Bubby

My alter ego.

[James E. Thorne @DrJStrategy]

Spot on 👇

Sec Bessent is saying what most of Wall Street already knows but won’t admit: the era of Fed whisperers masquerading as analysts has hollowed out real market thinking.

For years, asset prices weren’t driven by fundamentals, they were driven by interpretation of carefully leaked signals, trial balloons, and selective “guidance” fed to a handful of well-connected reporters. That isn’t price discovery; it’s narrative management.

When journalists become conduits for policy hints instead of interrogators of policy outcomes, markets stop analyzing and start front-running. Wall St stopped doing objective research, and relied on the Fed to spoon feed them. Wall St thus, never questioned the Keynesian dogma. Wall St became a lapdog for the Fed.

The result is a generation of participants trained to decode tone shifts rather than evaluate capital allocation, productivity, or inflation dynamics.

If the Warsh Fed is forcing that ecosystem to operate without a script, the discomfort you’re seeing isn’t dysfunction, it’s withdrawal.

Markets that can’t function without being spoon-fed aren’t efficient. They’re dependent. A new era has begun and some of the cool kids on Wall St are upset. Let them!

[Brian Wesbury @wesbury]

My take on Bitcoin $BTC

It’s a fantastic invention. An alternative payment system plus a limited supply.

If BTC became our money 21 million divided into a $30 trillion GDP means each BTC would be worth ~$1.5 million and Saylor would control 3% of our GDP without creating anything.

However, this will never happen. Govt will never let BTC be our money. People wanted gold to be our money and it’s not. Why, because you can’t do QE with gold. It lashes you to a standard. So does BTC.

BTC does provide an alternative payment system, but if that’s all it is why do I care what it’s worth? If I need to send someone $5,000 and BTC is $50,000, I need 0.1 BTC. If BTC is $1,000 then I need 5 BTC. So who knows what the supply and demand for alternative transactions will set the price at? All I know is it won’t be $1.5 million and I highly doubt it will fall below 1 cent. Someone could corner the market.

And, finally, if BTC isn’t our money, and all it does is provide a blockchain-based alternative transaction method, there are cheaper alternatives coming into play right now. Stable coins can do the same thing, but, apparently, cheaper.

I think there is more downside to $BTC.

[Rock Chartrand @RockChartrand]

Capitalism has been so successful at eradicating poverty, hunger, and hardship that it gave rise to a generation utterly detached from the realities of production, trade, and effort. They’ve grown up in comfort, surrounded by abundance, and instead of gratitude, they respond with resentment, as if wealth is the natural state of things and capitalism is just getting in the way of even more.

In any other era, these people would be forced to confront the consequences of their delusions. But capitalism, in its brilliance, has created so much surplus that even the most useless ideologues can eat well, live long, and tweet their hatred for markets from devices built by free enterprise.

It’s the spoiled child biting the hand that feeds him, not out of hunger, but because he’s been fed too well for too long.

They hate capitalism not because it failed, but because it succeeded so thoroughly that it protected them from ever having to grow up.

[Libertarian Party of Pinellas County @PinellasLP]

🤖🤖🤖

[Brian Wesbury @wesbury]

https://t.co/6OD2xajbuL

[Volcaholic 🌋 @volcaholic1]

Never deleting this app 🤣

[Brian Wesbury @wesbury]

I am fascinated by the analysis of one-day stock market moves. Evidently, editorial writers and analysts know exactly why they happened. Somehow, the moves exactly match their preconceived bias. Trump makes move, markets go down, must be Trump. Today, the markets are up…will they write that this is good news about policy, or will they call this technical? Stocks were over-valued and overdue for a correction. So far, it is very orderly. But, if you can use it to scare people I guess you will.

[Bubby @Bubbylicious]

@musk_news13 Yes

[John Ziegler @Zigmanfreud]

👀
In leaked audio, Jamie Dimon takes his employees, especially the younger ones, to the woodshed over their desire to keep “working” remotely.
��

[Brian Wesbury @wesbury]

https://t.co/YLtmhG8f2j

[Brian Wesbury @wesbury]

https://t.co/hLDBikS9Jo

[Fernando Cao @thefernandocz]

X was facing a crucial moment.

90% of the platform's revenue came from advertising.

The boycott by major brands cost X an estimated $75 million in revenue.

But instead of backing down, Musk took a stand:

[The Rabbit Hole @TheRabbitHole]

Milton Friedman on how so-called 'temporary programs' tend to stubbornly stick around.

[Elon Musk @elonmusk]

Seriously 😂 @TheBabylonBee

[Elon Musk @elonmusk]

Trust those who return the shopping cart

[Bubby @Bubbylicious]

@SenWarren So you want them to reduce the price of their poison that they sell? What’s next? Are you going to go after the tobacco companies because cigarettes are unaffordable?

[Bubby @Bubbylicious]

I keep reading stories that claim the entire 26 man roster for the Detroit Tigers had a payroll of ~$18MM.
It looks to me like their top 10 salaries combined are ~$26MM. Can someone explain the math to me?

[Brian Wesbury @wesbury]

From a young age I learned to love America and what it stands for. I have never wanted any bad thing to happen to the country, or any of its leaders.

I am also an economist that has studied, read, and thought about history and economic theory for 40 years. This thinking has led me to believe, to keep it short and sweet, that small government is the best government. I fully support sweeping cuts in government spending, staffing and power.

Somehow, by asking for a smaller government, and showing the damage that a big government does to America, I, and those who think like me, have become enemies of the current regime. They call us threats to democracy, when what we really are is a threat to their hold on power.

Somehow, wanting the regime to lose power is equated to wanting something terrible to happen to them personally. That is simply not the case. I want all those people who are living off the government to start serving their fellow man in the private sector.

It means giving up their special perks, like drivers, staff handling all their needs, and being called Madam this or Honorable that. No one in America should have to kowtow to any of these people. To them, they view it as a threat, the most awful thing that could happen to them.

To me, it seems necessary and good and virtuous. I refuse to be told that I am evil, racist, dangerous, etc for wanting this…because I am not. I want less power in the hands of so few people. That was why we started the United States of America in the first place.

[Bubby @Bubbylicious]

@iamnot_elon X

[The ₿itcoin Therapist @TheBTCTherapist]

🚨 The best 2 minute summary by a politician I’ve ever heard on how to fix inflation. ‼️