Need for Speed
Democratizing Gambling
Ring the bells that still can ring
Forget your perfect offering
There is a crack in everything
That’s how the light gets in.
"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.”
“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.”
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
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
“Why affordable housing is at risk of disappearing across the US”
Meanwhile, the Fed owned $0 MBS in 2008:
Melody Wright on California Real Estate
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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