Jacob Gordon

Economics. Metal. Hockey. Cars & Motorcycles. Motorsports. Hot sauce connoisseur. #Bitcoin

[Russ Greene @GreenPlusAnE]

When boomers are done, the median first-time home buyer will be 48, the national debt will be 60 trillion, the code of federal regulations will be a quarter million pages long, and they will not at any point have been vaguely aware of what they did to this nation.

[Justin Amash @justinamash]

This moment increasingly feels like the post-9/11 George W. Bush era—the jingoism, the arrogance, the demagoguery and appeal to emotion, the denial and denigration of due process, the abuse of the word “terrorist” to refer to persons who haven’t even been charged with a crime.

[AG @AGHamilton29]

Honestly don’t know what’s going on.

You have well known liberal pundits finally arguing for growing the pie instead of trying to redistribute it and that the bureaucracy is failing people while prominent people on the right are adopting Marxist talking points about the need to accept sacrifice for the common good.

A lot of people insisting that the same free market system that dragged millions out of poverty and made America the richest country in the world is the real problem. A system where even our poor have a higher standard of living than the middle class in almost every other country on earth. But it apparently isn’t working because goods are too cheap and people, when given the choice, prefer white collar jobs to working in factories nowadays.

And of course none of the people saying all this are the ones who actually work in those factories. They just assume someone else wants to.

Did you actually ask the people who are employed in service jobs while we have 4% unemployment if they prefer to work in plants? Of course not.

Instead you’re clapping like seals as the captain drives the ship towards the iceberg. And then getting mad at some of us for screaming there’s an iceberg ahead and you can’t just spin your way out of the damage to the ship after you hit it.

Trump thinks he’s going to be FDR but instead he’s headed into Herbert Hoover territory. While the WH and social media is full of yes men telling him it’s brilliant and that the ship will magically bypass the iceberg.

He has the chance to be a very successful President. Americans support policies to secure the border. They support deportations of people who shouldn’t be here. They want a strong FP that uses American strength to punish enemies and secure American interests. They are even understanding of some pain to cut government waste and fraud. But most of all they care about their pocketbooks. They voted for the booming pre-COVID economy of Trump’s first term. They voted for growth, lower pricing, and low unemployment. They might even tolerate some questionable threats to achieve cooperation on key issues.

But they didn’t vote for central planning of our economy. They didn’t vote for trade wars. They didn’t vote for crashing our economy based on a wacky theory on how to refinance our debt. They didn’t vote for higher prices or job cuts. And no amount of spin will deflect the blame for those things.

You can pretend we don’t know what happens when you hit an iceberg, but we do. And the predictable next step is the same people downplaying the harm will be calling for price controls and blaming the consequences on everyone else (can’t wait for the “greedy corporations” lines).

You can do what you want but don’t say we didn’t warn you. And please stop pissing on our feet and telling us it’s raining.

[Justin Amash @justinamash]

First declare a fake “emergency.”

Then announce “reciprocal tariffs,” using a nonsensical metric.

Then hand out subsidies to benefactors harmed by the tariffs.

Then blame companies for the economic malaise the government caused and impose price controls.

This is the playbook.

[Jeremy Kauffman 🦔🌲🌕 @jeremykauffman]

I like abundance and prosperity

[🥷🦅Austin Wade Petersen 🇺🇲🥋 @AP4Liberty]

You will own nothing. And you will be happy.

[James Lindsay, anti-Communist @ConceptualJames]

The anti-car agenda in NY and especially NYC is very transparent. It's an anti-liberty movement. Cars enable freedom of movement.

[Dago Supremacy @DagoSupremacy]

LOL. I’ve always wondered this. I fly someplace, rental car reservation already done…when I get to counter I spend 95 seconds there, grab keys and go. Others at the counter having existential debates and long winded/seemingly high stress conversations. What is that about?

[Charlie Bilello @charliebilello]

US housing affordability is worse today than the peak of the last housing bubble. The median American household would need to spend a record 47% of their income to afford the median priced home for sale.

https://t.co/l5IYmkeySJ

[KC-10 Driver ✈️ 👨‍✈️ B-737 Wrangler @MCCCANM]

Ok, here’s what I know:

- First, nobody really knows anything. The pilots probably have some idea, but they may not know, either.

- I’ve seen no indication the plane was in distress beforehand.

- The Tower controller audio sounds normal. Canada has had an ATC shortage just like the US, but there is no indication that played a role here.

- The runways had compacted snow, but read mostly as “condition 5”, which is not that bad as far as being slippery (it’s a 0-6 scale, 6 is dry, 5 is wet *or* some coating of snow / other contaminant).

- The winds were strong & gusty. There are multiple sources for wind data; the ATIS was reporting stronger winds than Tower & a slightly different direction, but both were strong.

- The airplane may have been near its “crosswind limit” depending on which weather source you use. That doesn’t necessarily mean anything, though.

(Crosswind limits are the extent that the airplane was tested & certified to, not an absolute limit. You could exceed them, but it would be tough explaining why you chose to)

- Whatever happened, it happened quick.

- It’s unusual to see airplanes end upside down, but when you do there is usually more casualties & a big fire. Lucky, and fire services seem to have responded pretty quickly.

- The NTSB will assist (since it’s a US airline), but Canadian authorities will lead the investigation.

- The jet is a regional CRJ 900, being called Delta but it’s operated by a different company. That relationship is complicated.

- Regionals are sometimes seen as a stepping stone to major airlines with inexperienced pilots building time to be competitive for a job at the majors, but that isn’t always the case. Many regional pilots are quite happy to stay at the regionals & have 10,000 hours or more.

- The two high profile accidents (DCA) were both regional jets, yes, but I see no pattern or connection there with the evidence available; these are very different crashes.

I try not to speculate on these things, though it’s very tempting; not because I know anything, but because pilots are kind of built with a desire to know how something can happen, and now, so we don’t do the same. “If it can happen to that crew, it can happen to me”. I don’t always follow that rule as close as I’d like, but I’m going to do my best to avoid speculating.

Politics should stay out of this. I highly doubt any political policy had anything to do with this.

Is this stuff happening more frequently lately? Well, we’ve certainly had a bad stretch. Some of it is more exposure, and until recently that’s all I thought it was.

That does NOT mean I think something is going on, though. We might go the next few months with absolutely nothing happening (which would be remarkable) and even out the year thus far. You can run the numbers any way you want to on this stuff, and I expect you’ll see scary graphs…but then it all flattens out over a longer axis. How to lie with statistics kind of thing.

I’m not concerned about flying for the moment, but yes, this has been a little unusual. It’s just still too early to say the safety system is broken; zero accidents is the goal, but it’s not possible in the real world. Obviously, we’ll be looking at this stuff carefully at the airlines to eliminate any weaknesses or trends we can ID, but every crash is different.

That said, would I put my kids on one of these airplanes tomorrow? Yes, I would. Would I worry about it? The logical side of my brain wouldn’t, but humans aren’t strictly logical. I wouldn’t say I’d be worried, but I’d notice it & think about it – it can’t really be helped & it’s understandable.

[Three Year Letterman @3YearLetterman]

If you tweet about Trump more than once a day, whether negatively or positively, you need to seek professional help

And I’m being generous here by not making it once a month

[unusual_whales @unusual_whales]

Look at this.

Nancy Pelosi and husband exercised their Nvidia, $NVDA, calls last month for millions in profit, exercing their 500 call options for Nvidia on Dec. 20 that had a strike price of $12, selling those exercised shares for +200% profit.

Today, $NVDA was down 17%.

She also bought $VST, $TEM, $GOOGL, $AMZN calls, but $VST is now below her buying.

[Free_Ross @Free_Ross]

Ross was just granted a FULL AND UNCONDITIONAL PARDON by @realDonaldTrump. Words cannot express how grateful we are.

President Trump is a man of his word and he just saved Ross's life. ROSS IS A FREE MAN!!!!!

[unusual_whales @unusual_whales]

BREAKING: The very richest Americans are among the biggest winners from President Joe Biden’s time in office, despite his farewell address warning of an “oligarchy” and a “tech industrial complex” that threaten US democracy.

The 100 wealthiest Americans got more than $1.5 trillion richer over the last four years, with tech tycoons including Elon Musk, Larry Ellison and Mark Zuckerberg leading the way, according to the Bloomberg Billionaires Index.

The top 0.1% gained more than $6 trillion, Federal Reserve estimates through September show.

[Dan Baltic @baltic_dan]

For less than $17,000, you can buy a house in East Cleveland and wage an all-out war against the crackheads and gangster element in your neighborhood. The American Frontier is alive and well

[Inverse Cramer @CramerTracker]

My biggest financial mistake was going to college instead of just buying more Bitcoin