Bitcoin dropped, Trump-era gains erased. Short-term volatility is visible, but deeper risk is in liquidity, cycles, and macro positioning. Price moves don’t equal fundamental stability.

Compensation growth at top banks reflects broader incentives and risk allocation. Rising pay is a signal of market conditions and pressure on capital efficiency. Watching these trends helps frame systemic risk and decision-making priorities.
#systemmargin

Small inefficiencies add up. $40 burritos or mismanaged inputs both highlight how tiny operational frictions can silently erode outcomes over time.