That is, you provide the data first (I and Forth) and the command (heart) last.

Type of Building. List of values: 1000 = Parking 1001 = Gas Station Canopy 1002 = Storage Tank 1003 = Placeholder (triangle for permitted bldg) 1004 = Auxiliary Structure (non-addressable, not garage) 1005 = Temporary Structure (e.g. construction trailer) 1006 = Cantilevered Building 2100 = Building 2110 = Skybridge 5100 = Building Under Construction 5110 = Garage

They are saying almost no one in Texas can walk to a grocery store. Hence, it is a flex if you can. And Europeans don't understand that it is that unusual.

There is a certain amount of capacity to produce memory. They are building new facilities but it takes a long time. They have been burned going down this route many times in the past (e.g., losing money, firms that are no longer in business).

What would you have them do instead?

China also runs adverse competitive industrial policies (e.g., industrial spying, flooding markets). Not making value judgment here.

You have quite the post history BTW.

It isn't a crazy idea if the opportunity is large enough to make the larger investment required worth it.

The problem I see in applying this to products is it can be very confusing for clients.

Stepping back, the idea with private credit was to move a lot of lending and credit risk taking away from the banks. Because if the bank fails, then it causes risk to the financial system. If a private credit fund does badly, you have sad investors. But the broader financial system is not imperiled.

And there will always be periods where credit does badly. It is the nature of these markets and lending.

TBC, I think the private credit guys got over their skis over the last 5 years and we'll see some sad investors in the next few years.

That is quite a quote. Hard to believe that wasn't long ago.

Whether the numbers are either wrong or if that is truly what support costs look like at a university would be interesting to know.

China turning off your transportation is.