BC ECONOMY
Saved by @SteveeRogerr

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.

More from Larry Schweikart

Larry Schweikart
Larry Schweikart
@LarrySchweikart
1) FL absentees, early voting:

*Dems as expected ("souls to the polls Sunday") had a good day and FINALLY take the early walk-in vote lead by 6,100 votes.

Rs total: 1,151,593
Ds total: 1,092,547

Rs +59,046 combined lead. This is very good for this point in the campaign.

2) At this point in 2016, Rs only led by 40,000. I could be mistaken but I think yesterday was the last day polls were open on Sunday, so the final "souls to the polls" Sunday.

3) As of yesterday, four red counties were yet to report. That would likely boost the lead back to 70k

4) I don't think the FL Rs in their wildest dreams expected to lead this late in the campaign.

5) Likewise in NV:
Clark (with its union "encouragement" for members turned out big yesterday and added net 6,000 voters.

However---big however---neither Washoe nor the rurals . . .

(5) contd. . . were open yesterday. My guesstimate is that would slice that number in half.

While this helped, the NV Ds are still looking at a significant--to potentially massive--shortfall from their 2016 numbers coming out of early voting.

6) Gotta make sure you compare days to days. Calendars and voting days differ.
POLITICS
Larry Schweikart
Larry Schweikart
@LarrySchweikart
1) Last night I said we have 12 data points (AZ statewide, FL statewide +4 specific counties, IA + 2 counties, OH 2 counties, and NC).

Every single one was showing GOP turnout higher than midterm levels of 2014 and all but one (a county) showing turnout above 2016.

2) If I recall all the data correctly, D turnout/performance was below that of 2016 and, in the case of IA, below that of 2014.

3) Now we have two more data points to add: news out of WY that a net of 10k switched from D/other to R in last six months & turnout #s in Knox Co. TN

3) Out of 12 MEASURABLE data points--not polls which are opinions of what people "might" do in the future---every single one is favors the Rs.

4) I'll admit, I got a tad depressed for a minute yesterday when the latest Siena/NYT polls came out . . . before I was reminded . . .

4) . . they were making 60,000 calls to reach a mere 300 respondents.

SIXTY THOUSAND!

5) Who do you think is NOT responding?

Conservatives, Republicans, people with families & jobs.

6) That means these NYT polls are utterly worthless with a margin of error of 20% or more

7) So once again, we have real world data about what has ALREADY HAPPENED, stuff we can count . . .

and unreliable polls of the opinions of people who won't even vote about what they might do if it doesn't rain or if they don't have a hangnail that day.
ALL
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Larry Schweikart
Larry Schweikart
@LarrySchweikart
1) A little story about "exit polls."

2) The year was 2004. Kerry was supposedly leading W.

3) I was active in a key precinct in Dayton, OH, a true bellwether for ALL of OH.

4) Rs knew if their voters turned out (due to R registration edge) W would win.

5) I was assigned to do "poll flushing." This is when you go to the precinct at 10:00 am and 4:00 pm and check off all the Republicans who had voted.

Then callers will get on the phone to those who haven't yet voted & try to get them out.

6) The first poll flushing was normal and expected #s.

7) I went home and hear Rush going on and on about the exit polling showing a Kerry win.

8) Some of the conservative websites were melting down. "It's over!"

9) Drudge was going crazy with "exit polls" showing a BIG Kerry win, especially in OH which he had to have to win.

10) A little puzzled, I did my 4:00 flushing. Fully 90% of all Republicans had ALREADY VOTED . . . with three hours to go!

11) Remember, if our voters turned out, nothing Lurch could do. We had the #s.

12) I got back home, went on the boards and told people to cool down, that W would win OH and thereby the election. (He was up in FL, unlike 2000).

13) Sure enough, the exit polls were ALL wrong.
ALL
Larry Schweikart
Larry Schweikart
@LarrySchweikart
@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)
POLITICS
Larry Schweikart
Larry Schweikart
@LarrySchweikart
1) Gonna offer a hypothesis. This is NOT a prediction quite yet.

2) In the last couple of days the DNCC went back into IA1 (Blum) and VA10 (Comstock) and began placing ads again.

3) These were races they thought they had won in mid-summer. Barbara Comstock was the . . .

3) contd . . epitome of the endangered R who would lose her seat in the fall. She of course still might.

4) But this race was supposed to be over weeks ago. The fact that the DNCC is now having to fight for this territory tells me something.

5) I think the DemoKKKrat strategists can actually read. Moreover, I think they can read absentee/early voting #s as well as we can.

6) Which means they see they are getting buried. Even in NV, the only state of six where they have a tiny lead, I'm told that . . .

6) contd . . when the rural counties come in, Ds will be a shocking 41,000 short of their 2016 numbers (when Trump only lost by 27,000).

7) What does it mean they are now having to retake the "cities" they supposedly held? It probably means they never held them at all.

8) Their "leads" were always based almost entirely on polls.

9) But I think it means something more. I think the DNC is . . .

SCARED. TO. DEATH.
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More from Economy

Soham Das, CFA
Soham Das, CFA
@sohamdas
On Jan 6, 2021, the always stellar Mr @deepakshenoy tweeted, this:

https://t.co/fa3GX9VnW0

Innocuous 1 sentence, but its a full economic theory at play.
Let me break it down for you. (1/n)


On September 30, 2020, I wrote an article for @CFASocietyIndia where I explained that RBI is all set to lose its ability to set interest rates if it continues to fiddle with the exchange rate (2/n)

What do I mean, "fiddle with the exchange rate"?

In essence, if RBI opts and continues to manage exchange rate, then that is "fiddling with the exchange rate"

RBI has done that in the past and has restarted it in 2020 - very explicitly. (3/n)

First in March 2020, it opened a Dollar/INR swap of $2B with far leg to be unwound in September 2020.

Implying INR will be bought from the open markets in order to prevent INR from falling vis a vis USD (4/n)

The Second aspect is now, that dollar inflow is happening, and the forex reserves swelled -> implying the rupee is appreciating, RBI again intervened from September, by selling INR in spot markets. (5/n)
https://t.co/9kpWP7ovyM
ECONOMY
FARTCRAFT
FARTCRAFT
@caylenb
has anyone covering the Wall Street GME reaping and sowing gone into the fact that a lot of the GameStop and directly associated trades have been largely amplified by social listening powered mega firms doing machine learning automated trades because the “idea” of GME is popular?

like I thought this was a thing investor people & press just knew & instead it’s all just focused on the message of redditors clowning short sellers and not “the computers saw the infinite monkeys on infinite typewriters and decided That Would Be A Cool Thing To Emulate” for $$$

for those new: finance social listening is a marketing “science” that involves advanced web & social network data collectors scraping everything for nuance on companies, purchasing behavior & language, investor & finance sentiment, etc & using it to make billions of trades for $$

Musk & his core investor clique is notorious for doing this as are some other big hedge firms & finance firms - you take the raw off Bloomberg Terminal, Superdata, public social networks and headlines etc etc, machine learning the fuck out of it, collect money. A hype machine.

This has been going on for about 8 years but only got popular & competitive in the past 2, when firms realized the machines could do a better job with these data flows in setting up short term shorts & holds vs people - & they could also “game” media to effect other hype machines
ECONOMY
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Shravan Venkataraman \U0001f3a1
Shravan Venkataraman 🎡...
@theBuoyantMan
Interpretation of Financial Statements - preliminary filters.

1. Looking for sustainable competitive advantage:

When looking for sustainable moat, you wanna see consistency - in earnings, in having low debt, in having growing earnings, low spending in capital expenditures, etc.

The longer the company has existed, and if it sells you the same product for years (like Coca Cola), it reduces production costs and other costs (R&D, Training, marketing) slowly as the company ages.

When costs are reduced, margins and profits increase.

2. What to look for in an income statement:

Let's take a look at Apple:

i) You want to see earnings grow at a steady pace. Take a look at the net income below.


ii) Another thing that's important is a consistent and high gross margin.

As a thumb rule, Warren Buffett wants to see a gross margin of around 40% or above.

Although not quite 40%, it's around that range with respect to Apple.


Compare this to Apple's competitors.

Samsung's gross margins are around similar range, highest being 45.7% in 2018, and Huawei had a gross margin of 38.6%.
ECONOMY
micky finn
micky finn
@critpraxis
For those who haven’t heard, we are witnessing a globally coordinated plan (conspiracy) to use fear and safety as cover for a #GreatReset of the world economy & society. This is a planned and internationally coordinated strategy by the most powerful global elites-the ruling class

The aim of the global ruling class is to refashion global capitalism into what we can call neo-feudalist technocratic bio-fascism-or ‘global fascism’ for short.

The aim is for remaining liberal democratic rights and freedoms that have been in place at least formally in the ‘west’ for the last few hundred years to be eroded and withdrawn.

There’s lots of different terminology and branding, for example: Great Reset, Fourth Industrial Revolution, Technocracy. The main aim of this plan is the concentration of power over capital, wealth, people and nature in the hands of a the very largest corporations and monopolies.

This plan for a new phase of global capitalism is enabled by national states and governments, international organisations & quangos (EU, UN, NATO, IMF, WTO, WHO, Gates, GAVI). With no clear lines between state and non-state actors, this is also a form of global corporatism.
ECONOMY
Timoth\xe9e Parrique
Timothée Parrique
@timparrique
What a year: 203 essays about degrowth in English since the beginning of March. Here is a selection of some of my favourites. Thank you @fem_degrowth, @beth_stratford, @thedownshifters, @corbinkbarthold, @degrowth_info for these brilliant texts.

THREAD/

https://t.co/1lFaJM52RX

https://t.co/i5HOfZ19r7

https://t.co/DuPSrrqnzz

https://t.co/0ANveWdvFO
ECONOMY

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Zach Weinersmith
Zach Weinersmith
@ZachWeiner
Hey, for people interested in this stuff, here's a thread about a change we made to running our facebook account:

So, about 5 years ago, we got on facebook. Why? Well, facebook has a big audience and they like to consume on facebook. So, we started posting comics there, even though we got paid nothing and facebook made money off the free content.

Why? Because back then, once in a while, you would say "also hey, I sell books" or "hey, I'm going to be signing at this event" and your facebook followers would actually see it.

Effectively, the implicit old arrangement was "facebook lets me reach readers efficiently, and I supply facebook with free content they run ads on."

Over time, like a bad business partner, facebook basically made it impossible to reach your audience without *paying them*. Thus, you supply them free content on which they run ads, and you get nothing in exchange.
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Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
LACHIT BORPHUKAN : AN UNSUNG WARRIOR OF THE AHOM KINGDOM & THE GREAT BATTLE OF SARAIGHAT

Originally named as Lachit Deca, Lachit Borphukan, the fierce and invincible Ahom Commander, was born during the early 17th century at Betioni in the Golaghat district of modern Assam.


His father, Momai Tamuli Borbarua was the ‘Governor’ of the kingdom and also ‘Commander-in-Chief’ of Ahom army under King Pratap Singha during his reign starting from 1603 to 1639. Lachit received military training from an early age and joined the Ahom King Jayadhvaj Singha...


...(1648-1663) as a scarf-bearer.  The post ‘scarf-bearer’ or ‘Soladhara Barua’ is considered as a part of the incumbent king’s personal staff. Owing to his military training Lechit was appointed "Ghora Barua", Supdt. of the Royal horses. When Chakradhwaj Singha became king..


..of Ahom dynasty in 1663,he appointed him Suptd. of The Royal Guards &finally he was appointed as Borphukan by the king.Then onwards,he was known as Lachit Borphukan.Borphukan used to be top councillor in Ahom Kingdom. This position was embedded with executive & judicial powers.


Assam was facing incessant Islamic invasion since Jan1662, when Mughal General Mir Jumla II attacked Ahom capital Gargaon. He never defeated Ahom king Jayadhwaja Singha as king retreated to hill &continued Guerrilla warfare.Prolonged fight &prospect of stalemate disturbed Jumla.
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ashkan soltani
ashkan soltani
@ashk4n
BREAKING: @CommonsCMS @DamianCollins just released previously sealed #Six4Three @Facebook documents:

Some random interesting tidbits:

1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition


2) Facebook engineered ways to access user's call history w/o alerting users:

Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.


3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.

4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.

https://t.co/PwiRIL3v9x
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Nikita Poojary
Nikita Poojary
@niki_poojary
One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

Read
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James Felton
James Felton
@JimMFelton
Butt plugs were originally sold as a miracle cure for headaches, acne, and insanity

Thread, article here and h/t: @qikipedia :
https://t.co/Ts84xnmWKJ


For a long time, medicine was pre-occupied with the question "can this be solved by putting something in the butt?"

Take, for example, tobacco smoke enemas, in which 18th Century physicians saw drowning victims and attempted to de-deadify them by blowing tobacco smoke up their rectums with a pipe.


Despite having no medical benefit whatsoever, the practice was popular, and enema kits lined the Thames like lifebelts, ready to be used as one final humiliation for somebody who was crap at swimming.

This practice ended sometime after 1800 when it became apparent that it didn't really work, given how the anus famously isn't really connected to the lungs, but doctors weren't quite finished with having a poke around in the old anus to see what happens just yet.
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