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Thetexashammer

Certifiably Surly
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Everything posted by Thetexashammer

  1. As stated, I am VERY long bonds at the moment. I am expecting turbulence in August/September. The only thing holding up the index of leading indicators is the S&P500, the index is already mildly in recession territory. When the index drops, investors (fingers crossed) will start to feel the economic decline. It's been very gradual, but also very real. Chipotle just reported that customers are holding back. Home builders are down, home prices are down, retail spending nominally flat. Airlines in recession. This is not what prosperity looks like. Ergo, limited price increases. Rates are coming down, and it's due to lower growth and lower inflation.
  2. If I am a company, and I declare that I own $2 trillion of securities, but I actually own $1 trillion, I will get put in jail. That is fraud. Hell, why not claim $100 trillion in assets. You seem to think accounting can be done without reference to economic substance. You are embarrassing yourself.
  3. And in exchange, we received the gift of almost 50% inflation. I think you buried the lede. The growth in money supply around 2020-2022 posted above was caused by the Fed. The same fed that ignores money supply as a causative factor in inflation. The retardation in that $2.5 billion building is astronomical. The Fed is "independent" but this will do nothing to stop the impending death spiral/money printing. In actual fact they are accelerating it.
  4. So you think it's an asset. What is the nature of this asset? Bonds, stocks? What is it? The money is gone. To engage in fake accounting to pretend you didn't lose a trillion dollars is to commit fraud. It's that simple. There is no "asset" there. The proper accounting is the write down your assets, not pretend you still have the money. Nobody disputes it is a true economic loss.
  5. Lyn Alden has a good explanation. Bottom line, you will read that it is an "unrealized loss" and this is true but irrelevant. It is a real economic loss of a trillion dollars. The reason I am not impressed with "political independence" is that we are going into an inflation death spiral. And the fed has already caused inflation with QE and balance sheet expansion. They don't even include money supply in their Dynamic Stochastic General Equilibrium model. I don't think presidents should have a money printer, but I don't think anyone should have a money printer. And the idol worship around the fed, and their general lack of understanding of the economy, it's a farce. The fed doesn't set rates, the market does. That said I am tactically long bonds. Rates are mostly based on inflation and growth expectations. Both are currently falling.
  6. I'll never understand the motivation. White people are no better than the rest of you losers.
  7. I looked and saw IBRX was up and I was like "shit I missed it". Then I read the press release about Anktiva getting approval in the UK for bladder cancer. OK cool and all that, but selling to the NHS to treat bladder cancer isn't going to move the revenue needle a whole lot. I studied the investor presentation, but the problem is the balance sheet. The are hemorrhaging cash and there is no clear roadmap to cash flow positive state, even if the product looks great it's years away I think. I would welcome a more detailed analysis than my back of the envelope calculation.
  8. That was weeks ago and I swear I am a changed man.
  9. I was on Shaggy, not Hornfans. No central bank. Yes, what led to it was the transfer of your money and mine to wealthy bankers because we wouldn't want them to be made uncomfrotable. Holy shit did you just call it a deferred asset? I was a CPA, I get double entry bookkeeping, but you just indict yourself as one of the fraudsters when you do that.
  10. What kind of dollar loss would qualify the fed as a rogue agency? Would $1 trillion do it? Is that enough to be "rogue"? Obviously I would say yes. I wasn't on Hornfans, friendo.
  11. There will be a lawsuit and the facts will be determined. The reason I posted her video would be obvious if you watched it. The intensity of the whole thing is remarkable.
  12. If Candace is wrong, and this is highly likely, this will be one of the all time greatest defenestrations.
  13. We don't need to steal from the Okies to beat them. They are in the toilet for the next four years, he'll probably transfer anyway. It's not a double win this time, they are garbage and to garbage they will return.
  14. So where is the brother? I have some breaking news for you. OJ was actually guilty. Your insistence on trusting the system is ludicrous. This isn't 1992.
  15. Last I heard from her, she made some extremely ignorant comments about Israel and got fired from the Daily Wire because Ben is Jewish. I am very interested in how this story ends.
  16. Why are people getting sued when all you have to do is spit in a cup or provide a hair sample? I've done both of those things. I think most of us have. I hate the use of the phrase "timeline" the same way I hate "bucket list". But this is an interesting timeline. If Candace is wrong, and she clearly isn't getting broad support from her community, it's wild to hear her talk. There is a climactic moment here that is not often seen.
  17. I've been in Venice during normal times. I've been in Venice during COVID. The difference is incredible. During COVID I was riding my bike down the middle of the road and there was no cars at all. For "the readers", I was trying and mostly failed to explain the dilemma between the prosperity that vacationers bring, the general poverty of the local population, and the philosophical contradiction that creates. What I heard from a lot of people when I was there, and I totally support, is that Italy is for the Italians. There are a lot of emotions in play in the vidoe posted above.
  18. However this turns out, it will not alter my values or political position at all. There is no policy matter under discussion here. However, if you insist upon creating enemies I am sure you will find them.
  19. If her chromosomes are XY, that is a matter of biology. Her allegations, wild as they are, are factual. She is stating that there is no brother, along with a host of other factual statements. I speak some French and spend a lot more time in France than most people, so maybe it's more interesting to me that it is to other people.
  20. I think Macron, at best, is the victim here. While I acknowledge she's a public figure, she's just living her life. It's like attacking Melania or Michelle, it doesn't really sit right.
  21. I saw it on a news feed. I don't think this ends well for Candace. I went to her website to find her response. And whatever you think of her, that response is amazing. I'm here for the car crash.
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