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il10gic.bsky.social
Most overrated financial theories: 1) efficient market 2) risk free rate as the cornerstone of asset pricing Central banks have run over free market.
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While DOGE keeps chopping, Congress is now signaling a desire for even bigger cuts. The house budget passed last night extends the TCJA with 1.5-2tln in pay-for cuts to programs for the poor, outlining a big fiscal tightening ahead despite no deficit progress. Thread.

submitted 3 days ago • 3 comments

on.ft.com/3D6pMze

submitted 5 days ago • 3 comments

Both Jamie Dimon and Warren Buffett think their stocks are expensive and they’re both correct imo:

submitted 5 days ago • 2 comments

WSJ: Debt Has Always Been the Ruin of Great Powers. Is the U.S. Next? t.co/Pb7QgPypzR

submitted 5 days ago • 0 comments

don't be too excited about Japan's inflation "shock".

submitted 8 days ago • 0 comments

Periods of peak concentration have typically preceded periods of weak long-term subsequent returns. Today's concentration is the highest in 125 years.

submitted 11 days ago • 1 comment

Reminds me of February 19, 1993 when new Treasury Secretary Lloyd Bentsen told National Press Club audience that he wasn't going to comment on the dollar's value, but "I'd like to see a stronger yen"

submitted 15 days ago • 0 comments

The four charts that lead me to believe the economy continues to slow in a concerning way: 1) the average workweek is very low 2) manufacturing job growth is negative and is worsening 3) the hires rate remains early 2010’s sluggish 4) the largest publicly-traded homebuilder stock is cratering

submitted 20 days ago • 48 comments

Everyone concerned about data loss right now should learn about the End of Term Web Archive, which I believe has been working on preserving federal websites for the past 8 months. The dataset you fear has been lost may well be here Just an incredible project. Thank you to everyone involved

submitted 28 days ago • 26 comments

My latest post on @alphaville.ft.com on the paradoxes and contradictions in the business model of serial bitcoin accumulator MicroStrategy www.ft.com/content/e25e...

submitted 54 days ago • 4 comments

Seasoned investors have a chuckle when the investing masses pay two bucks for a dollar in the market, and sometimes they even hop onto the crazy train briefly themselves if they think it can temporarily go to three dollars. www.wsj.com/finance/stoc...

submitted 68 days ago • 0 comments

“I really do think that this is the death of Twitter.” @jenn.bsky.social @washingtonpost.com www.washingtonpost.com/style/of-int...

submitted 92 days ago • 37 comments

go.bsky.app/PVy7VNU

submitted 93 days ago • 1 comment

Paraphrasing this from someone, but an app built by 20 people which has 23 million high media consumption users is by some measures outpunching competitors that have 10x+ the users and literally 1000x the financial resources, seems noteworthy.

submitted 94 days ago • 17 comments

Musk admitted X throttles links, and Threads is only a little better. But social media's quiet war on links has been going on for years. I wrote about how big tech has been draining the open web's lifeblood and giving us "news influencers" instead of the news. www.washingtonpost.com/politics/202...

submitted 94 days ago • 99 comments

Incredible!

submitted 96 days ago • 0 comments

Not making a claim one way or another about what will happen, but seems like you could at least envision a world where Zuck’s empire feels a little pressure at some point:

submitted 96 days ago • 23 comments

LA Times owner getting his money’s worth for nixing the Harris endorsement

submitted 97 days ago • 156 comments

Make FSD legally legitimized faster, that is. The road will be endangered with erratic FSD misfunctions, for sure.

submitted 103 days ago • 0 comments

Making Sense of Markets in a Post Election World | Grant Williams and Ben Hunt youtu.be/4hwPinccnhI

submitted 104 days ago • 0 comments