GoingForBroke

Know nothing, not worth a follow. Twitter is a double-edged sword. Most people suck. Cryptos will eat everything.

[Sawyer Merritt @SawyerMerritt]

Here is @SpaceX's full IPO roadshow presentation from CFO Bret Johnson, who has been CFO at the company for the last 15 years.

It's worth watching.

[mitsuri @0xmitsurii]

Jeff Bezos on how to deal with stress.

[Peter Mallouk @PeterMallouk]

Money does impact happiness, to a point.

Once income is high enough that basic needs are fully met, then it requires:

1. Gratitude
2. Being around positive people
3. Experiences over things
4. Being proactively kind
5. Time with key friends and family All within your control!

[Peter Mallouk @PeterMallouk]

Spend your time with people you love, enjoy and care about. Life is short.

[Peter Mallouk @PeterMallouk]

This is a great list of traits shared among many high performers. What’s missing? Or what do you find most important? In my experience the ultimate indicator is drive.

[Charlie Bilello @charliebilello]

Monthly mortgage payment needed to buy the median priced home for sale in the US...
April 2020: $1,480
April 2021: $1,690
April 2022: $2,400
April 2023: $2,550
April 2024: $2,890 (record high)

That's a 95% increase over the last 4 years.

Video: https://t.co/aZiy5jXlnW

[Liz Ann Sonders @LizAnnSonders]

Survey from ⁦@LendingClub⁩ shows that 65.5% of Gen Z were living paycheck-to-paycheck as of March, up from 58.3% a year earlier … share is greater for Millennials (73.2%), but increase from prior year (+0.3%) wasn’t as dramatic
⁦@Bloomberg⁩

[Christophe Barraud🛢🐳 @C_Barraud]

🇪🇺 #ECB PRESIDENT LAGARDE SPEAKS ON SPANISH TV - BBG
*LAGARDE: SEES HALF-POINT ECB RATE HIKE NEEDED IN MARCH
*LAGARDE: ECB MUST TAKE ALL NECESSARY MEASURES TO TAME INFLATION

[The Kobeissi Letter @KobeissiLetter]

“There seems to be no way to cure inflation without a period of low growth and high unemployment.” - Milton Friedman

40 years later and the Fed is taking the same view.

[Steve Burns @SJosephBurns]

US paid $853 Billion in Interest for $31 Trillion Debt in 2022; More than Defense Budget in 2023.

If the Fed keeps rates at at these levels we’ll be at $1.2 trillion to $1.5 trillion in interest paid on the debt

The US govt collects about $4.9 trillion in taxes: @WallStreetSilv

[Ayesha Tariq, CFA @AyeshaTariq]

Advertised savings rates at various lenders. With the Fed hiking rates, these have moved in tandem.

But, with the yield curve inversion, the longer term loan rates are not soaring as much, creating some pressure on the Net Interest Income.

[Daniel Lacalle @dlacalle_IA]

Why Central Banks Will Choose Recession Over Inflation.

@mises

https://t.co/N5Jy8RFDe7

[unusual_whales @unusual_whales]

🚨BREAKING🚨

I have just released the full trading report on politicians in 2022.

Despite 2022 being the worst market since 2008, both Democrats & Republicans beat the market.

Many politicians individually beat the market.

And many made unusual trades resulting in huge gains.

[Markets & Mayhem @Mayhem4Markets]

The housing situation is likely to worsen this year

[Steve Burns @SJosephBurns]

Everyone is a trader.

Some people trade time for a paycheck.

Some people trade tuition for a degree.

Some people trade risk for profits.

Some trade happiness for security.

Some trade principles for politics.

Some trade ethics for cash.

Everyone trades, few understand this.

[Jacked Aecus | Wisdom for Men @JackedAecus]

I spent 23 years as a shy person, now I can teach you how to be confident in just 2 minutes:

[Charlie Bilello @charliebilello]

The 30-year mortgage rate in the US has moved up to 6.92%, its highest level in over 20 years. In early 2021 it hit an all-time low of 2.65%.

[Diane Swonk @DianeSwonk]

Inflation is like a cancer. If left untreated it begins to metastasize and risks becoming a chronic condition with even worse outcomes. Saying all that, the treatment is also horrific and now the Fed has to be the oncologist and rid the economy of it before it gets worse. Hard.

[Markets & Mayhem @Mayhem4Markets]

As we approach CPI this Thursday, it's important to consider the leading contributors to inflationary pressure in prior readings.

Shelter, energy, and food are big contributors.

During September energy was volatile, which may help, but shelter is unlikely to have fallen.