CaptainJack_sMacroStr

At the 2014 Tsinghua University job fair, someone asked: How does Evergrande provide five social insurances and one housing fund for employees?
The campus recruitment vice president, with an aloof, self-satisfied air, said: Our employees don’t live off their pensions.
I didn’t think: Some employees live on the minimum living allowance 😅

《白嫖赋》via杰克船长
稻米三钱一斤，饱食者，白嫖农夫之苦；
猪肉价贱场亏，食肉者，白嫖猪场之劳。
租费轻于房贷，安居者，白嫖房东之资；
票价薄于国补，代步者，白嫖公途之惠。
资费不抵车耗，乘行者，白嫖司机之力；
学费不及公助，向学者，白嫖教化之恩。
药费少于医保，康愈者，白嫖医济之德；
风投助其上市，立业者，白嫖资本之雄。
嗟乎！
一分一毫自出，便是有负时代红利；
此非巧取之利，实为大道之行，终归为人民服务，乃万世不移之理也😃

"Free Riding Ode"
Rice fills the granary, three coins per jin,
Farmers toil diligently, their labor hard,
People feast abundantly, this is the hardship of free-riding farmers;
Pork on the table, herders lose resources to sustain life,
Citizens enjoy three meals a day, this is the difficulty of free-riding pig farms;
Humble dwelling, rent far lighter than mortgage,
Residents find stability, this is the benefit of free-riding landlords;
Public transportation, vehicle costs far below national subsidies,
Travelers move freely, this is the advantage of free-riding travel;
Ride-h

“The Free-Ride Ode”
Eating rice, 3 yuan per jin, freeloading off farmers
Eating pork, raising pigs at a loss, freeloading off pig farms
Renting a place to live, rent < mortgage, freeloading off landlords
Taking public transit, fare < subsidies, freeloading on commuting
Taking a private car service, fare < the car price falling, freeloading off drivers
Having a baby, tuition < school subsidies, freeloading on education
Getting medical treatment, medical expenses < medical subsidies, freeloading on healthcare
Starting a business, taking venture capital for an IPO, freeloading on

《Freebie Economics》
Eating pork, pig farms lose money, freebie pig farms
Rent a house, rent < mortgage, freeloading landlords
Having children, tuition < school subsidies + teacher salaries
Turns out, this is what serving the people looks like 😃

Strait of Hormuz, just like the toll booth in the village😅

Iranian Rial, shipowners holding RMB, go to the designated bank to exchange it for Rial at the official exchange rate
Any substitute for Rial is acceptable, like dog shit
Rial, completed a channel transaction 😃

long time no see

The final bottom line of the consumer industry... even cigarettes have collapsed 😅

An internal OPENAI memo accuses Anthropic of improper ARR accounting, overestimating by $8 billion; it should be $22 billion.

Anthropic, the private equity market valuation also surpasses OpenAI

RMB is now the leading indicator of the A-shares market
Surged on March 31, breaking the trend, A-shares nearly at their lowest point
Chinese retail investors' mentality, like just having experienced a house demolition, with demolition funds only arriving in February, still hesitant to go to KTV😅

The European Union is expected to quickly unfreeze the 90 billion euros in aid to Ukraine after Orban loses the election.
Vance is backing Orban—this isn’t about wanting to give Ukraine money.
Now it’s good, fighting on two fronts 😃