Quote of the year nominee from Secretary Yellen’s Senate testimony: [Senator Ron Johnson: "You are going to drive the debt to $50 trillion."] 👉🏻 Yellen: "Yes, but what I believe is the single most important metric for judging the fiscal stance of the country is real net interest as a share of GDP."

My most frequent orange-pilling objections: 1) “blah, blah, blah, Warren Buffett…” 2) I can’t understand it 3) “blah, blah, blah SBF…”

#dogma

Now this is a new federal holiday I can get behind wholeheartedly - more worthy than at least four other existing holidays, IMO. You might prefer to add others, but in my view freedom is the essential quality which allows us to live fully as humans. I can’t think of any other single event in our nation’s history which is more purely emblematic of freedom than what enslaved Americans began to realize in Galveston 158 years ago today. Redemptive of a truly evil practice, sorrow that it took so long to begin rectifying, and incomplete, sure, but also joy. #Juneteenth seems like something we call all celebrate.

GM. #inflation is a regressive #tax. #Bitcoin fixes this. Also, BD. La #inflación es un impuesto regresivo. #Bitcoin soluciona esto.

TL;DR: this rubric helps us characterize #stocks in our universes for each of our investment strategies. I hope you find it useful. We use a fundamental factor scoring system (worst: 0 to best: 5) to suggest the #quality of the company. Then we project worst case & best case 5 year price targets to estimate the upside potential.   High quality companies (4s & 5s) with attractive upside to our worst case scenario never automatically qualify for #investment, but they do get flagged for deeper #fundamentalanalysis. Good #companies with currently unattractive stock price upsides are considered for our "Bullpen." We are neither deep value investors, nor do we short stocks.

At this point in the #Inflation battle I'd like to be able to say that #ModernMonetaryTheory has lower odds of launching a successful comeback than the Hannah Montana franchise, but I'm preparing to be disappointed.

GM As the US drained the strategic #petroleum reserve to mitigate price spikes resulting from the #Russian oil embargo, #opec was running Muhammad Ali’s rope-a-dope strategy. After yesterday’s production cut announcement, the score is officially: OPEC - 1 US #petrodollar - 0

This is long and complex but the author has a keen understanding of how capital flows globally. TL;DR: the rapidity of withdrawals which suddenly ruined U.S. banks two weeks ago might have been coordinated and could happen again. http://www.deepthroatipo.com/how-to-wreck-a-big-old-gsib-bank/

Honest question: why must bitcoin be seen as either / or - as a money or an investment? Interest Rate Parity shows how even established fiats attract capital for short term investments, and Bitcoin offers long term structural potential of 2-3 orders of magnitude greater than fiat. For the foreseeable future it looks like both to me. What am I missing?

$USD - the cutest kitten at the fiddle factory

#inflation is an evil regressive #tax.