year period that amounts to about five point seven trillion dollars in global economic losses instead by the year two thousand and three, right five years after the ninety seven ninety eight event.”
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Money Stuff: The Podcast · Re-Run: Boaz WeinsteinAug 14
The supposedly stable world of private credit is showing cracks. As one fund manager warns of "volatility laundering" to hide risk, the spectacular collapse of 777 Partners offers a glimpse of what another expert calls the sector's coming "demise."
This Week in Startups · What we'll learn from Anthropic's $2-$3T IPO | E2325Aug 15
AI firm Anthropic is reportedly seeking a valuation of up to $3 trillion in its October IPO, a figure that would shatter records. New data shows the company has already captured 43.5% of the US business market, overtaking OpenAI.