A couple of weeks ago, I happened upon something, which gave me pause:
What is moving is the [Ukraine’s] economy1. Companies2 have pivoted to new markets3 and products4 — many in the defense industry5 — and consumers6 are spending money7 (while they have it). — (Bloomberg)8
It’s large, this word: it holds much; it is flexible. Cash outside banks – held in crypto, glass jars in root cellars or under mattresses – means … more drones. Looking on the positive side, National Bank reserves are solid.
I see this guy named Company in the shower one morning, the lightning bolt of epiphany striking as he rubs the suds from his eyes, That’s It! I’ll redefine myself – they’ll have to notice me!
The question of what is useful never quite goes away.
A cart filled with at least one of every single item in the cat food aisle: tinned, bagged, blister-packed, things for kittens, things for old cats; a mountain of the stuff, and nothing else.
A great deal of imagery begins to run through my head of Russian invaders being atomized by FPV drones.
Keyne’s Treatise on Money (1930).
With Ukraine’s Aid in Doubt, Companies Say They’re the Plan B. The economy is headed back to its prewar level as manufacturers have pivoted to new markets and products while consumers have kept spending (December 21, 2023)