It's at least in part bc bond traders have a negatively asymmetric payoff structure and equity traders have the opposite, so when bond traders reach for risk it's potentially much more dangerous.
High oil prices are now good
War is now good
Big deficits are now good
Protecting sexual predators is now good
Presidential corruption and political insider trading is now good
Starting to think Trump voters got played.
Honestly for me a better overall experience than the US Open
We went three days last week and went back last night to watch Sinner v Fonseca. Perfect evening, low 70s. Got hotter today. Was heating up as I finished early round of golf before heading home (whence the pic). Will be hotter out there tomorrow. Lovely venue.
Indian Wells
Iran War Update:
They also did this in Afghanistan during Trump‘s first term and Trump didn’t say shit
I am being judged for not taking her to the beach already
No shortage of tools in the Trump administration
I thought they were sending the escorts to the straits of Hormuz
Big day for Jannik Sinner yesterday, he got to meet my wife.
Scenes from Indian Wells:
The Iran Deal and the Madman Theory Why pulling out severely damages American interests Nicholas Grossman Oct 6, 2017 https://medium.com/arc-digital/withdrawing-from-the-iran-nuclear-deal-is-trumps-worst-decision-so-far-a88356e3ff2c
If the United States ends up withdrawing, it sets the Middle East on a path to two possible futures: A nuclear Iran. War. Both are much worse than the status quo. From: https://medium.com/arc-digital/withdrawing-from-the-iran-nuclear-deal-is-trumps-worst-decision-so-far-a88356e3ff2c
"If the US ends up withdrawing [from the Iran nuclear deal], it sets the Middle East on a path to two possible futures:
1) A nuclear Iran.
2) War.
Both are much worse than the status quo."
Oct 2017, warning against breaking JCPOA, saying no "better deal" would arise.
I was hardly the only one.
Fed's Miran: Four quarter-point cuts still warranted this year to ensure the economy is supported in the event of an alien invasion.
Fed's Miran: Four quarter-point cuts still warranted this year to support economy in case of an alien invasion.
Indian Wells starts next week. 🎾
Make no mistake: she’s threatening to hurt Punch unless she gets fed immediately. Ruthless.
TFW you're old arguments for cutting rates didn't work out and you're desperate for new ones.
Nvidia results always trigger a high alert day for Law of Large Numbers usage violations.
LoLN doesn't describe the difficulty of an already huge value to continue growing quickly.
Yes, "everyone" uses it in this way. Yes, Investopedia capitulated and blessed this misuse. Doesn't make it right.
Glad you honed in on this one.
Sea lion pics.
IOW, if PCE is up and CPI is down, you can’t argue inflation is down. At best you can it's mixed.
And it’s misleading to tout inflation as a policy victory for Trump as Sara was doing—esp when declining components can’t be tied to policy and rising components can be tied to immigration and tariffs
IOW, if PCE is up and CPI is down, you can’t argue inflation is down. At best you can it's mixed.
And it’s misleading to tout inflation as a policy victory for Trump as Sara was doing—esp when declining components can’t be tied to policy and rising components can be tied to immigration and tariffs
Sara: inflation is lower
Carl: inflation went from 2.5 to 2.6 to 2.8 and now 3
Sara: yes, but inflation is lower
Punch is safe now
Bitcoin devasement
Bitcoin update:
"I don't want anything to happen to him while my mother's alive"
Too good
