"For the eleven quarters since the pandemic/recession ended, real average hourly earnings (which cover 119 million full time wage and salaried workers) FELL at a 2.9% annual rate."
"I learned that my assets were ephemeral, while my debts were money-good."
I learned that my loan principal stays the same forever and that inflation causes my assets to go up multiples over the years. Users world get more value from their Substack subscription if you compiled all the free Twitter entertainment in here as a bonus. This pays...
That SFR transaction was an all-in-the-family deal. Starwood took an $80 million dollar write down in first quarter on it and made Pretium buyback some of the properties. Let’s chat in November about the purchase price adjustment.
I think Eisenhower spoke of war the way he did because he actually knew war unlike today’s “leaders”. And war stayed with him. I’ve always thought the D Day + 20 CBS special was well done:
He was not a battlefield commander but more important and relevant had overall command of Allied forces. He saw the realities closely enough and he saw the politics every day and had to manage it. Which he did very well. And he saw the creation and advancement of the military industrial complex firsthand
That’s interesting. I should read a biography on Eisenhower. I have read about him in context of WWII but I don’t know much about his service prior to WWII.
It used to be possible to add and subtract terms in searches and even put in Boolean algebraic terms. That was part of the beauty of AltaVista before Google bought it. I haven't had much call for complex search lately, and I know they mutilated the database for politics. But there's still Yandex. And a few other search tools we don't tell anyone about.
Google search is the worst, except for all the others. If I search for forbidden stuff, like Whitney Webb, I often find that Google buries it, so I try elsewhere.
Love that Tighten Up! -- a soundtrack for yield curve inversion, but Rudy Havenstein you need the music video dance steps too....https://youtu.be/U239gi6cQFU?t=198 so we can all be Chuck Prince.
Saw a meme somewhere in the last couple of days. Something like, "I believed in aliens and space vehicles until the govertment started telling me they are real." I'm come to the place that if any governmental organization tells me anything . . . literally anything . . . I assume it's a lie.
Such a good piece....admittedly flew through this one since a August 1 🇨🇭our National Day but what caught my eye was Lacy Hunt who has been singing the “US much weaker than numbers show” tune for years. Someday he, Grantham, Jimmy Rogers, & Druckenmiller are all going to be right, in which case, as the Ami’s say “ gonna be up shit creek without a paddle & there’s a leak in the boat” 😷or something along those lines.
PS! Am glad U back on X FACTOR or whatever it’s called by @elon these days - sorta think - getting interesting w/ all this AI. UFO, CHINA, US stuff.
Ike, or whomever wrote those words, eloquently covered those costs that are so often not considered.. what should have been, what could have been; and most often completely unnecessary.
Concerning Yellow, I was unaware of the bailout, but had just read that Yellow had taken on massive debt in acquisitions of competitors and such. Wonk-wonk.
"I learned that my assets were ephemeral, while my debts were money-good."
I learned that my loan principal stays the same forever and that inflation causes my assets to go up multiples over the years. Users world get more value from their Substack subscription if you compiled all the free Twitter entertainment in here as a bonus. This pays...
Who’s that cat in the pic with Epstein and Black? Looks like Ron Howard’s little brother.
José Fanjul, a "Cuban businessman"
I think they might be the same person.
That SFR transaction was an all-in-the-family deal. Starwood took an $80 million dollar write down in first quarter on it and made Pretium buyback some of the properties. Let’s chat in November about the purchase price adjustment.
I think Eisenhower spoke of war the way he did because he actually knew war unlike today’s “leaders”. And war stayed with him. I’ve always thought the D Day + 20 CBS special was well done:
https://www.youtube.com/watch?v=vNaxTXfjfXk
Just had dinner with a big WWII buff who said Eisenhower was never a battlefield commander.
He was not a battlefield commander but more important and relevant had overall command of Allied forces. He saw the realities closely enough and he saw the politics every day and had to manage it. Which he did very well. And he saw the creation and advancement of the military industrial complex firsthand
I hear ya, just an observation. My friend is more of a Patton fan.
Patton was a warrior pure and simple, not a politician in any way. You had to admire him for that.
That’s interesting. I should read a biography on Eisenhower. I have read about him in context of WWII but I don’t know much about his service prior to WWII.
It used to be possible to add and subtract terms in searches and even put in Boolean algebraic terms. That was part of the beauty of AltaVista before Google bought it. I haven't had much call for complex search lately, and I know they mutilated the database for politics. But there's still Yandex. And a few other search tools we don't tell anyone about.
Google search is the worst, except for all the others. If I search for forbidden stuff, like Whitney Webb, I often find that Google buries it, so I try elsewhere.
Love that Tighten Up! -- a soundtrack for yield curve inversion, but Rudy Havenstein you need the music video dance steps too....https://youtu.be/U239gi6cQFU?t=198 so we can all be Chuck Prince.
Saw a meme somewhere in the last couple of days. Something like, "I believed in aliens and space vehicles until the govertment started telling me they are real." I'm come to the place that if any governmental organization tells me anything . . . literally anything . . . I assume it's a lie.
https://twitter.com/RudyHavenstein/status/1667193052644122624
Enjoy your stack. Keep up the great work!
Such a good piece....admittedly flew through this one since a August 1 🇨🇭our National Day but what caught my eye was Lacy Hunt who has been singing the “US much weaker than numbers show” tune for years. Someday he, Grantham, Jimmy Rogers, & Druckenmiller are all going to be right, in which case, as the Ami’s say “ gonna be up shit creek without a paddle & there’s a leak in the boat” 😷or something along those lines.
PS! Am glad U back on X FACTOR or whatever it’s called by @elon these days - sorta think - getting interesting w/ all this AI. UFO, CHINA, US stuff.
Danke Dir Hombre!
Ike, or whomever wrote those words, eloquently covered those costs that are so often not considered.. what should have been, what could have been; and most often completely unnecessary.
Concerning Yellow, I was unaware of the bailout, but had just read that Yellow had taken on massive debt in acquisitions of competitors and such. Wonk-wonk.
Maybe opportunity cost?