A Havenstein Moment.

A Havenstein Moment.

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A Havenstein Moment.
A Havenstein Moment.
Need for Speed

Need for Speed

Democratizing Gambling

Rudy Havenstein's avatar
Rudy Havenstein
Oct 10, 2024
∙ Paid
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A Havenstein Moment.
A Havenstein Moment.
Need for Speed
16
4
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Ring the bells that still can ring

Forget your perfect offering

There is a crack in everything

That’s how the light gets in.

- Leonard Cohen

"We shall have world government, whether or not we like it. The question is only whether world government will be achieved by consent or by conquest."

Father of the Federal Reserve Paul Warburg's son, James, in 1950

A very good podcast with Whitney Webb and John Titus

“According to our adjustments, cumulative inflation since 2019 has been understated by nearly half. This has resulted in cumulative growth being overstated by roughly 15%. This is a large amount for just 5 years – for perspective, peak-to-trough drop in real GDP during the 2008 crisis was 4%.

Moreover, these adjustments indicate that the American economy has actually been in recession since 2022.”

- Peter St. Onge and E.J. Antoni

“One of my core beliefs is that inflation tends to be a killer of political careers. If the unemployment rates moves from three to five, you got an additional 2% of people that are pissed off at you, but if the inflation rate moves from zero to four - as just occurred in Japan - you've got 100% of people pissed off at you.”

Louis-Vincent Gave

Apropos of nothing…

Tom Hoenig on QE

“I think it was just being too focused on a short-run goal rather than looking to the long run”

Paging Bastiat!1

Link

Finance Rate on Consumer Installment Loans at Commercial Banks, New Autos 48 Month Loan

“To be ignorant of what occurred before you were born is to remain always a child."

- Cicero

Link

“Why affordable housing is at risk of disappearing across the US”

Image

Meanwhile, the Fed owned $0 MBS in 2008:

Semi-log

Melody Wright on California Real Estate

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Welcome new paid subscribers. Another eclectic collection of oddities below. Luke Gromen, Chris Whalen, housing, autos, sentiment, David Lynch, The Wire, uncertainty, Hot Chocolate, and more. Godspeed.

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