Ya’Va Harris

Football at Ohio Wesleyan University D-line '27/(3.71GPA) 1st team all star /age 20 /weight240 /height:5’10/ Purcell Marian HS graduate

[Purcell Marian Athletics @PMCavs]

Congratulations to junior Kai Moore on qualifying for the OHSAA District Swimming meet in the 200 IM!

Moore will compete Friday, February 20th at Miami University!

#Together | #YEAHRED

[Brannon Dempsey @B_Demp3]

After a great conversation with @bradythomas1213 and @cking43017 I’m blessed to receive my 4th offer from @OWUBishopFB

@JustinKellerWHS @CoachFich @Coach_Molloy @CoachEricBrown

[Prof. Steve Keen @ProfSteveKeen]

You remember what the "Dream" was supposed to look like.

You get a job. You work hard. By your mid-20s, you buy that house with the white picket fence. You raise a family on one income. You retire with dignity.

Look around you. That world is gone.
It wasn't stolen by immigrants, and it wasn't lost to "bad luck." It was structurally engineered out of existence by a financial system designed to inflate assets while suppressing wages.

In the United States in 2025, the median age of a first-time homebuyer has now hit 40 years old. That is an all-time high. Back in 1991, it was 28.

That isn't a "vibe shift." It is a mechanical failure of the economy.

Say you're earning $100,000 a year - a number your parents would have called "wealthy" - but it feels like $60,000. That feeling is not in your head. It is in the data.

Since 2000, U.S. median household income has risen only ~99% in nominal terms. But after adjusting for inflation, real incomes are up only 8.5%.

Meanwhile, median home prices are up 155%.
AKA Home prices have risen roughly 18x FASTER than your real purchasing power. Home prices are growing at 150% while your real purchasing power has grown less than 9%.

In 1985, a home cost 3.5x your income.

Today, we are looking at national ratios of 5x to 7x. In Los Angeles, it's 12.5x.

This makes the concept of the 'American Dream' mathematically impossible for most families.

You aren't bad with money. The game board was tilted against you before you even rolled the dice.

You can't see this tilt on a standard spreadsheet. Standard economics hides these mechanics.

You need a way to visualize the flows that are draining your bank account before they even hit your ledger.

If you keep relying on 'budgeting harder' while the macro-tide is going out, you will drown.

You will spend the next decade cutting coupons while your net worth is silently eroded by asset inflation you never saw coming.

Want to learn the real deal, drop in the comments.

[Stephanie Guild, CFA @StephGuildNYC]

This week is a big one in the equity markets, with 42% of S&P companies by market cap reporting earnings. The most happen on Thursday and Friday, at 25% and 14%, respectively. Could be a big week for crypto too as we hear from some names in the space. Next week includes 12% of the S&P and then Nvidia earnings are on Nov 19.

And of course we get the Fed this Wednesday with a 93-97% probability of a 0.25% cut to 4%, depending on your source. With the move already baked in, what they say at the presser about the future will matter more.

[Olivier Blanchard @ojblanchard1]

On Argentina. I have been asked my views. I am no expert on Argentina, but here they are. (A very nice exercise in open economy macro…)

Exchange rate-based stabilization typically leads to an overvalued exchange rate for some time (even if the underlying cause of inflation, the money-financed deficit, is taken care of). Inflation comes down, but not as fast as the nominal exchange rate is allowed to depreciate. Over time, the overvaluation may slowly go away, and this is indeed happening in Argentina.

But as overvaluation lasts, and interest rates remain high, the risk that voters lose patience becomes higher. Or other shocks can come in play, a corruption scandal making the government less popular.

And the anticipation that voters will reject the government and the program will come to an end, leads people (domestic or foreign) to anticipate a larger depreciation, and try to move out of pesos into dollars which leads to a run on reserves. This is particularly the case when the economy is already partly dollarized, and people can easily shift from pesos to dollars. I think this is what we see in Argentina.

Can lending by the US (or the IMF) solve the issue? Some say it is just a band aid. It is more complex than that. If the Milei program cannot succeed anyway, then it is indeed just money poured down the drain. If, instead, if the Milei program is slowly working, the new funds increase reserves and allow the government to continue without a crisis, leading in turn to more support for Milei in the next election, and allowing the adjustment to continue, it may not. This is the relevant discussion.

For more informed opinions, follow @Monica_debolle and @IvanWerning (whom I thank for very useful discussions. opinion still only mine)

[Tom McClellan @McClellanOsc]

M2/GDP is actually starting to curl upward. There is about a 23-month lag time (H/T @steve_hanke) in how CPI responds to this. So look for inflation to perk up again in late 2025 to early 2026.

[Yahoo Finance @YahooFinance]

"I worry that it's now been years since we really had a sustained period of 2% inflation and that we probably haven't seen all the consequences of tariffs," former US Treasury Secretary @LHSummers says. "It's a moment to tilt toward concern..."

[Stephanie Guild, CFA @StephGuildNYC]

September can be a challenging month for the S&P 500. This could be due to investors returning from summer breaks with a more critical eye on their portfolios, or the "quiet period" companies (and the Fed) enter before earnings reports, leading to market assumptions that aren't always positive.

But markets typically recover nicely after September, especially in November. While short-term swings don’t matter in the long-term, it's good to be aware of these seasonal patterns to at least help keep emotions in check.

[Prof. Steve Keen @ProfSteveKeen]

Imagine a household making $70k a year but spending only $50k.
It saves the rest and pays down debt.
Now think of the economy spending $7 trillion but taking in $5 trillion.
These aren’t the same.
Overspending for a household hurts; for a nation, it creates money, and that difference changes everything.
#Economics

[Tom Watts @CoachTomWatts]

Congratulations SENIORS! Proud of your hard work and dedication. 🔴⚫️ #FOE #RollShops

[Ohio Wesleyan Football @OWUBishopFB]

Happy Birthday to OWU Offensive Lineman Reid Frick!

#RollShops | @OlFricker

[Ohio Wesleyan Football @OWUBishopFB]

Happy Birthday to OWU Defensive Lineman Cleveland Woodson!

#RollShops | @ClevelandW54

[Ohio Wesleyan Football @OWUBishopFB]

OWU Football is excited to announce the new faces of our offensive staff

@HaydenHThomas – Offensive Coordinator & QBs Coach
@Coach_Sheirer – OL Coach & Recruiting Coordinator
@CoachCradle – WRs Coach
@Patdayiii – TEs Coach

Excited for the 1st Spring Practice today #RollBishops

[Ya’Va Harris @YaVaHarris2]

@PMCavsFootball I'll see you on the field 💪🏽 congrats

[Ya’Va Harris @YaVaHarris2]

@Mylesthenextgen @CoachTomWatts @OWUBishopFB 💪🏽💪🏽

[Ohio Wesleyan Football @OWUBishopFB]

Together, we create magic🔥🔥!!!

[Ohio Wesleyan Football @OWUBishopFB]

Happy Easter‼️ 🔴⚫️ #RollShops

[Ya’Va Harris @YaVaHarris2]

@_jrockwood18 @OWUBishopFB Welcome to the brotherhood 💪🏽💪🏽

[Purcell Marian High School @PurcellMarianHS]

Purcell Marian is saddened by the passing of former Athletic Director and Football Coach D.J. Dowdy. Our prayers are with his family, loved ones, and the Taft High School community.

[Cincinnati Bearcats @GoBEARCATS]

The Bearcats are heartbroken by the passing of former @GoBearcatsFB tight end DJ Dowdy. Our hearts are with DJ’s family, teammates, and all who knew him.