Longreads + Open Thread

SF Crime, Tolstoy, Defense Tech, Social Media, Diversification, Diller



Open Thread

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  1. One possibility is that since Russia has lots of currency reserves, a not especially liquid market, and a powerful business community, the government was keeping prices elevated until the war started. It’s a lot easier to criticize a prospective war than to criticize your country for a war that’s being actively fought (even if most people oppose it, wars seem to make politicians temporarily more popular and then continuously less popular over time). So once the actual invasion started, there wasn’t a reason to maintain prices.

    This is a speculative theory that has only circumstantial evidence, and it’s most likely that the price changes were pretty organic—sometimes a market-moving surprise is just a surprise.