Baconomics

Few original ideas, those that are, are probably wrong. Pet peeves: half-cycle breakevens

[Blake Scholl 🛫 @bscholl]

@JeffBezos @elonmusk If half the people don’t pay any tax, then we have 50% of the population with votes and no stake in how government is run. And they can simply vote themselves ever greater handouts at the expense of more productive people.

This would not end well for America.

[Om Patel @om_patel5]

stop spending money on Claude Code.

Chipotle's support bot is free:

[Baconomics @Baconomics]

Blue Albatross

[Dr. Julie Gurner @drgurner]

@TrungTPhan "You never actually own a Big Green Egg. You merely look after it for the next generation."

[Baconomics @Baconomics]

RT @ChrisBloomstran: CFA charterholddrs have until noon eastern today to vote their proxies. Sadly, a series of egregious proposals smack o…

[Christopher Bloomstran @ChrisBloomstran]

Just ran this. Wow. The Mag 7 were ~60% of the S&P 500’s 29% return over the past 3 years, despite losing 40% in 2022. They were ~15.6% of sales growth and an INCREDIBLE ~106% of net income growth. Yes, the 493 in the S&P ex the Mag 7 experienced an outright decline in earnings.

[Baconomics @Baconomics]

@YellowLabLife The “or its equivalent” seems pertinent here

[Comfortably Smug @ComfortablySmug]

@CliffordAsness @elonmusk @jakejakeny 🎯🎯🎯🎯🎯

[Baconomics @Baconomics]

@profplum99 396

[Baconomics @Baconomics]

The best thing about Twisters is that it’s reminding people how great Philip Seymour Hoffman was in the original.

[Baconomics @Baconomics]

@PeterZeihan Check out Orlando’s if you feel like changing it up!

[Three Year Letterman @3YearLetterman]

We have LSU students chanting at Hamas Glampers that they have zero SEC championships

No matter how long I live, I won’t top this https://t.co/eX7TtHiGjY

[Baconomics @Baconomics]

$shc secondary makes sense, mostly, for the PE funds as they’re each rapidly approaching end of life and need to start getting liquid. The executive and board participation is much less encouraging however.

[Baconomics @Baconomics]

Somewhat concerned to see $RCM featured on YAVB podcast. Through no fault of Andrew’s, that thing has a ~50% “kiss of death” rate for the stocks pitched.

[Michael Green @profplum99]

The stock market is NOT a stock index. While the Chinese stock INDEX is down, the market cap is up roughly 10x since 2002. Share dilution up the wazoo.

[Baconomics @Baconomics]

@energy_cruncher If he’s from Arkansas, mobile-homa, Louisiana, or just deep east Texas he’ll be cool with it. Might prefer possum if deep east TX actually.

[Baconomics @Baconomics]

@energy_cruncher Raccoon meat. Judges love it when you surprise them with that information post-tasting.

[Baconomics @Baconomics]

Been following this for a few months - UHNW P&C broker told me how bad it had gotten. Outsized profits likely await on the other side as the market already anticipates. $CINF worth a look - grabbing meaningful market share but are they underpricing risk? https://t.co/XyQiwROGht

[Baconomics @Baconomics]

Nit-pick this all you want but I’m comfortable saying that there’s no longer a favorable risk/reward to extending duration beyond the level required for proper goal hedging and/or liability matching.

[Bill Gross @real_bill_gross]

Forecasts of 3% 10 year in 2024 are farcical.

If Fed funds rest at 3% then 10 year average term premium of 1.1 indicates at 4% that we are there.

[Rabbi Shmuel Reichman @ShmuelReichman]

This is the best interview I have EVER seen.

Ever; ever; ever; nothing comes close.

Douglas Murrey has a heart – and mind – of gold.

And what unfolds in this seven-minute clip is something you need to watch for yourself. (Once you see it halfway through, you’ll know exactly what I’m referring to.)

But he articulates something which I have been trying to share for the past month:

The Nazis, as fundamentally evil as they were, believed that they were engaging in a necessary evil for an ultimate good; they still had a spark of humanity at their core; thus, their main flaw was that they believed the ends justified the means; even though they fully believed in the “result” of a world without Jews, they were still fundamentally opposed to the “actions” they were taking.

This is what motivated the Nazis to find ways of circumventing the existential moral decay they were entering, and allowed them to get creative by using the gas chambers, mass shootings (in the BACK of the head – to avoid direct facial contact), and other passive forms of mass annihilation, while also having as few Nazis as possible actually involved in these acts of murder; they then encouraged those individuals who were involved in this atrocity of mass murder to get drunk every night in order to wash away the person they started seeing in the mirror.

Thus, the existential decay of these individual Nazis actively involved in the mass murder of the Jewish People was simply seen as another layer of “the ends justify the means.”

They were the epitome of “Western” evil.

Hamas is the exact opposite.

This IS their value system.

They prize death, murder, rape, suicide missions, and everything that opposes the very foundation of values and truth to begin with.

The events of October 7th was not an end to a means… there is no future goal… this IS the goal.

They are the epitome of an evil the likes of which we have never before seen.

Please – I know this is social media and some people only watch 60-second soundbites; but please, please, please watch this brilliant interview.

Douglas Murray – you are a credit to everything worth being credited.