Fall Campus Mises Book Clubs

AI Price Wars Begin: OpenAI Considers "Drastic Price Cuts" In Pursuit Of Anthropic Customers Earlier today, in a report discussing how "AI bills are out of control", JPMorgan tech guru and TMT salesman, Mark Schilsky wrote that "most of my high level investor discussions focus on one major topic: when will the party end? Put another way, tech investors have made so much money in Semis so quickly that they are looking for potential warning signs that the music is about to stop. Predicting such an end is incredibly difficult. As...

Archegos 2.0? Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up Update (1130ET): The Wall Street Journal reports that Situational Awareness, the highflying artificial-intelligence-focused hedge-fund firm, sold the bulk of its stock portfolio to Ken Griffin's investment firm Citadel after suffering deep losses, according to people familiar with the matter. *  *  * Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation. Faber reports that the liquidation was done “through one enormous trade." Roughly two-thirds of the assets...

Visualizing Europe's Birth-Rate Collapse Europe’s population is no longer replacing itself. Across the continent, fertility rates have fallen below the 2.1 births per woman needed to maintain stable population levels, with no country meeting that threshold as of 2024. The map below, via Visual Capitalist's Gabriel Cohen, shows the number of live births per woman across Europe using the most recent data from Eurostat, FRED, and the UK’s Office for National Statistics. From Ukraine (0.99) to Spain (1.1), some of Europe’s largest countries now rank among those with the lowest birth rates, highlighting how widespread the decline has...