Excluding IT equipment, a US data center costs almost US$12mm/MW not counting the land cost. Meanwhile in China, cost is less than 3.5mm and including the land (RMB 20mm)
yiktin retweeted
HY AI data center bonds ranked by YTW
Lots of upside in some of these if they get called once the assets are built and leased
Which ones do you like?
yiktin retweeted
Exclusive: FOX Business obtained the response from Treasury Secretary Scott Bessent to the latest request for information from Senator Elizabeth Warren.
The Senator has sent more than 100 letters to Treasury asking for information in the past 21 months. The Secretary snarky at times in the response saying, "Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department." Secretary Bessent also added a hand-written note at the bottom of the letter. (Picture attached)
Senator Warren sent a letter dated October 10th asking for more information about what the Trump Administration is doing to lower borrowing costs for average Americans. In the letter the Senator accuses the Treasury Secretary of increasing costs saying, "The surge in Treasury yields is self-inflicted and follows the Fed's decision to raise the federal funds rate by a quarter of a percentage point, driven by concerns about inflation." The Treasury Secretary refuted that characterization in his letter, adding, "It is difficult to treat your concern as sincere." Adding, "As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration's reckless spending."
The Secretary finishes the letter offering "a Foreign Exchange for Dummies tutorial still, and if you receive a passing grade to the Yale metric, not the Harvard curve, I would be happy to also include a Fixed Income for Dummies."
yiktin retweeted
Inverse correlation between employee cost and productivity:
Why are Euro auto brands losing to China? Well... let's look at costs, productivity, employee output, etc. Hard to compete with this.
"Using VW’s auto plants as a proxy, labor costs, labor productivity, sick leave rates, unit costs and electricity costs in its China plants are a fraction of what they are in Europe, so no one should be surprised at the market share shifts on the right. Even the imposition of 17%-35% tariffs has done little to slow European imports of Chinese EVs."
yiktin retweeted
HSBC's traders may face cramped conditions when they move from Canary Wharf to a new City of London HQ bloomberg.com/news/articles/…
yiktin retweeted
Twenty-five years ago today. Brady’s first start. Bryan Cox levels Jerome Pathon. The Patriots blow out Peyton Manning and the Colts, 44-13. New England loses just three games the rest of the season.
HKAA let NWD off the hook of its 38-year HK$1.8Bn rental g'tee payment, at a price of NWD surrendered the building for free (~18Bn) and effectively CTFE gave HKAA a free call option at today's stock price for a 15% stake in NWD
Feel bad for all the analysts needlessly getting their last few hours ruined by New World Development $0017.HK
yiktin retweeted
25 Years Ago Today
September 23, 2001
The hit that changed the course of NFL history
The Jets' Mo Lewis hammers Patriots quarterback Drew Bledsoe late in the game.
Enter Tom Brady.
Though the Pats lose, 10-3, Brady would start the following week and begin his legendary career
This is Japanese culture for men with power. Softbank execs used to do that and only speak and listen thru a translator, to cut investor meetings short by half. This all changed after they need to pay up to raise billions from the market
yiktin retweeted
Bessent: “Look, if some of the Bloomberg Terminal bros are unhappy with what I’m doing, well, that’s too bad.”
