My question is: in a situation like this, how do we figure out what component of FASB earnings is attributable to the green bars vs. the orange bars. It's pretty clear the market doesn't get it... yet
This is exactly what @saylor explained here: we would expect an mNAV of 1 in this situation, yet we would be reporting FASB earnings tracking the BTC price fluctuations. P/E multiple makes no sense.
This statistic came up recently in my work so spent time on it and wanted to flag that it seems that the Fred data changed slightly since Jan 2024. The number is more like 87% now, interestingly.
@Citibank Getting error message that is incorrect (daily limit for wires is $50,000). Google "citibank wire transfer customer service". Call number. Ask for assistance with wire transfers. Told "that option is not available". Terrible online #CustomerExperience#CustomerService !
Le Monde today claims that #inequality in France has not changed since the 1980s. Is this true? Is France the exception to this super clear chart from @BrankoMilan's Global Inequality book? lemonde.fr/les-decodeurs/art…
Prepping for my upcoming course The Making of the Market @rosaluxnyc @BklynInstitute A critical introduction to political economy. Starts February 28! thebrooklyninstitute.com/ite…