William Housey

First Trust Managing Director of Fixed Income, Senior Portfolio Manager

[Nick Adams @NickAdamsinUSA]

Bass Pro Shops is a magical place. Glad to see so many FIFA tourists enjoying American exceptionalism!

[The Athletic @TheAthletic]

The Mets fired Carlos Mendoza before Friday's game.

And Mr. Met couldn’t have been more oblivious to the misery.

🎥 @metsnewsletter

[Elon Musk @elonmusk]

@Austen Unfortunately, electric rockets are impossible

[Super 70s Sports @Super70sSports]

Michael Jordan went 25-1 in the last 26 playoff series of his NBA career. Read that again. Absorb it.

[William Housey @BillHousey]

An instant classic….turned a guitar into the ultimate life advice… brilliant.

[Darren Rovell @darrenrovell]

Top 10 all time graduation speech by Eric Church at UNC.

[William Housey @BillHousey]

Always a great conversation with @ROIssakainen on the #ROI #FirstTrust @ftportfolios

[First Trust @ftportfolios]

Oil spikes ⛽ →inflation fears → rates rise 📈
But here’s the key:

Most of the impact hits the front end of the curve.
That’s where the market has the clearest inflation visibility.

Full episode:
📺 https://t.co/StiwLBsxB2
🎧 https://t.co/23gWj7EAGz

#Macro #Bonds #ROIPodcast #FirstTrust

[Brian Wesbury @wesbury]

I still can’t believe this happened. The Board needs to go, too. I was a 30-year season ticket holder. I quit immediately when NU did this to him.

Pat Fitzgerald was vilified, then vindicated. His truth comes out at last | Opinion - USA TODAY https://t.co/Bb2uZcdeQm

[ESPN @espn]

There's only one way to prepare for a gold medal game 🍿

'Miracle' is streaming only on Disney+

[jim iuorio @jimiuorio]

Soldier field is gorgeous and an awesome place to be…that’s if you can be air lifted in and out. Otherwise i would never go back there…if the Beatles were resurrected and I got from row seats for free…turn em down without hesitation..least convenient venue I’ve ever been to.

[William Housey @BillHousey]

@BobStein_FT @historyrock_ 😂

[Polymarket Football @PolymarketBlitz]

The players mic’d up during Jim Cornelison’s National Anthem is a thing of beauty. 😂

Absolutely electric ⚡️

[William Housey @BillHousey]

@bobcareyfta @ChicagoBears 🤦🏻‍♂️

[Robert Stein @BobStein_FT]

If they could, the political elites in Minneapolis would simply have the government pay people for voting Democrat and being part of their political machine, but they can’t do that. The fraud schemes involving Medicaid and daycare are just other ways to achieve the same goal.

Medicaid even “better” because the money almost all comes from taxpayers outside Minnesota. That’s also why the daycare issue should have a bigger effect on Minnesota elections; the money comes from other Minnesota taxpayers!

This is another reason why reducing/eliminating the tax deduction for state and local taxes paid is a good idea. That deduction facilitates bigger governments, including rent-seeking political schemes like those in Minnesota.

#minnesotacorruption

[William Housey @BillHousey]

💯

[Mitch Rolling @mitchrolling]

Supply shortages aren't just about rising demand.

They also stem from dismantling the backbone of reliable power plants on the grid, leaving us short-handed.

Due to energy policies that prioritize emissions reductions over reliability and affordability, the U.S. now has less firm capacity on the grid than we did 20 years ago.

[Super 70s Sports @Super70sSports]

The greatest motivator in the world is your ass on the bench. Ass meets bench, bench retains ass, ass transmits signals to the brain, brain transmits signals to the body, body gets ass off bench and plays better. It's a hell of a sequence.”

- Bobby Knight

[Super 70s Sports @Super70sSports]

If you’ve ever wondered about the accuracy of history books, realize it’s only taken about 20 years for millions of people to not understand Michael Jordan is the GOAT. Imagine how distorted shit gets after a hundred years. Or a thousand.

[Brian Wesbury @wesbury]

Powell says if he can’t pay banks to hold reserves the Fed would “lose control over rates.” That’s because the Fed has flooded banks with so many reserves they don’t trade federal funds anymore. The Fed just sets the rate wherever it wants. It’s “Price Fixing.” There is no real market anymore. If the Fed stopped paying interest on reserves it would be forced to reduce its balance back to a level where there were no excess reserves. The supply and demand for reserves and bank trading desks would once again influence rates. Powell says doing this could be disruptive. So, here is what I hear. We grew our balance sheet so much that we can’t unwind it without screwing up the system. This is exactly what Democrats are saying about COVID-era Obamacare subsidies. Now that they are in place we can’t take them away without causing pain. This is no way to run a government. Keep making it bigger and more powerful and then say dismantling it will cause harm. Just stop. Stop it all.

[William Housey @BillHousey]

…seemingly one big Excel circular reference

[Brian Wesbury @wesbury]

I want to know how all this math works.