A Capy Named Ben
@ubenjammin2
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Exit Liquidity Podcast, @Alto_money Advisooor (posts are my own), Mech Engineer, Macro / Crypto / Defi Nerd
Chicagoland
Joined March 2010
Boomers are gonna continue processing this for a decade… Treasuries: rekt Pensions: rekt Social security: rekt Retirement savings: rekt Wages: ⬆️ Energy: ⬆️ Goods: ⬆️ Services: ⬆️
🔴 FED'S GOOLSBEE: I'M STILL TRYING TO PROCESS WHY LONG-END INTEREST RATES ARE INCREASING.
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CZ pulling one out of the Arthur Hayes Playbook
[ DOOMER ] BINANCE $1B SAFU FUND BTC TWAP ACCIDENTALLY SET TO “SELL” INSTEAD OF “BUY”, EXPLAINING BITCOIN’S TUMBLE THIS WEEK: POST-MORTEM REPORT
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Collateralized Cheese Obligations.
This $200M bank is backed by Parmesan Cheese and is lending people money for cheese In Northern Italy, Credito Emiliano treats cheese like gold The bank currently holds 430,000 wheels of Parmesan worth about $200 million Real Parmesan takes two to three years to get ready
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Fed is rarely misaligned with government leadership. So most of the time an independent Fed doesn't matter. On rare occasions it matters a great deal.
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We are not a serious country…
Federal Prosecutors Are Said to Have Opened Criminal Inquiry Into Fed Chair Powell #MacroEdge
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They are begging for a rate cut - they are about to get a catastrophic collateral crisis📢🎯 Equity markets have corrected sharply since 21 November, when the New York Fed President hinted at a monetary policy pivot. The probability of a Fed rate cut this evening has surged from
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How else are you supposed to privatize gains and socialize the losses?
I find it fascinating that the eventual solution to the problem of high counterparty risk ended up being creating even bigger Too Big to Fail institutions! 😂 CME Says SEC Approved Clearing House for Treasuries, Repo
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The amount of people dancing on the grave of bitcoin in my feed right now tells me it is probably getting to an attractive level…
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The four horsemen of AI slopcalypse are monetary ragebait incentives, infinite dopamicontent production, algorithmic amplification of all of it, and the death of discernment
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Surely you listened anon… Surely you didn’t round trip all your profits again…
When Warren Buffett starts to noticeably underperform the market for long periods of time, it is time to think about taking some profits…
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Wonder what is gonna happen when the boomers realize that at the bottom of the barrel in their pensions/ life insurance and retirement portfolios of illiquid trash that was purchased in the ZIRP era and hasn’t been marked to market.
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If a banking client comes to his bank and says hey I want to borrow some cash to buy some Risky asset or a treasury note The bank says sure as long as you leave the risky asset in your account with us as collateral we are happy to do that. The bank facilitates the transaction
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This seems like an appropriate to highlight this gem I just rediscovered
I think people that say that rate cuts are going to come too late and that is why we will crash have the causality confused. Raising rates pushes money into the shadow banking system which in turn liquifies dollar denominated assets and leverage that is hidden from view. 🧵
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😢 RIP
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When Warren Buffett starts to noticeably underperform the market for long periods of time, it is time to think about taking some profits…
Berkshire Hathaway vs SPX since the April lows. Do you think Warren is feeling FOMO or licking his chops?
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Ideas and economic prosperity flourish together. The soil of a healthy society is fertile ground for both. If one of those two is suffering then you can be certain the other is too.
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Just as Benjamin Graham taught us…
This undermines everything you think you thought you knew about investments, but it makes a lot more sense when you think about the dilution of currencies and basic supply & demand of buyers & sellers. Do you think Hedge Fund guys can put a P/E ratio on Pokemon cards?
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IYKYK
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Reminds me of the Myst books (they are very good and you should). The Book of Atrus is one of my all-time favorite books.
Hyper Simulation and Erebor Google released a tool, called Genie3, that can simulate 3d worlds from prompts. DeepMind CEO, Hassibis noted that this would "allow them to make generative worlds" Previously for training robots, getting real world data was a huge bottleneck. See:
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