A note on macro data:
NAIRU(natural rate of UE) is currently ~4.3%, a significant change from the previous decades of ~4.5-5%
Generally,
UE=NAIRU => Labor market equilibrium => “stable” inflation
UE<NAIRU => Economy operating “hot” beyond full capacity, labor market is tight leading to wage inflation => upward inflationary pressure.
UE>NAIRU => Excess capacity, Higher Ue, often wage disinflation, downward inflationary pressure.
“RENT CONTROLS” is simply a type of price ceiling acting as a binding constraint when set below market Eq.(Qd>Qs)=> -S
Effects of ceilings/floors:
SHORTAGES!
Rental quality decrease
Massive decreases in both short & long term AS(Aggregate Supply)
Black Markets
Decreased mobility
Higher Inequality
This is why, in a nutshell, Javier Milei > the ∑ of all “alphabet soup feminist commies”
There’s a fundamental misconception about what “amnesty” really means. Amnesty is looking the other way: no consequences, no accountability, just more chaos. That’s the system we’ve had for decades.
The Dignity Act ends it with enforcement, accountability, real penalties, and ZERO tolerance for criminals. That’s not amnesty. That’s law and order!
BREAKING - NYC voters are shocked as Zohran confirms he will be moving forward with his campaign promise to tax White people at higher rates to help alleviate burdens on black residents.
“The wealth of a White household in the city is $200,000, while that of a black is $20,000.”
$LTC
#Litecoin
Litecoin has never been the same since the founder dump, detailed that top, and it might serve a better purpose as some sort of stablecoin if wants to have a future.
On the Short frame we have a little basing/consolidation channel, and breakout could get us to ~$70 , the long frame, however, IS somewhat problematic and i will cover this in more detail in a future post.
S1 @ $50 ; S2 @ $22 ; S3 @ $0!
*Hint no H.H & p.action vs $BTC 🤮
Note : As detailed in prev posts, Q1 is generally the most negative for crypto.
$ETH
#Ethereum
IFF this “provisory peace” or whatever the fk it is holds , we might have a setup to ~$3,000 on the “short time frame”.
Chart #1 : Ascending Triangle trying to find a breakout @ $2,350. IFF we can get a volume push @ $2,350 , the breakout will target $2,930. If the “peace” fails, this could very well morph into an inverse flag, with S1 @ $2,100 , S2 @ $1,850 & S3 @ $1,500. Very risky but worth keeping an eye on.
Chart #2 Breakout violations of this magnitude have consequences, as thoroughly detailed in previous posts, and $1,500 + churn continues….
Some years ago i made a post about how relocating from NYC to TX & FLA was by far the best risk management trade decision i have ever made. I still own a very small investment footprint in the city, but that can be easily liquidated on a short time frame.
W.S has been slowly relocating to TX & Palm Beach for a series of years now, and the full blown race conscious communism (equity)taking over the city and state will devour whatever is left of the middle class in NYC/NY. While “equity” communist initiatives are largely contained to the coasts, however, i have a feeling that due to the weakness inherent in the Republican party, it will soon spread to a federal format especially if the left takes power.
We gradually transitioned from a democratic welfare state to full-on race communism between the 1960s and today for two reasons:
1. The beneficiaries of our race laws went from 10 percent of the population to a majority in places like NYC and soon a majority nationally.
2. We bent a lot of rules to give black Americans a one-time boost thinking they’d catch up. That didn’t happen, so now the choice is either go back to colorblindness and the rule of law anyway even though it means unequal outcomes, or let the government keep meddling more and more in the name of racial equity.
Worth remembering that during the IRAQ-IRAN war, the Iranians sent soldiers to walk in front of tanks and act as human land mine detonators.(sheer fanaticism)
In game theory, the “madman strategy”
is a coercive bargaining move where a player acts irrational, unpredictable, or insane in order to attach credibility to certain categories or classes of threats.
In theory, this forces the opponent to concede in order to avoid catastrophic escalation. This strategy changes the game's payoff matrix, largely ignores traditional cost-benefit analyses, & challenges conventional Nash Equilibrium outcomes.
It has often proven inefficient when the opponent is fanatical(irrational actor) or does not believe the threats.
For those unfamiliar with the FED dynamics:
For the #FOMC , the only “vote” that really matters is that of the chairman. Historically, if the chairman becomes the minority opinion he has the option to resign - see Volcker. Aside from that, the rest of the public voting is largely irrelevant.
🚨“WE GOT HIM! My fellow Americans, over the past several hours, the United States Military pulled off one of the most daring Search and Rescue Operations in U.S. History, for one of our incredible Crew Office Members, who also happens to be a highly respected Colonel, and who I am thrilled to let you know is SAFE and SOUND!” - President Donald J. Trump 🇺🇸
It is somewhat naive to believe that selling a socialist-marxist byproduct like “ESG/DEI/Stakeholder Capitalism” is amoral.
This is a semi theological experiment, and its “diphthong” reverberates continuously:
“Abandon the amoral coldness of individualism and take refuge in the moral warmth of collectivism”. They are selling a convoluted type of morality that fundamentally denies both reason and the meritocracy of free market capitalism.
#FOMC
I’ve argued for some time now that part of the “emergency toolkit” policies deployed by the Bernanke FED during the 07’-08’ crisis need to be dialed back. I was specifically referring to the communication policies promoting FED Presidents to speak to the media. Fed presidents, & specifically political hacks like @Austan_Goolsbee should be permanently muzzled.
Full blown leftwing accounts masquerading as “centrists”:
“Trump is engaging in projections of war crimes…”
Hey, what’s a projection of a war crime vis a vis disabling infrastructure used to support enemy capabilities and how do you frame supply chain inelasticity coefficients?
Pathetic.
So the democrat party is asking each American Citizen for $573, & each American household for $1,500 PER ANNUM, to pay for illegal immigration.
This didn’t need to happen, and American Citizens didn’t ask for it, but it did happen and we are paying for it because the democrat party needs electoral votes.
Unlike the Iran dust up, this $1,500 honorarium will be paid in perpetuity, or until the democrat party achieves the power it desires.
Bitcoin is a check and balance on inflation. When spending gets too far out of hand, capital moves to Bitcoin.
Competition benefits customers, and this applies even in the market for money. In this way, Bitcoin will help preserve dollar dominance.
He inspired the generation who embraced Western ideals and ultimately toppled the communist regimes across the Eastern Bloc. ( Watch Chuck Norris VS communism on $NFLX if you have a chance).
My ultimate childhood hero and the motivation behind my decision to take up martial arts at an early age. A unique & extraordinary man & a true American Legend.
RIP Chuck Norris
https://t.co/mCnNWZDgN4