Zoltan D

I.decisions based not on rigid theories but on available info,usually imperfect calculations of what can be done rather than what theoretically ought to be done

[Zoltan D @Zoltan__D]

The Young Fed Rebel: When Warsh Opposed QE2, Yet Voted Yes

But Warsh wasn’t just executing decisions, he had his own convictions.

Picture this: It’s the fall of 2008, and the global financial system is in flames. Banks are collapsing one after another, markets are in panic, and the Fed is slashing interest rates to save whatever can be saved. In the middle of this chaos sits a 35-year-old governor, Kevin Warsh, one of Ben Bernanke’s closest confidants.

While most were focused on immediately extinguishing the fire, Warsh was already worried about something else: inflation. He didn’t want loose monetary policy to come back and bite them later.

Then came 2011. The Fed rolled out the massive $600 billion QE2 program, a huge round of Treasury purchases designed to push down long-term rates even further. Warsh openly opposed it. He thought it was ineffective and risky.

Yet he voted yes anyway.

At Ben Bernanke’s personal request. Because in the heat of the crisis, team unity mattered more than individual doubts. But the disagreement lingered. In March 2011, Warsh resigned from the Fed.

Warsh’s story isn’t just that of a loyal executor. It’s the story of a young governor trying to balance saving the moment with protecting the future in one of history’s greatest economic storms. A Wall Street insider who still thought with his own sense of responsibility.

And who ultimately chose to walk away rather than keep executing against his better judgment.

That’s the kind of character who still shapes how we think about the Fed today.

[Eva Vlaardingerbroek @EvaVlaar]

Over 400,000 signatures on the @SaveEuropeAct!

And the most inspiring part? More than 95,000 of those signers have also pledged to become a volunteer.

That’s nearly a 1-in-4 ratio. The start of an incredible grassroots movement.

Let’s get to 1 million!

[unusual_whales @unusual_whales]

Percentage of balances 90+ days delinquent, by loan type, per WSJ:

[Bloomberg @business]

The swift reopening of the crucial Strait of Hormuz hit a bumpy patch after Iran attacked two ships, writes @helloimserene https://t.co/EBt5bqxU1Y

[Mossad Commentary @MOSSADil]

🚨 IRAN CLAIMS $6 BILLION WIN — U.S. SAYS "NOT SO FAST."

Iranian President Masoud Pezeshkian announced that $6 billion in frozen Iranian assets held in Qatar will be released, calling it "a great victory for the Iranian people." He said the funds would be returned to Iran as part of the ongoing understandings between Tehran and Washington.

However, U.S. officials dispute that claim, saying no frozen assets have actually been transferred. Qatar has also not publicly confirmed that any release has taken place.

The conflicting statements underscore the uncertainty surrounding the U.S.-Iran negotiations, with Tehran presenting the asset release as a diplomatic success while Washington insists no money has yet changed hands.
@selenaryan_

[OSINTdefender @sentdefender]

President Donald J. Trump has posted to Truth Social stating that representatives from the U.S. and Iran will meet tomorrow in Doha, Qatar after Iran requested a meeting.

[Liz Ann Sonders @LizAnnSonders]

Performance: Neural9 chart (notice Micron is on its own scale)/table updated thru Friday’s close

[Zoltan D @Zoltan__D]

@axios https://t.co/9xuJbC8GTW

[Zoltan D @Zoltan__D]

The Young Fed Rebel: When Warsh Opposed QE2, Yet Voted Yes

But Warsh wasn’t just executing decisions, he had his own convictions.

Picture this: It’s the fall of 2008, and the global financial system is in flames. Banks are collapsing one after another, markets are in panic, and the Fed is slashing interest rates to save whatever can be saved. In the middle of this chaos sits a 35-year-old governor, Kevin Warsh, one of Ben Bernanke’s closest confidants.

While most were focused on immediately extinguishing the fire, Warsh was already worried about something else: inflation. He didn’t want loose monetary policy to come back and bite them later.

Then came 2011. The Fed rolled out the massive $600 billion QE2 program, a huge round of Treasury purchases designed to push down long-term rates even further. Warsh openly opposed it. He thought it was ineffective and risky.

Yet he voted yes anyway.

At Ben Bernanke’s personal request. Because in the heat of the crisis, team unity mattered more than individual doubts. But the disagreement lingered. In March 2011, Warsh resigned from the Fed.

Warsh’s story isn’t just that of a loyal executor. It’s the story of a young governor trying to balance saving the moment with protecting the future in one of history’s greatest economic storms. A Wall Street insider who still thought with his own sense of responsibility.

And who ultimately chose to walk away rather than keep executing against his better judgment.

That’s the kind of character who still shapes how we think about the Fed today.

[MFA Russia 🇷🇺 @mfa_russia]

⚡️ Russia’s Foreign Intelligence Service:

Ukraine is deliberately enabling the growing transit of drugs from Latin America to Europe.

Zelensky’s corrupt regime needs new revenue streams as its Western sponsors struggle to satisfy its insatiable demands.

https://t.co/dxMVaUi1bi

[Zoltan D @Zoltan__D]

🇭🇺 What do you need for Hungarian citizenship?

Acquiring Hungarian citizenship (naturalization) comes with strict conditions, it's not an automatic right, but an individual state decision. The goal is to measure real integration, attachment, and security.

Main requirements (according to Act LV of 1993):

Standard naturalization (after 8 years of continuous LEGAL residence in Hungary):
- Clean criminal record + no ongoing criminal proceedings
- Secure livelihood and housing in Hungary
- Does not endanger public or national security (background checks)
- Pass a constitutional knowledge exam in Hungarian + prove Hungarian language skills (or legal exemption: e.g., over 65, Hungarian-language education, serious health reasons)

Simplified / preferential naturalization (e.g., Hungarian spouse, ancestry/descent, refugee, born in Hungary, etc.):
- Shorter residence period (often 3–5 years)
- Proof of Hungarian language knowledge still required in most cases (conversation check by consul/official — conversational level)
- Fulfillment of family/attachment conditions

Exemptions exist (e.g., certain minors, incapacitated persons), and rarely presidential waiver for important Hungarian interests.

Why is the system so strict?
- It measures how strong the bond is between the applicant and the Hungarian state/society, and how well the person has integrated.
- It preserves the moral weight of citizenship and strengthens attachment to Hungary.
- Security reasons (protection of public and national security).
- It promotes linguistic, cultural, and legal integration — so someone is Hungarian not just "on paper."

Dual citizenship is generally allowed. The simplified procedure (e.g., via ancestry) is faster, but language knowledge is still a basic expectation for communication.

Source: Official government sites and the current law. For precise info, always consult official authorities (consulate, government office) — individual cases may vary!

#HungarianCitizenship #Naturalization #Integration

[Wall Street Apes @WallStreetApes]

🚨 George Soros is behind the Memphis DA who stopped prosecuting crime making Memphis ‘The nations most violent and dangerous city in 2023’

“George Soros spent $600,000 to back a DA candidate from Yale Law School who's come in and basically stopped prosecuting crime”

And he’s doing this all over the country.

In 2023, I think Memphis had the highest homicide rate per capita of any city in the United States of America, so deeply troubling”

Here’s where the Democrat lies and propaganda comes in

DA Steve Mulroy strongly denies being funded by George Soros, he publicly says he rejects the “Soros DA” label

But don’t be fooled, all Democrats do is lie

George Soros just sent the money through separate entities to fund him to hide the support. Soros-linked entities and PACs like ‘People for Fairness and Justice’ provided substantial support

Not only this, A pro-police group called ‘Law Enforcement Legal Defense Fund’ tracked him as one of dozens of ‘George Soros prosecutors.’

[*Walter Bloomberg @DeItaone]

TECH FUNDS HIT BY RECORD EXODUS

Technology funds saw record outflows of $9.3 billion last week, according to Deutsche Bank.

Investors cut equity exposure as positioning slipped slightly below neutral.

U.S.-focused funds lost $8.5 billion, while global funds attracted $14.4 billion—signaling a shift away from concentrated U.S. tech bets.

[The Market Ear @themarketear]

Worst month on record for hyperscalers. Highest VXN/VIX ratio in nearly a decade.
Something has changed.
https://t.co/X6XAGkNb0Q

[Bloomberg @business]

South Korea is orchestrating investments of at least $880 billion from companies including Samsung Electronics and SK Hynix into infrastructure it called essential to surviving the AI era, as Sangmi Cha reports https://t.co/wZ3Fog4G3r

[Lance Roberts @LanceRoberts]

While the S&P has only fallen modestly from its peak, it fell for 5 consecutive days, the longest losing streak since August of last year.

[Lance Roberts @LanceRoberts]

Household net worth has risen to historically high levels relative to disposable income, increasing the economy’s sensitivity to asset prices and helping sustain consumer spending despite subdued real income growth.
@thedailyshot @bcaresearch

[Zoltan D @Zoltan__D]

EU–China Trade Negotiations: This Will Be a Serious Challenge for the EU

In my view, this negotiation will be particularly difficult for the EU due to its weak bargaining position.

Why?

- The EU is running a massive trade deficit with China (over €360 billion last year, and still growing this year). This isn’t just numbers, it’s real dependence on critical raw materials (rare earths, magnets, battery components). China has already shown it can weaponize these supplies.
- Internal divisions weaken the bloc: France wants a tougher stance, but Germany (the biggest exporter) and Spain (hosting Chinese investments) are far more cautious. This disunity plays into China’s hands.
- The EU has tools (tariffs, investigations, Anti-Coercion Instrument), but they are slow and cumbersome to activate. China, on the other hand, can retaliate quickly and decisively (export restrictions, tariffs on European goods).
- Diversification and “de-risking” are still in the early stages. Until then, the EU remains vulnerable to Chinese supply chains.

China is signaling that it “can withstand a trade freeze” and is accusing the EU of lacking sincerity. Indeed: the EU wants to talk on one hand, while preparing defensive measures on the other. This creates a weak position at the negotiating table.

In the short term, China can inflict more pain than the EU. Long term, the EU’s market power matters, but right now Brussels is on the defensive.

The current high-level talks (Šefčovič–Wang Wentao) will be crucial but let’s not have illusions: the EU will have to fight hard not to end up in an even weaker position.

#EUChina #Tradenegosiations

[Zoltan D @Zoltan__D]

Pedig több külföldi országban léteznek hasonló programok a magyar Vidéki Otthonfelújítási Programhoz, ezek szerint a Tisza Párt ezeket is szakmaiatladnak tartja??

Ezek jellemzően vidéki vagy háztulajdonosoknak szólnak, javításra/felújításra (gyakran energiahatékonyságra fókuszálva), grant-ekkel vagy kedvezményes hitelekkel, idősek vagy hátrányos helyzetűek támogatására.

Íme néhány kiemelkedő példa (2025-2026-os adatok alapján):

1. Egyesült Államok – USDA Single Family Housing Repair Loans & Grants (Section 504 Home Repair Program)
Ez az egyik legközelebbi analógia: kifejezetten vidéki (rural) területekre fókuszál, nagyon alacsony jövedelmű háztulajdonosoknak.

- Cél: Otthonok javítása, korszerűsítése, egészségügyi/biztonsági problémák (pl. tető, alap, fűtés, akadálymentesítés) megszüntetése.
- Támogatás:
- Hitelek max. ~40 000 USD-ig (1%-os kamat, 20 évre).
- Grant-ek (vissza nem térítendő) időseknek (62+ év) max. ~10 000 USD-ig (egyes esetekben 7 500–15 000 USD, katasztrófa esetén magasabb).
- Kombinálhatóak, akár 27 500–55 000 USD-ig.
- Hasonlóság a magyar programhoz: Erős vidéki fókusz, grant + kedvezményes hitel keveréke, idősek kiemelt támogatása, alacsony jövedelműek segítése.

Hivatalos oldal: https://t.co/nL5zvkEEXG (eligibility checkerrel vidéki területekre).

2. Franciaország – MaPrimeRénov' (és változatai: Décent, Sérénité)
Országszerte elérhető energiahatékony és lakhatási felújítási támogatás, vidéki területeken is népszerű.

- Cél: Szigetelés, fűtésrendszer-csere, szellőzés, energiahatékonyság javítása („hőszigetelő” házakból jobb besorolásba).
- Támogatás: Jövedelem-alapú grant-ek, alacsony jövedelműeknek akár 50%+ vagy annál magasabb támogatás (max. ~20 000 € felett több év alatt). Kombinálható kamatmentes hitellel (eco-PTZ).
- Hasonlóság: Grant-alapú támogatás felújításra, jövedelem szerinti differenciálás, családok és idősek támogatása. Nem kizárólag vidéki, de vidéken is jól használható (pl. régi házak felújítására).

Hivatalos: https://t.co/AiVup1hyrt vagy https://t.co/mNyJ0tNoRN.

3. Németország – KfW BEG (Bundesförderung für effiziente Gebäude) programok
Hosszú távú, sikeres energiahatékonysági felújítási rendszer (vidéki és városi területeken egyaránt).

- Cél: Teljes vagy részleges felújítás magas energiahatékonysági szintre (szigetelés, ablakok, fűtés, megújuló energia).
- Támogatás: Alacsony kamatú hitelek + visszafizetési támogatások (repayment grants/bónuszok), akár 50%+ támogatás a költségekre a hatékonysági szinttől függően (pl. KfW Efficiency House szabványok). Szomszédsági szintű támogatások is vannak.
- Hasonlóság: Grant/hitel keverék energiahatékony felújításra, jelentős állami támogatás, hosszú távú program.

Hivatalos: https://t.co/zEzD6DtpIt (BEG programok).

Több országban vannak hasonló támogatási rendszerek, úgy látszik a Tisza nem a haladás pártja...

[The Wall Street Journal @WSJ]

Here is an early look at the front page of today's Wall Street Journal https://t.co/ha9U3zCGuB

[Lisa Abramowicz @lisaabramowicz1]

The rotation in markets has been violent but encouraging for some equity investors. While traders sold tech stocks last week, they bought everything else, with the equal-weighted S&P outperforming the market-cap index by the most since 2020. h/t @DRBCurtis

[Zoltan D @Zoltan__D]

@NancyMace “An apology is only due when a person can admit they did something wrong. A narcissist will never do that.”