Links worth investing in: DOGE, elite spending, climate change policies, and the Mandaeans

Further reading for the weekend: thinking through a Taiwan nightmare scenario, UK army preparedness (!), and why we need wannabe geniuses

Factoids

Good news for renters: Rental increases are slowing. According to property analysts at Jefferies, rents dropped on Rightmove data by 0.2% in Q424 but are still 4.7% higher yearly. Jefferies reckons rental growth will revert to 3%- 3.5% pa in the medium term. A pick-up in new buy-to-rent supply is helping to mitigate the reduction in mom-and-pop …