BC ECONOMY

Larry Schweikart
@LarrySchweikart 5 years, 5 months ago 885 views

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.

The only way that debt comes down is if rest of world flips to trade deficit status w/US (I.e., trades accumulates $USD from prior trade surpluses w/US for actual goods & services). Not likely anytime soon. $USD as global reserve currency requires massive public debt.
— David "Most Vicious Dogs & Ominous Weapons" Herr (@davidcherr) January 15, 2021

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Larry Schweikart
@LarrySchweikart

1) My friends, I will share with you publicly what I've been sharing with many of you privately.

2) The time for faith is not when you are getting your way, when everything is going well, when all your "prayers are answered."

3) That's the exact opposite of faith.

How We Can Keep the Faith in America When Everything Is Shaken https://t.co/gJKWXJYdnc @DailySignal #AAG #AAG2020
— All American Girl (@AIIAmericanGirI) January 14, 2021

Larry Schweikart
@LarrySchweikart

1) 538 walks it back:
Right now, in fact, the polls are not showing a Democratic turnout advantage. Instead, based on a comparison of likely-voter and registered-voter polls, they’re projecting roughly equal turnout between the parties,

2) with Republicans’ demographic advantages (older, whiter voters typically vote at higher rates at the midterms) counteracting Democrats’ seemingly higher enthusiasm.”

3) Give little Natey a week and he'll see what we see: An R turnout advantage.

Larry Schweikart
@LarrySchweikart

1) Raise your hand if you remember how the RINOs and neverTrumpers ridiculed us in 2015 when we supported Trump saying, "he fights!"

Remember how much abuse we took for that?

Guess what.

We now have Justice Kavanaugh largely because both Trump and K fought.

2) Trump had every opportunity to bail on Judge K. I'm sure he asked the Judge, "Do you want to keep going through this? Cuz I'll stand by you if you do."

3) Either of the Bushes, McTurd, Minion,ANY other leading R would have bailed on Judge K the first time Balless Edsel talked

3) Do you RINOs, you neverTrumpers get it yet?

It is ONLY because Trump "fights" that ANYTHING gets done--trade treaties, tax cuts, immigration control, denuking Korea.

You can't have Falstaff and have him thin. You can't have victories & play nice with Commies or DemoKKKrats

Larry Schweikart
@LarrySchweikart

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 . . .

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.

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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.

Dinesh Sairam
@Dinesh_Sairam

1/ Since "liquidity" has been the buzzword these days, here's an anecdote and a powerful lesson from history about printing unlimited amounts of money. Story time. #fintwit

2/ Our story begins with Mansa Musa or Musa I of Mali, an African king who consistently figures in the list of richest people in the world (Inflation-adjusted). One of his given names was 'Lord of the (Gold) Mines of Wangara'. Lest we forget, Gold was the 'Money' in those days.

3/ One fine day in 1324, Musa decided to go on a pilgrimage to Mecca. Of course, it was easier said than done. Mecca was ~8,500 Kms away from Timbuktu, Mali. Ultimately he did make that journey and it has been recorded in the script "The Chronicles of the Seeker" by Mahmud Kati.

4/ Famously, he took a ton of 'money' (Gold) with him to aid in his journey (Well in his defense, it was ~8,500 Kms). About 60,000 laborers and soldiers carried 2 Kgs each and their camels carried 13 Kgs each, bringing the tally to an estimated ~1,30,000 Kgs of Gold.

5/ Being a generous King, he donated Gold left and right to every poor person he saw on the way. Regions of Cairo, Medina and Mecca became instantly 'rich'. The estimated donation is ~32,000 Kgs of Gold or ~$2 Billion in today's estimate.

Richard Murphy
@RichardJMurphy

As some will have noted, there were a lot of reports yesterday on the fact that £50 billion of banks notes are missing in the UK economy. This got me thinking. And as a result I have to suggest that finding that £50 billion of cash would not be hard. Here’s how to do it.

As the Public Accounts Committee of the House of Commons has noted, around £50 billion of banknotes in issue have no explained use. In other words, they do not appear to be used for regular cash transactions. What their alternative use might be is not known.

Some could be in the possession of tourists, who have not bothered to exchange them on leaving the country. But the amounts involved would be small.

A bigger sum might be cash savings under the proverbial mattress. This is entirely plausible. It is possible that some of this will be related to benefit fraud: the amount of savings a person has can have a significant impact on their ability to claim a number of benefits.

There is no doubt that a significant part of this money Is used within the shadow economy. That can cover activity where tax is evaded, of course. But it also includes drug dealing and many forms of human trafficking and abuse.

Nick Huber
@sweatystartup

On Sep 3rd 2020 we closed on a 120k sf glove factory built in 1890 in a small NY town.

Has 45k sf of self storage inside and had $14k a month of net operating income at closing.

Let's breakdown this deal.

A THREAD on creating $2 million out of thin air in 18 months...

👇👇

First saw the property on Loopnet in mid 2018. I ignored it. Who wants to try to operate a business in an old factory in a dying NY town.

A few months later I reached out. Broker sent me financials. They were good. $24k a month in revenue and $10k in expenses.

So I visited the property. It was old. Needed a new roof. Full time manager. Only accessible to customers 9am-5pm M-S. No autopay. A lot of folks paying 1/2 market rent.

I loved everything about it.

But I knew they were going to have trouble selling this thing no matter the profitability, so on July 1 2018 I made a low offer. $750k + seller pays for new $250k roof + $20k in environmental work.

Countered at asking price + $100k credit towards roof.

I ignored the response.

Broker called me back mid September of 2018. Make another offer, he urged.

I knew it was a good biz so I got more aggressive - $1MM + seller pays for roof / environmental.

Declined. Countered with $1.2MM but they'd give me a new roof and do the environmental.

Nick Hanauer
@NickHanauer

Long rant: So earlier today, I got into a spat over the $15 minimum wage with @JamesSurowiecki and @noamscheiber. Because this disagreement over whether there is a mechanical relationship between raising wages and less jobs is incredibly consequential, I wanted to say more.

Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.

Noah Smith
@Noahpinion

Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.

One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
— Paul Krugman (@paulkrugman) November 20, 2018

See this thing that @lymanstoneky wrote:

And see this thing that I wrote:

And see this book that @JamesFallows wrote:

And see this other thing that I wrote:

Brian Armstrong
@brian_armstrong

1/ Productivity tip: when I keep procrastinating on something I often trick myself by saying, "ok just work on it for the next 20 minutes" or some short period of time, "and then you can chill/relax guilt free" and give myself some treat (sugar, netflix, etc)

2/ Usually at the 20 minute mark (sometimes I set a timer) I'm so engrossed in what I'm doing that I don't want want to stop and end up working on it for the next hour or two. But getting started seems to be the hardest part.

3/ Key to this: you have to actually be ok with stopping after 20 minutes and being guilt free if that's how you feel. So it's not a trick, i have the option every time, I just often don't want to use it once i'm in the zone.

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.

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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.