Fascinating paper on where 6000 global elites went to college. Billionaires, CEOs, heads of state, central bankers, etc.
In a word: Harvard.
Fully 10% of global elites went to Harvard. Elite US schools are over-represented (23% IvyPlus), but nobody comes close to Harvard.
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BREAKING: Here is every US politician in Congress who currently holds stock positions that directly benefit from war in the Middle East:
Alan Lowenthal
Andrew Garbarino
Bill Hagerty
Blake Moore
Bob Gibbs
Carol Miller
Christopher Jacobs
Daniel Goldman
David McKinley
Dean Phillips
Debbie Schultz
Deborah Ross
Diana Harshbarger
Donald McEachin
Dwight Evans
Earl Blumenauer
Fred Upton
Garret Graves
Jerry Moran
Jerry Moran
John Curtis
John Yarmuth
Josh Gottheimer
Katherine Clark
Kathy Manning
Kevin Hern
Kurt Schrader
Lindsey Graham
Lois Frankel
Maria Salazar
Marjorie Greene
Mark Green
Mitch McConnell
Michael Guest
Michael McCaul
Mike Kelly
Mike Simpson
Mo Brooks
Nancy Pelosi
Patrick Fallon
Rick Allen
Ro Khanna
Robert Wittman
Roger Marshall
Scott Franklin
Shelley Capito
Steve Cohen
Susie Lee
Thomas Carper
Thomas Suozzi
Tommy Tuberville
Trey Hollingsworth
Virginia Foxx
William Keating
Zoe Lofgren
Most of the remainder of Congress gets lobbied to by defence companies as well.
Current situation:
1. US job additions revised lower by 818,000, largest revision since 2009
2. US unemployment rate is up to 4.3%, highest since 2021
3. 5 out of the last 6 jobs reports have now been revised LOWER
4. A record number of Americans are now working multiple jobs
5. US Dollar has lost 25% of its purchasing power in 4 years
6. 11% of credit card balances in the US are now delinquent, the highest in over a decade
How is this a "soft landing?"
Owning the average home in 2024 now requires an income of $106,000, according to Zillow.
Just 4 years ago, you needed just $59,000 in income to afford the average home.
That's a $47,000, or 80%, increase in income from 2020 while wages are up just 23% over that time.
Currently, the median HOUSEHOLD income in the US is ~$75,000.
In other words, the median household income used to be 27% ABOVE the income needed to afford a home
Now, the median household income is 41% BELOW the income needed to afford a home.
Housing affordability is horrible at best.
After a year of neutralizing losses on banks’ underwater assets, the Federal Reserve’s BTFP is about to expire. But the U.S. central bank is not only about to commence an “emergency phaseout”. It's about to devise the latest version of its primary rescue mechanism... 1/
To afford the median-priced home of $433,100, Americans need an annual income of roughly $166,600.
However, the median household earns just $74,580, per FORTUNE.
BlackRock salesmen today:
Imagine a currency, not controlled by any government, immune to inflation, and as easy to send as an email. That’s Bitcoin.
Bitcoin is not just another stock or bond; it’s a revolution in finance, a complete game-changer.
Now, I know what you’re thinking – ‘Is it safe? Is it a good investment?’ Let me put it this way: Bitcoin has been the best performing asset of the last decade. It’s outpaced gold, stocks, you name it. And the reason is simple: scarcity. There’s only ever going to be 21 million Bitcoins. That’s it. And as demand grows, and believe me, it will, the value? Skyrocketing.
Before you make your decision, there’s something else you need to know – the Bitcoin halving. It’s happening in just 4 months. The new supply will be cut in half and historically, every halving has led to parabolic gains.
People who get in before the halving are positioning themselves for the possibility of massive gains. It’s a pattern we’ve seen time and time again, and now, you have the chance to be ahead of the curve.
Trust me, the only problem you're gonna have is that you didn't buy more.
How many bitcoins can I put you down for?
🚨BREAKING🚨
I have just released the full report on politicians trading in 2023.
Like every year since 2020, US politicians beat the market.
And many in Congress made unusually timed trades resulting in huge gains.
Here are the top performers of 2023.
Yesterday Nancy Pelosi and her husband traded Nvidia, $NVDA calls.
I want to give you the history of this trade and show the arrogance of Congress.
Her Nvidia calls show that Nancy Pelosi once again believes politicians should be able to trade (and in size).
Let’s start in December 2021. After a history of unusual trading, Nancy Pelosi was asked if she thinks US Congress members should trade despite legislative conflicts by Bryan Metzger.
She said, "We are a free market economy. Congress should be able to participate in that". Insane.
In Jan 2022 Unusual Whales releases their most famous trading report, showing Congress beat the market. Nancy Pelosi is listed as the fifth best trader in Congress.
That report creates a flurry of media and outrage, while the report continues to go viral. Within seven days of publishing, five new bills banning members of Congress from trading are proposed.
In the summer of 2022, it is revealed that Nancy Pelosi was trading millions of dollars of $NVDA, Nvidia before voting on a US semiconductor bill by the Biden administration.
We reported on the trade to once again, outrage by the public when disclosed. Interestingly, for the first time in history, a few days later Nancy Pelosi disclosed trades made on the same day they were made (likely the fastest disclosure in history of US Congress). She reported that she sold out of her Nvidia position, the first time she divested from conflicts in her portfolio.
One month later Nancy Pelosi proposes alongside Representative Lofgren her own Congressional trading ban, a bill which was incredibly weak and filled with loopholes.
And then, Pelosi stopped trading. Well, until yesterday.
One week after Chinese President Xi visits her home state of California, and before Biden announces new US semiconductor focuses, her husband decides to buy two million dollars of deep in-the-money Nvidia calls, the same company she divested from due to conflicts a year earlier.
One terrible thing about this trade is that it was done when Congress was in session!!!!!! You can use Unusual Whales to find the exact price she paid for her options and leveraged bets.
Pelosi has a history of unusual trading, and her portfolio itself is up around 60% YTD. If you want to find and follow her portfolio, you can do so on Unusual Whales in our Portfolio tab.
Pelosi has made millions while in Congress, with a networth close to likely a quarter to half a billion. No matter what trade or conflict though, I will report on it.
Congress cannot hide from me, and I will not stop until Congress is banned from trading.
This couple had $50 million dollars.
JPMorgan, $JPM, handled their finances, per Bloomberg.
The couple say that JPMorgan lost their finances, leading to $1.5 million total.
Playing a sport was once merely play.
Until…
Something happened on the way to the SAT test. The ACT. The AP. the ECNL. The GA. The GPA. The MLS Next. The ODP. The NCAA. The D1. The ID. The Showcase.
Somewhere along the line, play became a burden.
Let them play.
Who is the most high-agency person you've never heard of?
Rudolf Vrba.
He escaped Auschwitz by soaking himself in gasoline -- to give a memo to Churchill, Roosevelt, and the Pope.
Meet the man who saved 200,000 lives from the Nazis...
BREAKING: Here is every US politician in Congress who currently holds stock positions that directly benefit from war in the Middle East:
Alan Lowenthal
Andrew Garbarino
Bill Hagerty
Blake Moore
Bob Gibbs
Carol Miller
Christopher Jacobs
Daniel Goldman
David McKinley
Dean Phillips
Debbie Schultz
Deborah Ross
Diana Harshbarger
Donald McEachin
Dwight Evans
Earl Blumenauer
Fred Upton
Garret Graves
Jerry Moran
Jerry Moran
John Curtis
John Yarmuth
Josh Gottheimer
Katherine Clark
Kathy Manning
Kevin Hern
Kurt Schrader
Lois Frankel
Maria Salazar
Marjorie Greene
Mark Green
Michael Guest
Michael McCaul
Mike Kelly
Mike Simpson
Mo Brooks
Patrick Fallon
Rick Allen
Ro Khanna
Robert Wittman
Roger Marshall
Scott Franklin
Shelley Capito
Steve Cohen
Susie Lee
Thomas Carper
Thomas Suozzi
Tommy Tuberville
Trey Hollingsworth
Virginia Foxx
William Keating
Zoe Lofgren
My report is coming soon. Be ready.
Current Debt Levels:
1. Household Debt: $17.1 trillion
2. Mortgage Debt: $12.0 trillion
3. Auto Loans: $1.6 trillion
4. Credit Card Debt: $1.0 trillion
All of these balances are at a RECORD high.
Current Interest Rates:
1. Credit Card Debt: 25%
2. New Car Loans: 14%
3. Used Car Loans: 9%
4. 30Y Mortgage: 7.5%
The worst part?
Student loan payments are set to resume in one month. Total student loan debt just hit $1.6 trillion.
Will consumers be able to handle student loan payments on top of all of this?
Debt problem is an understatement.
I spend most of my day writing code to bring insights into what’s going on in DC.
But not everything is in the data, so I often run C-SPAN in the background to catch moments like this.
Dianne Feinstein almost accidentally voting in favor of banning congressional trading: