Even writing ahead of the weekend’s update, Nguyen wrote: “This is no recipe for rate cuts in the short term, barring an unexpected shock. In our opinion, July would likely be the earliest date to revisit rate-cut conditions. From now to July, we see more tailwinds for spending than headwinds and, as a result, more reasons for inflation to pick up than to fall.”
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I would say in the months since Vlad and I chatted, there have been new vectors for abuse as these markets have expanded. “Are we going to kidnap Nicolás Maduro” is a new vector for abuse of a prediction market. Do you see any heat around, “well, we should stop that”? Because this is the industry classically saying, “We can regulate ourselves.” But I don’t see that push from inside the industry. Maybe you do.
Most fields might not exist.If you combine these three things:
Every codebase reflects the taste of the developers who built it, from naming conventions to error handling patterns and testing approaches. That taste usually isn't documented anywhere. It lives in senior engineers' heads and is transferred through code review. This neither scales nor lets others on the team learn.