gsmith2307.sol

Skier, Investor. Driven by curiosity.

[Michael Nicoletos @mnicoletos]

Everyone's asking if the new Fed Chair is a hawk or a dove. That's the wrong question.

The right question: Does this administration have a plan
to grow the economy without the Fed's printing press?

The answer is yes. And almost nobody sees it yet.

Link: https://t.co/YIeWZsSdVv

#FED #KevinWarsh #US #Trump #POTUS

[gsmith2307.sol @GeoffSmith2307]

"A 'basis point' is just a percentage point. It has the exact same meaning and takes up the same number of words and I have no idea why finance guys like to say 'basis point' instead. Sometimes they shorten it to 'bips' because too many people have gotten wise to the basis points."

[gsmith2307.sol @GeoffSmith2307]

@ATabarrok The point he is making is that an artificial boost to demand caused prices to rise faster than they otherwise would have. Not hard.

[Donald J. Trump @realDonaldTrump]

TO MY GREAT FELLOW AMERICANS…

[gsmith2307.sol @GeoffSmith2307]

@mattyglesias Please translate into basis points

[The Free Press @TheFP]

Alarmists insist that the country is sliding into insolvency. But the government can balance its books far more quickly than most Americans realize. https://t.co/0JAC84RTPo

[gsmith2307.sol @GeoffSmith2307]

“But the government paid out around $1.5 trillion in Social Security benefits in 2024, and the IG estimates an improper payment rate of about 0.84 percent. That’s not bad for government work!”

Guy says $12.8 billion in improper payments is a pretty good job. By the way @mattyglesias this was a great opportunity for you to use 84 bps instead of 0.84%. I’m sure you have a much better grasp of “datasets” than the guy landing rockets…

[gsmith2307.sol @GeoffSmith2307]

You all might be shocked to learn about these things called LLMs that could read 2.5M emails in about 2 seconds. There’s a ton of interdepartmental redundancies. People working on the same thing without even knowing it. Not only does this weed out the people not responding, but could very easily connect folks working on similar topics. Your opinions on Musk’s ability to cut fat and improve performance aren’t so credible, since you haven’t run 6 different interconnected businesses at the same time, each with many thousands of employees. The 5 bullet points is a quick and easy data collection request and you act like it’s either worthless or brain surgery. Both are wrong.

[gsmith2307.sol @GeoffSmith2307]

@mattyglesias Says the guy who didn’t know the difference between basis points and percentage points, and let us all know in an article he authored. My money’s on the guy who sends things to space at 1/1000th the cost of NASA being smart enough to not “blunder away” veterans health programs…

[gsmith2307.sol @GeoffSmith2307]

I wonder what the tough roadblock was in negotiations that prevented this announcement 3 days earlier, or even 3 months if “who occupied the White House” didn’t matter 🙄

Reality check: "Trump will take credit for these spending commitments, but the rush to build AI data centers has been building for two years, and this money would likely have flowed regardless of who occupied the White House," - Sareen Habeshian, Axios

[gsmith2307.sol @GeoffSmith2307]

@mattyglesias You probably meant 0.5% not 50%. Basis points are tricky things!

[gsmith2307.sol @GeoffSmith2307]

.@coinbase @brian_armstrong the "contact form" on the website does not work and just goes in circles. Am trying to recover a deceased relative's account and now I'm on hold for a chat agent for 783 minutes. Please help

[Mike Lee @BasedMikeLee]

🧵1. In a meeting today with @elonmusk, @vivekgramaswamy, & @speakerjohnson, Elon & Vivek referred to the fact that, because unelected bureaucrats now make most federal law & control much of our economy, we’ve been stripped of the benefits of a constitutional republic.

[gsmith2307.sol @GeoffSmith2307]

@patrick_oshag Sounds like @DOGE should spend some time focused on the post office then...

[gsmith2307.sol @GeoffSmith2307]

@TheRepublic__ @AlderLaneEggs @BillAckman

[gsmith2307.sol @GeoffSmith2307]

#LetsBONK

[T-Rex @sir_rex_T]

So for every tweet that says #LetsBONK they are burning 1,000 BONK?

[gsmith2307.sol @GeoffSmith2307]

@Jason How many apartment buildings do you find acceptable to be taken over by gangs @jason ?

[Mor Edge Insight @MorEdge_Insight]

🚨🚨STOP THE PRESS🚨🚨PLEASE SHARE THIS WIDELY

The sensational and superb @Erin_Molan delivers the single best monologue you will EVER see and hear. Just WOW.

Thank you for saying exactly what the world needed to hear.

This is simply brilliant.

[gsmith2307.sol @GeoffSmith2307]

@mattyglesias @naval knows what a basis point is. I’m gonna go out on a limb and say that he knows a lot more than you on other things too.

[gsmith2307.sol @GeoffSmith2307]

@mattyglesias Guy who doesn't know what a basis point is tries to understand the Yen carry trade implications.