Working Together, Restoring Trust.
Low-carbon sustainable inclusion ESG diversity equity buzzword nonsense.
Do you suffer from FOGS? “Fear of Getting Screwed” (“It’s the reverse FOMO”)
Never any accountability - ever - for these Fed clowns…
Almost 70% of American wage earners made less than $55k in 2020, according to the Social Security Administration. Of course inflation is a very big problem for them. For Jay Powell and Janet Yellen, not so much.
$SNAP
Here’s an annotated 32-year daily linear $SNAP chart:
This is not Schadenfreude, it's Déjà vu.
I do miss really, really horrific monetary policy though. Oh, wait - never mind…
"People are going to go make a prediction about inflation based on TIPS prices? That's nuts. The whole thing's manipulated." - Harley Bassman
“It’s painful to get back to normal after really being in a fantasy world…”
Hey grandma - remember when I put you in the Roundhill Ball Metaverse ETF last Fall to try to get some capital appreciation? Funny story…
That’s a bingo:
Oh good - I hear Bill Ackman is tweeting again.
Apparently there is little chance of a recession in the next 12 months, or something:
Then again…
Typical MSM Bullshit: This extraordinary event takes place at a watershed moment in history from 22-26 May 2022, convening nearly 2,500 leaders to tackle global issues and find solutions to the world's most urgent challenges including the ongoing global pandemic, the war in Ukraine, geo-economic shocks and climate change.
Reality:
Speaking of Davos…probably nothing…
“Jeffrey [Epstein] requested I send you the below wiring instructions for the Mongolian meeting Larry Summers had in Davos”. ($100k, 2014.)
(International Peace Institute KPMG Forensic Review, 2020)
Sorry I’m missing this:
We hit $2 trillion yesterday. Something about the plumbing.
How far we’ve come…
From a year ago: "Mega Landlords Are Snapping Up Zillow Homes Before the Public Can See Them" "Cerberus, which manages $53 billion in assets...recently borrowed $2.5 billion against a portion of the property portfolio at a fixed rate of 1.99%" Sorry, kids.
"Capitalist democracy & western versions of Socialism have till recently taken [free speech] for granted...It is only, or at any rate it is chiefly, the literary & scientific intelligentsia, the very people who ought to be the guardians of liberty, who are beginning to despise it" - George Orwell, 1945 (I’ve noticed that some of my deleted tweets and threads are available on archive.org. Good to know.)
"We are living in a very dangerous age in which insatiably greedy men are prepared to sacrifice anybody’s health and tranquility to satisfy their own insatiable greed for money and power." - Carroll Quigley
Rachel Blevins on being hated for doing real journalism
"I’m not saying you're self censoring. I’m sure you believe everything you’re saying. But what I’m saying is that if you believed something different, you wouldn’t be sitting where you’re sitting." - Chomsky
"Propaganda very often works better for the educated than it does for the uneducated." - Chomsky
"Of course they hate us. They see us as people who write about them as hicks and losers and idiots, and who are not on their side - and why wouldn't they hate us, right?" - Matt Taibbi
"...to understand our media class: the number one priority in their entire lives, above and beyond literally any other, is to earn insider status with other people in media. That’s it. That is their lodestar, their true north."
If you remember, the warden in charge when Jeffrey Epstein died was PROMOTED "to a leadership position at another federal correctional facility". If you also remember, Epstein trafficking buddy Jean-Luc Brunel was suicided back in February:
"British and French media reported that no cameras recorded the alleged suicide at the jail, one of the toughest facilities in France, which has both high security and VIP wings that have housed some of the country’s most infamous prisoners."
Hmmm
Failed regulator and bank motivational speaker Janet Yellen:
I had nine years of this sort of stuff below on Twitter, now all unavailable (without tedious digital archeology on my part):
The good thing is we get the next FED DECISION in just 22 days, so there’s that.
"Dishonest money begets dishonest statistics, dishonest accounting, dishonest balance sheets, dishonest means, dishonest objectives, dishonest compensation policies, and dishonest relationships; that it begets ambiguousness and corruption in every aspect of life..." - Tony Deden
Rudy you're the best. Miss you in Twitter but still love reading your threads everyday on here. Keep being you, wish others were this passionate.
My favorite economist joke. You probably know it.
Two economists are walking down the street. They see a pile of dog poo. E1 says to E2, "I'll give you $10k if you eat that." E2 takes him up on the offer and they keep walking, passing another pile of poo. E2 says to E1, "I'll give you $10k if you eat that." E1 takes him up on it and they keep walking. After a few minutes, E2 says to E1, "I can't believe we ate dog poo." E1 replies, "Dude, we didn't eat poo. We initiated $20k in trade activity."