Truly maddening that the D.C. DMV hasn’t reopened the Georgetown location. It flooded in February. It’s September. I’ve had five different haircuts and four different face shapes in that time. Do better.
I'm sorry we never got a chance to meet, but getting this note from Dolly really had a an impact on me. She definitely didn't have to take the time to do it. Even for a kid who mostly listened to rap music, she was an icon. A superstar in every sense. Rest easy Dolly. And thank you for the kind words.
Stanley Druckenmiller renders an unfavorable opinion of Treasury Secretary Scott Bessent's use of buybacks to defend against higher yields in a market that is functioning normally.
"I have spent five decades trading on a simple premise: Markets aggregate information no committee possesses, and prices are how that information reaches decision makers. The long-term Treasury yield is the most important price in the world. It is also the only fiscal disciplinarian the U.S. has left."
"Every basis point of artificial yield suppression is a subsidy to procrastination."
"Return buybacks to their stated purpose: small, scheduled, off-the-run liquidity operations announced at quarterly refundings, never off-cycle responses to yield levels. Term out the debt honestly and pay the price the market sets."
"If the 30-year must trade at 5.5% to clear, that isn’t a crisis. It is an invoice. Then do the only thing that durably lowers long-term yields: address the primary deficit."
https://t.co/Xe8Vi38WiI
Boston's Barcelona Wine Bar has had its liquor license suspended for 3 days.
Investigators found underage patrons drinking and witnessed a bartender standing on the bar while pouring wine directly into a customer's mouth.
My normal walk home takes me past 4/5 top DC restaurants. Every outside table was packed last night, and all very busy inside as well.
No recession here.
So my first job out of college. I was making 65k with a bonus right. But you don’t realize I don’t actually keep that 65k. Every check there’s taxes that come out for federal and state. And also health insurance. So I’m only taking home a piece of that is what people don’t unders