Jake Milenbaugh

[Jake Milenbaugh @JMilenbaugh]

@JoeRoganRecaps The US has far too much wealth concentration. Understand the physics of systems. It’s reaching criticality.

[Jake Milenbaugh @JMilenbaugh]

@PauloMacro @HFI_Research That’s the problem of a system with abundant energy and concentration. It can’t assess environmental risk or its own fragility as it continues to power law through structural problems. More and more energy exerted to maintain coherence.

[Jake Milenbaugh @JMilenbaugh]

@jam_croissant @LynAldenContact Really enjoyed this pod and the physics approach to markets. Nailed the Mesozoic era analogy. Truly brilliant and spot on… The hidden fragility of the system only obvious in hindsight: populism.

[Jake Milenbaugh @JMilenbaugh]

@alphaticaio You guys are the best out there.

[Jake Milenbaugh @JMilenbaugh]

@adamtaggart I do like the way you’re thinking about total balance sheet, though! Different framing. I didn’t check but believe you’re right.

[Jake Milenbaugh @JMilenbaugh]

@adamtaggart Available market (issuance) has increased but foreign share % has decreased. Domestic institutes are absorbing more share of the issuance. I agree UST absolute value held by foreign countries has increased, but share % objectively down. Very Japan esk.

[Jake Milenbaugh @JMilenbaugh]

@MenthorQpro It’s great to see someone report the real market news😂. US market merely a game exploited by 🔝 players that understand the systematic - mechanical - deterministic flows of the other players. Price insensitivity and orderly buying mimics the behavior of Soviet Union. Entropy ⬆️

[Jake Milenbaugh @JMilenbaugh]

@zrowgz @jam_croissant - Passive flows = substrate = mechanical flows
- No price sensitivity = Price irrelevant
- Systematic trading / positioning = deterministic = exploited
- Fundamental reality = irrelevant
- concentration = inelastic = collapse (eventually)
- system requires reformation

[Jake Milenbaugh @JMilenbaugh]

@traderhc Price. Counterparty risk. Laws of supply and demand. Highly concentrated asset ownership. Hedging only exacerbated their price problem. Fundamentals. Macro backdrop. Inflationary pressures on a poor society.

[Jake Milenbaugh @JMilenbaugh]

@TradingOhana @jam_croissant No one is an oracle… Until you see labor market meaningfully crack, 401K flows too powerful to combat. Entropy continues to rise until the concentration of asset ownership meets criticality. The system isn’t stable. The US markets pumping is exactly what adversaries desire.

[Jake Milenbaugh @JMilenbaugh]

@Polymarket @jam_croissant @jam_croissant how do you prepare for asymmetric risk in your personal life? Are you worried about subsystems (energy, credit, geopolitics) reaching criticality at the same time?

[Jake Milenbaugh @JMilenbaugh]

@AahanPrometheus 💯 agree - been having problems with these numbers since publishing.

[Jake Milenbaugh @JMilenbaugh]

@jam_croissant I see several attacking the safety and efficacy doing little research. The quality of the drug isn’t in question it’s marketing communication of the side effects. With everything in life, consideration of the trade offs must be assessed. Undoubtedly the drugs works.

[Jake Milenbaugh @JMilenbaugh]

@AntSpeaks It’s not a ponzi. It’s money laundering. Art is an asset that can’t be valued. I take a piece of shit. Wrap it in foil. Sell it for 200M. No agency can’t bulk at it. It’s subjective.

[Jake Milenbaugh @JMilenbaugh]

@BFW IU came out vs OSU last year and smacked them in the face. It was a game until a bad call offsides and a bad special teams play. Notre Dame we admittedly choked (though that game should’ve been in Btown). We were ready for adversity and bad calls this year. Appreciate the love.

[Jake Milenbaugh @JMilenbaugh]

@locoassembler @BrianRoemmele Yes, they’re called photons.

[Jake Milenbaugh @JMilenbaugh]

@SamanthaLaDuc You are wise and brilliant. To this, I also came to the same conclusion. System has a change incoming - phase transition incoming.