Window dressing: : the act or an instance of making something appear deceptively attractive or favorable
The day before the official visit trucks were pulling in with all kind of food stuff regular people didn't see in ages.
I predict you have a question: what would happen with the window dressing items after the visit ended?
Of course not.
Fact is, nobody knows what happened with it. Trucks would pull in the back of the store, the workers would load them.
"Tonight again on the news (3 X),
Tonight again on the news, I've seen cheese,
Chorus: tonight again on the news (3 X),
Tonight again on the news, I've seen cheese.
https://t.co/fEPvy5fjSK
I even watched until the end, but that's no problem - because:
Tomorrow again on the news (3 X)
Tomorrow again on the news, I shall see cheese again!
More from Economy
It’s another company-saving a £50 million PPE contract shaggy dog story
Connections, connections
The *staggering* tale of a Tory Peer and a \xa350m PPE contract. https://t.co/SH2qxOmfQ4
— Jo Maugham (@JolyonMaugham) December 10, 2020
What a start to the story
“A bulletproof truck trundled down the road in downtown Lima, guarded by 18 policeman
They were wearing body armour & wielding high velocity rifles
No-one was taking any chances
This was a Special delivery for Peruvian Prosecutor for an anti drug trial

That was in 2011, the same year that Lord Chadlington’s daughter got married in Chadlington to Henry Allsopp.
Who was there?
Yes Kirstie Allsopp of Location, location, location and all this Covid nonsense fame) is his sister
Camilla, his Godmother
Jeremy Hunt
Cameron

Well. Come on. Lord Chadlington had been chair of the local Witney Conservative Association. It’s only fair.
Hang on. Julian Wheatland, Director of SCL Group/ Cambridge Analytica had also been chair of Witney Conservative Association...and campaigned for his mate Cameron
Are we sure Julian Wheatland and his side kick Alexander Nix were not there too @JolyonMaugham ?
I mean. They move in the same North Oxford circles.
"A trend factor using multiple time lengths outperforms ST reversal, momentum, and LT reversal, which are based on the three price trends separately."
https://t.co/udkvsdw2Lz

2/ This resembles combining multiple measures of ST reversal, momentum, and LT reversal (forecasts determined by walking forward rather than using signs from the full sample).
Unlike normal moving average signals, these are *cross-sectional.* More below:
https://t.co/wkIFLg9jtK

1/ Cross-Sectional and Time-Series Tests of Return Predictability: What Is the Difference? (Goyal, Jegadeesh)
— Darren \U0001f95a (@ReformedTrader) June 18, 2019
"The difference between the performances of TS and CS strategies is largely due to a time-varying net-long investment in risky assets."https://t.co/CSIn3ujN2R pic.twitter.com/XHnVmIart4
3/ Unsurprisingly, the Trend factor formed by this approach outperforms benchmarks in terms of both Sharpe ratio and tail metrics. It's combining momentum with two factors that are negatively correlated to it AND using multiple specifications.
More here:
https://t.co/x8Tloz3iyL

1/ An Executive Summary (in Tweet form) of our new paper
— Adam Butler (@GestaltU) March 27, 2019
Dual Momentum \u2013 A Craftsman\u2019s Perspective
Download here: https://t.co/Y9GlGNohBg
Everything that follows in this thread is based on HYPOTHETICAL AND SIMULATED RESULTS. pic.twitter.com/9m5YJnTdtq
4/ "Average return and volatility of the trend factor are both higher in recession periods. However, the Sharpe ratio is virtually the same.
"Interestingly, all of the factors still have positive average returns.
"Momentum experiences the greatest increase in volatility."

5/ "In terms of maximum drawdown and the Calmar ratio, the trend factor performs the best.
"The trend factor is correlated with the short-term reversal factor (35%), long-term reversal factor (14%), and the market (20%) but is virtually uncorrelated with the momentum factor."

[THREAD] 1/10
I know people think this is fun but -- why do we have a stock market? So productive firms can raise capital to do useful things. Detaching stock price from fundamental value (Gamestop is now worth almost as much as Best Buy) makes the markets serve the real economy worse.
— Josh Barro (@jbarro) January 27, 2021
What is profit? It's excess labor.
You and your coworkers make a chair. Your boss sells that chair for more than he pays for the production of that chair and pockets the extra money.
So he pays you less than what he should and calls the unpaid labor he took "profit." 2/10
Well, the stock market adds a layer to that.
So now, when you work, it isn't just your boss that is siphoning off your excess labor but it is also all the shareholders.
There's a whole class of people who now rely on you to produce those chairs without fair compensation. 3/10
And in order to support these people, you and your coworkers need to up your productivity. More hours etc.
But Wall Street demands endless growth in order to keep the game going, so that's not enough.
So as your productivity increases, your relative wages suffer. 4/10
Not because the goods don't have value or because your labor is worth less. Often it's actually worth more because you've had to become incredibly productive in order to keep your job.
No, your wages suffer because there are so many people who need to profit from your work. 5/10