James Forsyth

Financial Advisor of 27 years at independent firm. The Street refers to us as “retail brokers”. I prefer “works for real people”

[James Forsyth @JamesRForsyth14]

@Travis1

[Geiger Capital @Geiger_Capital]

They made up a polling firm, made up polls, and got included in major aggregators…

Their polls were featured on MSNOW.

[Nicolas Hull @Nhull28]

An LA hospitality group runs 25 bars, many of them right by Dodger Stadium. Every extra playoff game means packed bars. An early exit means lost revenue they were counting on.

So they hedged it. They put $60,000 on Kalshi on the Dodgers *not* making the World Series.

The Dodgers lost the NLCS to the Brewers. The position returned nearly 2x, helping cover the playoff business that *never* came.

A Columbia law professor told Fortune it works like “a form of bespoke insurance.”

Read the full story here: https://t.co/dErQA7mvzK

[Stephen Moore @StephenMoore]

California’s billionaire tax was supposed to raise $100 billion.

Now a new study estimates $30 billion in collections against $39 billion in lost income tax revenue.

When you chase away the people paying the bills, everyone else gets stuck with the tab.

[Danielle DiMartino Booth @DiMartinoBooth]

ICYMI. At least $SPX is near record highs. Imagine the impetus to monetize equity in second homes if that was not the case.

(Silver lining [pardon the double entendre]?Looking for a beach house?)

[Social Capital @socialcapital]

In the last week of September, DeepSeek models processed more tokens on OpenRouter than OpenAI, Google, Anthropic and xAI models combined.

[Tobias Carlisle @Greenbackd]

Holy cow.

[Jeffrey Gundlach @TruthGundlach]

So you want to “tax the rich”, do ya?

The LA “Mansion Tax” in its first 3 years has resulted in:
* a revenue DECREASE of $452 million
* 9100 new home constructions blocked (1000 of which were “affordable housing”)
* 16,650 full time construction jobs lost

[zerohedge @zerohedge]

Our tracker of hyperscaler off balance sheet liabilities shows $3.8 trillion as of Sept 30, up $700BN from June 30.

Adding $250BN in hyperscaler IG debt, the DV01 issued by the AI ecosystem in Q3 was about 25% higher than all Treasury issuance

That's why yields keep rising

[James Forsyth @JamesRForsyth14]

Bob Farrell’s Rule #1:

“Markets tend to return to the mean over time.”

[PlungeProtectionTeam @gamesblazer06]

These Market Levels are so Stupid…. but then again.. that’s what Bubbles are….

Now at 244% & +2.6 Std Devs from Mean.

[Bill Mitchell @mitchellvii]

REALITY CHECK: THINK YOUR DAD'S GAS WAS CHEAP?

It wasn't.

Gas is over four bucks and everybody's melting down. So let's do something the media never does. Let's actually check the numbers.

Go back to 1970. Gas was 36 cents a gallon. Sounds like heaven, right?

It wasn't.

Because the average American made three dollars and forty cents an hour. Do the math. Grandpa worked about 6 minutes to earn a gallon of gas. Right now, with this Middle East spike, you work about 8. So yeah, that part stings a little.

But here's what they'll never tell you.

Grandpa's car got 13 miles to the gallon. Yours gets 25. That same gallon takes you TWICE as far.

So mile for mile, even with prices jumping, you're paying about a third LESS to drive than he did in 1970!

And this spike? Temporary. One year ago gas was $3.14 a gallon, the cheapest it had been in twenty years.

So next time somebody tells you gas has never been this bad, smile and tell them to go ask grandpa. He'll set them straight.

[Dudes Posting Their W’s @DudespostingWs]

Bengals rookie DT Landon Robinson pulled up to his NFL debut representing Navy in full Service Dress 🫡 🇺�

[Daniel Lacalle Official Account @dlacalle_IA]

US federal budget, 2002 vs. 2025:

Receipts: $1.85tn → $5.24tn (+183%)
Outlays: $2.01tn → $7.01tn (+249%)
Deficit: -$0.16tn → -$1.77tn
Revenues nearly tripled. Spending rose $5tn against $3.4tn of new revenue.

For every extra dollar collected since 2002, the government spent $1.48.

It is a spending problem. No tax rise closes a gap created by massive spending.

(Source: OMB)

[James Forsyth @JamesRForsyth14]

What if I’m saving in gold? Does that count in the official savings rate—or only after I sell it and put the proceeds in the bank?

[Rick Rule @RealRickRule]

foolish, and shameful

[James Forsyth @JamesRForsyth14]

@Super70sSports

[James Forsyth @JamesRForsyth14]

@Super70sSports

[Сarm1ne @carm1nee]

Goldman Sachs CEO David Solomon on the $500 billion Nvidia deal: "there's $9 trillion sitting in US money market funds. there's a hundred trillion dollars in US equities. will the returns from all of these things be ample? of course not - there'll be winners and losers"

this is the seven of them explaining what a single gigawatt actually costs, what happens to the assets if the companies using them run out of cash, and how fast this is being built compared to the internet

BlackRock CEO Larry Fink: "each gigawatt costs 50 to 60 billion. in the United States alone we're going to need over 70 gigawatts"

"this is the very beginning, like what it was when I started in the mortgage-backed securities market in the 1970s"

Jensen Huang on the failure case: "even if the players run out of cash, there will always be a customer for that computing platform"

"it's not Nvidia's money. this is all third party independent long-term capital"

bookmark & watch the full conversation, then read the article below ↓

[James Forsyth @JamesRForsyth14]

He’s not wrong…

[zerohedge @zerohedge]

100 yrs of stock market: From 1926 through 2025 (30k stocks analyzed) - just 27.6% of stocks outperform the market / 60% of stocks incurred wealth reductions / the median stock returned -6.9%.
46 firms accounted for half of the wealth created by the stock market ($91 trillion net wealth creation).
https://t.co/wGREigqZi6

[Rothmus 🏴 @Rothmus]

Europe never recovered from 2008.

In 2008 the EU economy was larger than America’s. Today the US produces nearly 50% more than the entire European Union combined with per capita GDP almost double Europe’s average.

America chose innovation, energy abundance, and growth.

Europe chose regulation, green self-sabotage, and welfare bloat.

The gap is now a canyon, and it’s still widening.

So don’t Europize America.