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There is this speech in Steel Ball Run by the President of the United States.

It goes something like: when you sit at a round table, the seats are only apparently democratic. If you are the first to seize a napkin, be it on your left or on your right, you will be the one that decides what napkin all the other get.

I think often about this speech.

I surely thought about it this morning, when there were no places where to park my car, and I was in a hurry, and decided to park it anyway in a place where there *was* room to park and there *was* still room to go around my car in a safe way but decidedly there was *not* a diirect designation.

As i left my car, and took a last glance at it, and saw another person park directly behind me, I indeed thought "yes, seize the napkin"



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There is this speech in Steel Ball Run by the President of the United States.

It goes something like: when you sit at a round table, the seats are only apparently democratic. If you are the first to seize a napkin, be it on your left or on your right, you will be the one that decides what napkin all the other get.

I think often about this speech.

I surely thought about it this morning, when there were no places where to park my car, and I was in a hurry, and decided to park it anyway in a place where there *was* room to park and there *was* still room to go around my car in a safe way but decidedly there was *not* a diirect designation.

As i left my car, and took a last glance at it, and saw another person park directly behind me, I indeed thought "yes, seize the napkin"

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That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future. So, uh, whenever I hear about Telegram, it’s always in relation to something bad. What gives? As a result, the pandemic saw many newcomers to Telegram, including prominent anti-vaccine activists who used the app's hands-off approach to share false information on shots, a study from the Institute for Strategic Dialogue shows. "We're seeing really dramatic moves, and it's all really tied to Ukraine right now, and in a secondary way, in terms of interest rates," Octavio Marenzi, CEO of Opimas, told Yahoo Finance Live on Thursday. "This war in Ukraine is going to give the Fed the ammunition, the cover that it needs, to not raise interest rates too quickly. And I think Jay Powell is a very tepid sort of inflation fighter and he's not going to do as much as he needs to do to get that under control. And this seems like an excuse to kick the can further down the road still and not do too much too soon." Stocks dropped on Friday afternoon, as gains made earlier in the day on hopes for diplomatic progress between Russia and Ukraine turned to losses. Technology stocks were hit particularly hard by higher bond yields.
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