1) Well, also there is this:

For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.

1) Where we are: This is much, much bigger than a fraudulent election (it was) or rampant gubment tyrannical China Virus abuse (it is).

2) What we are facing has been building for a good 30 years.

3) I date it back to the GOP failure to defeat Clinton in the gubment shutdown.

4) If you went to public school, that would be the 1995 budget battle.

5) The brand new GOP Congress, with plenty of public support, failed to rein in a Clinton bloated budget.

6) It wasn't the numbers. Compared to today's deficits & debts, this was pocket change. Rather, this was the first time since the Cold War, which was a legit excuse for constant deficit spending, that Congress failed to do its MAIN constitutional duty--oversee spending.

7) No, this isn't a thread about deficits or debt. At present, I don't think those pose the biggest challenge to us, or even probably one of the top five.

8) Rather, this is about a deadly disease that hit DC & the patient refused to take any medicine for it.

9) The disease was the failure to address the major problems of the day, whether it was deficits, Islamic terrorism, the banking crisis, or trade.

10) Vote fraud & this frankenstein of an election is only the latest SYMPTOM of this much larger disease.

1) Voting in Cuyahoga County (OH's Manhattan for its blueishness) has dramatically increased.

2) Bad news right?

3) Er, no. "And increases are coming from Republicans and unaffiliated voters."

4) Now, we have to watch unaffiliated voters, but my OH guys--"The Accountant" and "Ohio Wan" developed a statistical model in 2016 that appears to be holding for assessing how Us will vote.

5) It's not bad for us at all.

6) So, here are the raw numbers:

Eighteen days out in 2018:
D 68,760 (44 %)
R 39,080 (25%)
Us 48,206 (30 %)
Total 156,251

2014:
D 75,675 (55 %)
Rs 33,964 (25 %)
•Us 26,854 (19 5)
Total 137,053

"Republicans appear energized" due to the Kavanaugh

1) https://t.co/ejQmeU5YIu

First the Hill/Cook, now this. Folks, they are aware they are losing or have already lost the House. The last big vote suppression push is on.

Yesterday, two NC polls basically put all the "at risk" NC seats out of reach.
Before that, TX and OH's vulnerable seats were pretty much off the board (Sessions is ahead but close).

NY now down to two vulnerable seats with the R leading in one. Both are red.

3) UNLIKE THE LIBS, I will tell you . . .

I.
Can.
Be.
Wrong.

But I'm not seeing a DemoKKKrat takeover of the House. At most I have them with 19 flips---but that is really stretching it and that's them running the table.

4) Meanwhile, we had news of a D-R potential flip in AZ1, where Wendy Rogers has gotten out to a surprising lead.

This goes along with the expected two flips from MN. There are at least two others out there, possibly three.

5) Meanwhile, in the world of real voting, in blue Montgomery Co., OH we have the following in absentee balloting: R=11,041, D=7,087, I/U=12,609

Well, you say, all those indies may vote D.

They didn't in 2016. Based on 2016 votes and voting history of EVERY SINGLE HOUSE . . .

@Garrett_Archer Let me suggest something, in love.

Earlier, you said and I agreed with you, that the Trump side should be looking to poke holes in their case. It would only make it stronger. I wanted you to be a part of the hearings here.

Now, I think you need to do the same.

I'd like to see you approach the state's case--that there's no fraud--with the ferver of a full Tumper.

Earlier you admitted that, yes, if 35,000 votes were programmed as a baseline in Pima, it would be possible if 35,000 paper ballots were inserted there.

That wouldn't . . .

be hard to do. In fact, while I agree with you that it would be almost impossible to do it statewide, it would NOT be impossible to do it in several select locations. When a few thousand votes decide an election, this would do it.

So I challenge you to start again.

Start with the eyes of someone who sees fraud (cuz is sure as HELL looks that way). For example, pollsters are wrong. But Richard Baris is rarely wrong. When he misses, it's by a half a point.

His AZ poll was "off" by over 4. Maybe he just erred. Maybe not.

Give it a try.

Show everyone that indeed you ARE the AZ Data Guru and mount the most substantive case you can for fraud before you set to knocking it down.

I think both sides should be represented before the full AZ legislature, under oath, questioned by both sides (NOT ACCUSED but questioned)

1) All of us are disgusted & fed up with the Republican Party (except a few perpetual grifters in DC).

2) There are calls for a new "Patriot" or "MAGA" Party. I get it. Good intentions. But there are structural reasons why a new party will fail & why we have to take over the GOP

3) When I say "structural" some people gloss over that as if it's unimportant.

It's fundamental. You don't build a house on a bad foundation. If you set up a commerce site, you have a structure as to how you take payments.

You may wish you could go outside that structure . . .

3) contd . . . but if you want your money, you have to either work in the structure or completely obliterate the site. You can't have two competing sites for your money.

4) Likewise if you want to get in your house, you may have 20 keys, but the car key usually won't let you in

5) The structural basis of parties is unchangeable. It was set in the 1820s by Martin Van Buren as a way to protect slavery with the DemoKKKrat Party. But it's also embedded in the Constitution with the "winner take all/single member district" system of representation.

6) This has resulted in a 200-year-old system that is set in place. First, Van Buren, to get people to support a party that would protect slavery, had to reward them with something big.

Jobs.

He created the "spoils system" of rewarding loyalists with party & gubment jobs.

1/ In @RayDalio's perspective, we are at the very late stages of the long term debt cycle. These long term debt cycles typically take 50-75 years to play out. This cycle began in 1945 when World War II ended and we began the US dollar-dominated world order.

2/ In the words of @RayDalio, "Right now, the world’s major central banks have the least fuel in their tanks since the late 1930s so are now in the later stages of the long-term debt cycle. Because they come along about once in a lifetime most people aren’t aware of them."

3/ Central banks have spent the last decade in a race to see who could devalue their currency the fastest. Near 0% interest rates have meant increased printing of the dollar, euro, and yen. Central banks no longer have the ability to tighten credit so they print money.

4/ Being towards the later stages of the long-term debt cycle there is a global sovereign debt bubble similar to what we saw in the 20's & 30's. In 2019, global debt-to-gdp hit 322% with total debt reaching a new all-time high of $253 Trillion.

5/ The wealth gap has also expanded to levels last seen in the 30's. Historically, inequality and large wealth gaps have eventually led to dire consequences. Periods of conflict and social unrest often marked by taxes, revolutions, or wars.

This oil crisis inquiry report once public is going to irk quite a few. Although, this will point towards incompetence of authorities, you can't take the credit away from the PM.

OGRA Ordinance was promulgated in 2002. The rules were not made till 2016. 14 Years of running on SROs, having no legal value. #OilinquiryReport

All oil import decisions are based on data provided by a non-statutory body i.e. OCAC. There is no mechanism in place for the government authorities to verify the authenticity of data provided by a representative body of all OMCs.

90% of the OMCs did not maintain requisite 20 day stocks during Jan-Jun 2020. DG Oil remained mum. In cases of some OMCs the stock suddenly jumped from 0 in may to over 100 days in June. Classic case of hoarding.

The authorities failed to lift sufficient stock from refineries in Feb and Marc, and then ban on imports came, a ta time when oil prices were dwindling. All in the name of Keeping the refineries safe from glut. End result: eventual shortage in Jun and potential saving loss

A few thoughts on tax policy. Thread:

So you are worth >$100M or perhaps even a few billion. There are only two ways to become this rich.

1. You start a business that becomes very successful.
2. You inherit wealth from your family. 1/

Whether you created a great company or inherited a lot of wealth, you are now sitting on a capital asset. You don’t really have any ordinary income (not meaningful to be relevant) and you never will. To the extent you ever pay taxes, it will be capital gains. 2/

The highest tax rate that the super rich will ever pay on their income (or wealth) is 20% capital gains tax. So, the super rich pay the equivalent effective tax rate of any American earning $75K (when you include FICA taxes). Same as a teacher or a cop. 3/

The question following from this obvious injustice in the tax system is the appropriate policy for taxing capital income. Economic policy would suggest that the best tax rate on capital is 0%. Why? ...4/

...Because in a capitalist society you want capital flowing efficiently without friction to its most productive use. Benefits of that are obvious. 5/

Took the 6 yo old out for some local lock down exercise on his bike. Park too busy to cycle through, so we did a loop on local roads because that's the only other option without driving somewhere. Here's how it went (a thread) @CycleSheffield @CyclewalkSCR @DameSarahStorey

The 6yo doesnt cycle in a complete straight line yet so one of us cycles abreast of him just in case. Lots of drivers waited patiently for a long time before overtaking slowly and safely. Thank you for this. Sudden accelerating engines make the 6yo less likely to stay straight.

Some drivers, sadly not an insignificant number, decided they needed to get past more quickly and more slowly than was safe. Where were they all going to and why the need to be so impatient? It's not like there is anything to get to quickly at the moment.

Drivers coming the other way were generally the biggest threat. The roads were double parked with people using the park (worst I have have ever seen) resulting in narrow road space. Drivers did not slow down to adjust to this or to us cycling alongside the 6yo.

One driver overtaking a parked car had to encroach on to our side of the road. Instead of waiting he pushed out and shook his head at us. Did he think we shouldn't be on the road with a small child or did he just think he had priority? Either way he was wrong.

Why do we track institutional footprints? 🐘 (Thread)

Large institutions like mutual funds, hedge funds, banks, insurance companies, trusts, etc. amount for over 75% of all volume. These institutions move the market, not you and I.

It makes sense that if these guys are moving the markets, we would ideally want to buy the same stocks they are buying, but before they buy them? Right?

So, let’s get a clear understanding of how and why this is so important and what this might look like behind the scenes.

For starters, let’s discuss what we mean by a large institution. In this case, we are referring to the many funds, pensions, trusts, etc. that are responsible for managing tens, if not hundreds of billions of dollars.

Hence, they easily attract and can afford to retain the planet’s top talent, not to mention, their research budgets are enormous.

They have access to information and resources that the retail crowd simply does not, and if they did, it would likely be extremely unaffordable.