drewburn111.bsky.social
Gardener, fly-fisher, Democrat, investor, old Midwestern white guy.
221 posts
340 followers
72 following
Regular Contributor
Active Commenter
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He loves a scapegoat.
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These both created a framework for trust in banks for small depositors and businesses, and introduced risk management for bank portfolios.
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This market behavior is NOT healthy for capitalism. Speculation is fine. Large banks facilitating it is not. This harkens back to the banking regulations of the 1930s. Those regulations were intended to secure banks AND reduce leveraged speculation. Simple
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Some, like Lehman, got caught short. Merrill Lynch too. But the other large banks, particularly investment banks were equally guilty because they were encouraging the speculation and just hoping to "jump out" of the action before the things collapsed.
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When there is a economic dislocation, for whatever reason, large banks will attempt to "game" the action by facilitating the "trade" of that dislocation (think the junk bond real estate disaster of 2008-2010, the Great Recession). They gamed the action for short term gains.
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A big one.
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Yes.
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What?!?!?! Indeed if true. Banana indeed. Makes not sense. Everyone likes free market until they can abuse them.
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Indeed. It is deep morality and civility. It is human kindness versus hate. It is Christian charity versus "Evangelical" greed. Civilization versus chaos. Ignorance and fear versus wisdom and tolerance. The best of humanity versus the worst, all unfortunately drawn out on a world stage.
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+/- overpriced. All depends on the AI growth versus real profits. That piece, versus their video card dominance, feels a little like the dot.com era valuations, though with some profits from video.
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I'd guess something like that too. Throw Trump a bone to save face. 50% is still huge though.
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Through them in jail. Can they not arrest the attorneys in the case for contempt?
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I think it was. Cheney pushed the idea of regime change and "Americanization." IMO we could have gone in much stronger, taken the country, instituted a police state. Maybe taken bin Ladin. And then left with some sense of organization.
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Imbecile is perfectly correct. Ignoramus is another good word. The man is a twit and a simple-minded dope. He just makes things up. He's a space cadet drifting in the ether.
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Problem with Bush II was he didn't do this. He was namby pamby. Listened to Cheney who had interests in a defense contractor. If you're going to fight, commit.
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The Powell Doctrine was right. We failed to implement beyond Desert Storm. If you decide to go to war, go all in. Get dominance SAP. If you decide NOT to go to war, then don't. Simple.
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Hegseth is an armchair commando. Clueless. Lethality? Give me a break. US Special Forces are the most lethal weapon we have. The ratio of enemy killed to friendly killed is absurdly high. Even in regular forces. How has Ukraine held up so well again Russia? American training.
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And a GOP loyalty oath of course.
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Options markets showed this.
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Sorry, Obama and Biden.
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Trump is obsessed with making his predecessors (Obama and Trump) look small and unsuccessful. This is not true, of course, as every economic indicator shows. They were more successful at foreign policy, too.
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There are lots of things the US government should continue to spend money on (many are the same things Musk wants to cut) but many are related to retaining US supremacy in innovation, technology, and productivity (and infrastructure.)
/5
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The huge deficits of WWII were coming down during this period, gradually and taxes were high. But the middle class grew enormously. The poverty of the Great Depression was largely erased. Then conservatives pushed for lower taxes, particularly on the wealthy. /3
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The US spent money on infrastructure, reindustrialization, educating GIs and others, rebuilding Europe and Japan. It wasn't until the late 60s that conservatives caused problem by pushing tax cuts on the wealthy. /3
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Ackman. Jebus! What a shill.
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Kinda smells like the stock is still overvalued. Like a lot of big tech.
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I think C was actually Crysler's symbol. Now it's Citi. Aging myself??
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W? Westinghouse? I think.
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Just hard to see the symbol as a curse. I think there are others, I'll check.
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LG as in Long Gone.
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I don't understand why people worship hedgies. Most of them had one BIG year. At least for the last 10-20 years. Lots of completion now. I think the one thing that binds them together is the carried interest deduction. That and they don't want their wealthy cliental taxed more.
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Sears. Why cursed?
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If you think your dishwasher doesn't work, try the pods. Then try them yourself.
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And he weakens his position because all those countries know that. He's used to being a con/shill for a small crowd.
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So is all our patience.
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At least the stupidest in political influence on financial markets.
Or, no, just the stupidest overall.
Greatest con man in recorded history.
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Come on Ivan. It's not a negotiation until it's a negotiation and...it may not be a negotiation.
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Perfect.
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WTF isn't he screaming at Trump. Because he's afraid to. Fink is one of the oligarchs who should be paying much, much higher taxes.