Truth is like poetry. Most people hate poetry.
Lost
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They house both the EU and ICC. Managing crisis with bureaucracy is literally in Belgium’s DNA.
Belgium is now *demanding an explanation.* In game theory terms, this is called "fighting paper with paper". Won't work. Especially against FIFA.
Will just lead to a continuous stalemate. Indeed, it's one of the classic blunders.
Here's what Belgium should try instead. 1/36 ✂️
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I’d like to report three chart crimes.
The "Iran is winning" narrative debunked in three charts, two links, and one headline.
thehindu.com/news/internatio…
businessinsider.com/iran-war…
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This is what we call “panican”
🚨🚨More quotes from my phone call with president Trump: “The Iranian strikes didn’t hurt anybody. Hopefully Israel is not going to retaliate. If Bibi strikes them back it’s just gonna keep going like the last 47 years, or the last 3000 years"
🚨🚨Trump added: "We are very close to a final deal with Iran. It is going to be a good deal. I don’t want it to blow up because of what is happening now"
🚨🚨Trump stressed: "I am going to call Bibi right now and tell him not to retaliate. Each of them had their fun. Israel had its strike and Iran had its strike. We don't need another one"
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Which means the job losses we’ve seen were for other, probably worse, reasons….
@MauiBoyMacro
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See Goldman Sachs. Absolute collapse. 14% defaults on a single loan portfolio that represents 1.5% of its assets. They’re packaging and selling dog shit mortgage securities where every class is getting multiple downgrades and even highest rated securities in the bond are on negative watch.
Bonds linked to hotels and condos now failing to levels matching office real estate and rent-locked multi-family (~10%)
DSCR MBS securities dropping to 1.02 in bonds and 4% default rates.
Atleast Reuters is picking up on how bad the collapse is. Bond holders are losing everything as this plays out.
Bumper returns promised by the $3.5 trillion non-bank lending industry are giving way to rising defaults and falling income. On this week's Viewsroom podcast, @Breakingviews columnists discuss how old-guard financiers juiced the trade with extra leverage reut.rs/42OmFFm
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Dave retweeted
When simulation becomes the norm, it weakens the human capacity for discernment. As a result, our social bonds close in upon themselves, forming self-referential circuits that no longer expose us to reality. We thus come to live within bubbles, impermeable to one another. Feeling threatened by anyone who is different, we grow unaccustomed to encounter and dialogue. In this way, polarization, conflict, fear and violence spread. What is at stake is not merely the risk of error, but a transformation in our very relationship with truth.
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Dave retweeted
In the 1920s there was radio mania focused mostly on one stock, RCA. The stock fell peak to trough about 98% during early 1930s, and yet radio’s growth never slowed for many more decades. Even if you predicted a half century of radio dominance, you would have lost money on RCA. $NVDA
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Dave retweeted
his palms are sweaty, knees weak, bags heavy
there’s vomit on his patagucci already, mom’s spaghetti
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Dave retweeted
The everything bull market was a 18 year long sociological experiment conducted by Harvard University. The study is now complete, thank you for your time.
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