Bradley Calder

Economics nerd. Institutional Investor. Running and Reading, either serially or in parallel. Optimistic dad. Soup enthusiast. Dont’t think, try.

[Bradley Calder @AcmeReporter]

https://t.co/CmBjcGJXqx

Most US budgeting systems split spending into needs and wants.

Japan’s kakeibo adds a third category: culture.

Books, education, museums, learning.

The insight is simple but powerful: not all discretionary spending is equal. Some spending compounds.

[Bradley Calder @AcmeReporter]

@rich_toad Nancy Zimmerman holds this record.

[Bradley Calder @AcmeReporter]

@BobEUnlimited Gross of taxes too.

[Bradley Calder @AcmeReporter]

@WarrenPies You have to condition on VIX.

[Bradley Calder @AcmeReporter]

@Irenezhao_ Only possible if you are Singaporean and live in HDB

[Bradley Calder @AcmeReporter]

@Rahul_J_Mathur Could have just bought Bitcoin.

[Bradley Calder @AcmeReporter]

@AshleyDudarenok Does this create wealth or is it just shifting existing consumption to a new platform?

[Bradley Calder @AcmeReporter]

@Iamsamirarora It would be really helpful for India overall if they had a globally competitive leading edge digital technology / R&D intensive firm. Most domestic firms are completely comfortable with high margins and low R&D on a relative basis. A ten year project, but probably achievable.

[Bradley Calder @AcmeReporter]

@alialsalim @ShaykhSulaiman Is there something idiosyncratically negative for Emaar, but not the other five, that you can articulate? Thanks.

[Bradley Calder @AcmeReporter]

Over the last month, another major war has begun.

Market reaction:

- ACWI ex US hedged to USD -3.5%
- S&P 500 -2.5%
- Gold +2.5%
- Bitcoin +7.5%
- Brent +43.1%

[Bradley Calder @AcmeReporter]

Federal Reserve balance sheet expanded by another $15 billion. The expansion that Chairman Powell signaled is clearly underway.

[Brian Armstrong @brian_armstrong]

The 20 millionth Bitcoin was mined yesterday. Now there are only one million new Bitcoins to be mined, which will take over 100 years.

Decentralized, inflation-proof, global money.

[Bradley Calder @AcmeReporter]

@Barchart Venture capital has a roughly 75% failure rate even for successful venture investors.

[Bradley Calder @AcmeReporter]

@LynAldenContact @GraphCall I guess people just have really high trust implicitly in the centralized system?

[Bradley Calder @AcmeReporter]

The Fed printed $19 billion last week and is now expanding its balance sheet by buying treasury bonds.

#RegimeShift

[Bradley Calder @AcmeReporter]

@PEoperator “A diverse pool of levered sub-prime borrowers can be a AAA security.” 😂😂😂🤦🤦🤦