Off topic, but maybe have a look at pod.link when linking to podcasts? It is platform agnostic. I’ve seen it used by others and works like a charm. Tnx.
The investment in home equity is absolutely sick. I just watched my wife's grandmother's home sell with most of the equity built up over the years go to medicaid to pay for her care in a nursing home that was run by a private equity outfit. It makes you want to throw up, but food is too expensive to waste. Seems there is a line to pick apart the remains of a lifetime.
Regarding attacks on the constitution, the congenital liar known as Walz just called for the elimination of the electoral college before being slapped by Kamala HQ for saying the quiet part out loud. Obviously no constitutional amendment could ever pass that eliminates the electoral college since such a move will never get a 75% supermajority of states, so my assumption is that the left is really advocating a complete upending of the established order. IMO, The left is a far greater threat to the Constitution than Trump at this point.
That home debt product imo is just another version of those private notes which I think is a much bigger space than people realize. Thank you and great post.
Not sure I understand Luke Gromans comment about raising stocks so high that tax receipts become larger relative to expenditures. Is this a Wall Street MMT? Seems like we would have a hyperinflation revolution before this happened. But my grasp on this is tenuous at best…
Great mix! Not enough McNulty quotes in my daily life. Thanks for the reminder.
Thank you. Rewatching The Wire now. I wouldn't want my sister to date McNulty, but I'd love to have him as partner.
Am I the only one who hears the term “criticized loans” and immediately pictures Statler and Waldorf?
lol PVCMX underperforming the sp500 since inception. I get it, it's a new fund but nice
Did I recommend you buy PVCMX or did I just share two charts he had posted? Come on.
Off topic, but maybe have a look at pod.link when linking to podcasts? It is platform agnostic. I’ve seen it used by others and works like a charm. Tnx.
Thanks!
The investment in home equity is absolutely sick. I just watched my wife's grandmother's home sell with most of the equity built up over the years go to medicaid to pay for her care in a nursing home that was run by a private equity outfit. It makes you want to throw up, but food is too expensive to waste. Seems there is a line to pick apart the remains of a lifetime.
Regarding attacks on the constitution, the congenital liar known as Walz just called for the elimination of the electoral college before being slapped by Kamala HQ for saying the quiet part out loud. Obviously no constitutional amendment could ever pass that eliminates the electoral college since such a move will never get a 75% supermajority of states, so my assumption is that the left is really advocating a complete upending of the established order. IMO, The left is a far greater threat to the Constitution than Trump at this point.
Agree
That home debt product imo is just another version of those private notes which I think is a much bigger space than people realize. Thank you and great post.
Thanks. Hard to keep up with all this. Remember when homes weren't a financialized Wall Street product?
The government has always owned your home anyway, why worry about more leeches?
If this isn’t clear, imagine not paying your property taxes.
Fascinating period we live in
Not sure I understand Luke Gromans comment about raising stocks so high that tax receipts become larger relative to expenditures. Is this a Wall Street MMT? Seems like we would have a hyperinflation revolution before this happened. But my grasp on this is tenuous at best…
My grasp is also tenuous. It’s all related to this dangerous idea they can “inflate away the debt.” That’s just a massively regressive default.