The TREASURY is the institution who is buying back long bonds using short bonds.

The FED has nothing to do with this. The FED's money printer is not "going brr", until such time as it starts to buy TREASURY bonds (which will be pretty embarrassing for Warsh).

Sentosa Cove was once hailed as the city-state's answer to Monte Carlo, but many villas have sat empty for years.

If you look at the Legal Profession (Professional Conduct) Rules 2015.

Rule 7(1)(a) says that "A legal practitioner must always accord to another legal practitioner the proper respect due to the latter as a member of a noble and honourable profession."

Rule 8(1)(a) says that "A legal practitioner who deals with any person must, regardless of whether that person is involved in any matter with which the legal practitioner is concerned, be honest and courteous, and behave in a manner befitting the legal practitioner’s professional standing."

What kind of "honourable professional" will throw things or shout at their juniors?

So many hallmarks of religion are present.

1. Heaven/Hell: "If you have faith and use AI, you will be rewarded with riches. If you're an unbeliever, then it's damnation (no job) for you. You'd better join us."
2. Miracles: "Look at all these amazing things that other people can do with AI! Just don't ask for evidence or an actual demonstration of value."
3. Apocalypse: "The end of white-collar jobs is nigh. Just give it one more year. Don't ask me about my exact same prediction last year."
4. Deification: "AI is the most powerful tool in human history and it will usher in the Fourth Industrial Revolution. Just wait till we hit AGI/ASI/A?I, any second now."
5. Priesthood: "Dario Amodei just warned us that his new AI model is so powerful that it's dangerous to release. He must be right, he'd have no reason to lie to us."

You do realise that, after the rule changes made by the index controllers (like NASDAQ and FTSE), SpaceX is not going to be the only cash-burning company to suck exit liquidity from passive funds, right?

We already have OpenAI and Anthropic waiting in the pipelines (and who knows how many other unprofitable companies whose insiders need to cash out), preparing to use the exact same playbook that SpaceX is now trying.

How many "just 1%" hits should people be expected to tolerate for their investment and retirement funds?

One thing the article does not mention is that Pacific International Lines (which is the parent company of Singamas) is a Singapore company. But Pacific International Lines is not a listed company. Teo Siong Seng is also the executive chairman of Pacific International Lines.