1. Been excited about @JoeNBC's sustained convo today about @KBAndersen's new book Evil Geniuses: The Unmaking of America which explains how the Republican Party radicalized OVER ECONOMICS over the past 30 years. It was launched w the radical tax cuts in Reagan's presidency, but
More from Rachel "The Doc" Bitecofer 📈🔭🍌
1. You also have to give them a landing. It's tempting, I know, to take the pent up rage out on the only ones who respond to you (like @ProjectLincoln!) or Never Trumpers like @RadioFreeTom or @BillKristol bc they were "guilty" in the past or "waited too long" like @WalshFreedom
2. but at each of the big inflection moments where Trump lost support I've begged non-Rs to consider the fact that if Trump supporters see that they have nowhere to go, they will stay w the only people that DO accept them, & the price might actually be the collapse of democracy
3. which, until Weds, some people thought I was being hyperbolic about. I WASN'T! When the MAINSTREAM of a major political party divorces themselves from democratic norms & values & its supporters turn to a fictionalized world to justify their political party's actions, your
4. country's stability is at risk & one by-product of poor messaging on the Dem side is that extremism on the Right was able to not only take root in the Rep Party, it was able to take OVER the R party & become the party's mainstream- pinnacled w the presidential win via the EC
5. of Donald Trump, w/o the GOP paying any electoral price for their extremism. A healthy Rep Party might have found the courage to reject Trump's nomination & accept the short term costs that would have come w refusing to endorse his 2016 candidacy. But the Rep Party of 2016
If we want more Republicans to exercise Murkowski-like courage, we desperately need election reforms to allow them to do so without fearing for their political futures. https://t.co/pre6aLpnje
— Lee Drutman (@leedrutman) January 9, 2021
2. but at each of the big inflection moments where Trump lost support I've begged non-Rs to consider the fact that if Trump supporters see that they have nowhere to go, they will stay w the only people that DO accept them, & the price might actually be the collapse of democracy
3. which, until Weds, some people thought I was being hyperbolic about. I WASN'T! When the MAINSTREAM of a major political party divorces themselves from democratic norms & values & its supporters turn to a fictionalized world to justify their political party's actions, your
4. country's stability is at risk & one by-product of poor messaging on the Dem side is that extremism on the Right was able to not only take root in the Rep Party, it was able to take OVER the R party & become the party's mainstream- pinnacled w the presidential win via the EC
5. of Donald Trump, w/o the GOP paying any electoral price for their extremism. A healthy Rep Party might have found the courage to reject Trump's nomination & accept the short term costs that would have come w refusing to endorse his 2016 candidacy. But the Rep Party of 2016
1. SO MUCH more than that. What Barr & the GOP pulled off w the release of the Mueller Report was demonstrated mastery of the American media & the news cycle.
They manipulated both brilliantly.
The reason reporters are conditioned to report a stalled bill as "Congress failing
2. to pass a covid relief bill"- the norm of objectivity- has allowed the RNC/GOP/Trump to develop a system to manipulate the media into doing their dirty work. But never have we seen it orchestrated so deliberately & cleanly as it was to neutralize the Mueller Report. By his
3. "Letter to Congress" where he intentional mispresented the findings of the report on 2 crucial areas- the investigation's conclusions regarding the activities of the Trump campaign and Russia and whether or not the President's actions to damage/disrupt the investigation
4. constitutes obstruction of justice, Barr & the GOP team understood that if the report was released, the media would likely get out on its own this meaning: Trump campaign's contacts with Russia did not rise to criminal charges and that Trump can not be charges w obstruction
5. while being president. BUT, by sending out this letter that interprets the report for the media in advance (well in advance!) of the actual report- Barr can instead tell the media a different narrative, far more favorable to Trump. These, of course, go on to become the
They manipulated both brilliantly.
The reason reporters are conditioned to report a stalled bill as "Congress failing
Barr lied about the contents of the Mueller Report\u2019s findings to the public right out of the gate and repeatedly lied about them under oath.https://t.co/aul3Yjqno2
— Bill Pascrell, Jr. (@BillPascrell) December 14, 2020
2. to pass a covid relief bill"- the norm of objectivity- has allowed the RNC/GOP/Trump to develop a system to manipulate the media into doing their dirty work. But never have we seen it orchestrated so deliberately & cleanly as it was to neutralize the Mueller Report. By his
3. "Letter to Congress" where he intentional mispresented the findings of the report on 2 crucial areas- the investigation's conclusions regarding the activities of the Trump campaign and Russia and whether or not the President's actions to damage/disrupt the investigation
4. constitutes obstruction of justice, Barr & the GOP team understood that if the report was released, the media would likely get out on its own this meaning: Trump campaign's contacts with Russia did not rise to criminal charges and that Trump can not be charges w obstruction
5. while being president. BUT, by sending out this letter that interprets the report for the media in advance (well in advance!) of the actual report- Barr can instead tell the media a different narrative, far more favorable to Trump. These, of course, go on to become the
More from Economy
Thread on eminent people supporting farm laws:
Dr. Gita Gopinath, Chief Economist at IMF says "Farm bills are in right
Dr. Surjit Bhalla, executive director at IMF support farm
Godrej Agrovet Chairman Nadir Godrej tells Bloomberg that agriculture reforms are important for
Prof Ashok Gulati supports new farm
Vice-Chairman of Bharti Enterprises Rajan Bharti Mittal supports the new farm
Dr. Gita Gopinath, Chief Economist at IMF says "Farm bills are in right
Dr. Surjit Bhalla, executive director at IMF support farm
Godrej Agrovet Chairman Nadir Godrej tells Bloomberg that agriculture reforms are important for
Godrej Agrovet Chairman Nadir Godrej tells Bloomberg that agriculture reforms are important for India. pic.twitter.com/N6rnelLn0E
— BloombergQuint (@BloombergQuint) December 11, 2020
Prof Ashok Gulati supports new farm
Vice-Chairman of Bharti Enterprises Rajan Bharti Mittal supports the new farm
1/OK, let's take a little break from Coup Twitter, and think about an economic issue:
How can we build up the wealth of the middle class?
2/The typical American has surprisingly little wealth compared to the typical resident of many other developed countries.
This is a fact that is not widely known or appreciated.
3/Now, some people argue that stuff like Social Security or social insurance programs should be included in wealth. But I chose to focus on private wealth because I think having assets you can sell whenever you want is important to
4/For many decades after World War 2, middle-class wealth in America was on a smooth upward trajectory.
Then the housing crash came, and all that changed. Suddenly the rich were still doing well but everyone else was seeing the end of their American Dream.
5/Why the divergence?
Because the American middle class has its wealth in houses -- specifically, in the houses they live in.
It's the rich who own stocks.
How can we build up the wealth of the middle class?
2/The typical American has surprisingly little wealth compared to the typical resident of many other developed countries.
This is a fact that is not widely known or appreciated.
3/Now, some people argue that stuff like Social Security or social insurance programs should be included in wealth. But I chose to focus on private wealth because I think having assets you can sell whenever you want is important to
Yes, these numbers don't include things like Social Security, just privately held wealth. They're not an attempt to capitalize every possible future income stream.
— Noahtogolpe \U0001f407 (@Noahpinion) January 10, 2021
4/For many decades after World War 2, middle-class wealth in America was on a smooth upward trajectory.
Then the housing crash came, and all that changed. Suddenly the rich were still doing well but everyone else was seeing the end of their American Dream.
5/Why the divergence?
Because the American middle class has its wealth in houses -- specifically, in the houses they live in.
It's the rich who own stocks.
True that all the people cherishing the support of IMF or WTO for farm reforms need to cool it down a bit, because that is a model we do not want to emulate to the t in India here.
But here are some issues that deserve to be better discussed by all:
1. People who say we are emulating the Western model of agriculture are way off with this assumption. The process of primitive accumulation, the alienation of their people from their land and the way these 'first-world' countries have pushed their people into Industrial sector +
+ was a merciless phase.
But the same assumption won't work for India, because we have always had a large workforce in agriculture, agri subsidies have always run high, protection has been the hallmark of agriculture and rural representation in the parliament has always been+
+ high. Still, it is our utter failure from the beginning that we have not been able to incentivize the movement of our people to other lucrative sectors.
2. This brings us to the another point of providing MSP on all the commodities and the demand side of the issue that we+
+ conveniently ignore. Here's the thing, Food prices in India have about 65-70% weight in calculating the Consumer Price Index and 25-30% of wholesale price index. These indices affect the general price level in the economy i.e. the inflation. If MSP is offered on all the+
But here are some issues that deserve to be better discussed by all:
WTO backed by Western countries have always wanted to dismantle support systems for farmers in developing countries including India while pumping in federal payments to its farmers. Trump gave 46 billion dollars in 2020 alone to US farmers. pic.twitter.com/0V34ZQQq4J
— Ranveer Singh (@ranveersiiingh) February 4, 2021
1. People who say we are emulating the Western model of agriculture are way off with this assumption. The process of primitive accumulation, the alienation of their people from their land and the way these 'first-world' countries have pushed their people into Industrial sector +
+ was a merciless phase.
But the same assumption won't work for India, because we have always had a large workforce in agriculture, agri subsidies have always run high, protection has been the hallmark of agriculture and rural representation in the parliament has always been+
+ high. Still, it is our utter failure from the beginning that we have not been able to incentivize the movement of our people to other lucrative sectors.
2. This brings us to the another point of providing MSP on all the commodities and the demand side of the issue that we+
+ conveniently ignore. Here's the thing, Food prices in India have about 65-70% weight in calculating the Consumer Price Index and 25-30% of wholesale price index. These indices affect the general price level in the economy i.e. the inflation. If MSP is offered on all the+
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A THREAD ON @SarangSood
Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
I am quite different from your style. I follow the market's volatility very closely. I have mock positions in 7-8 different strategies which allows me to stay connected. Whichever gives best profit is usually the one i trade in.
— Sarang Sood (@SarangSood) August 13, 2019
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
Anilji most of the time these days Theta only falls when market moves. So the Theta actually falls where market has moved to, not where our position was in the first place. By shifting we can come close to capturing the Theta fall but not always.
— Sarang Sood (@SarangSood) June 24, 2019
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
This week has been great so far. The main aim is to be in the right side of the volatility, rest the market will reward.
— Sarang Sood (@SarangSood) July 3, 2019
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
There is a difference between theta decay & fall in vega. Decay is certain but there is no guaranteed profit as delta moves can increase cost. Fall in vega on the other hand is backed by a powerful force that sells options and gives handsome returns. Our job is to identify them.
— Sarang Sood (@SarangSood) February 12, 2020
