Chris

[Chris @chrisriboli]

@Neil_Irwin @kylascan We did it.

[Chris @chrisriboli]

@MebFaber I hope Cambria isn't in those stats anytime soon 👀

[Chris @chrisriboli]

@MorganBarrettX @erik_stiebel Let's go, Gundo!

[Chris @chrisriboli]

@markcecchini Hero

[Chris @chrisriboli]

@markcecchini Equity my good sir

[Chris @chrisriboli]

@OddStats Good to have you back, stats

[Chris @chrisriboli]

@ChrisBarnardDL @DiscipulusVent @newindustrials @FAIaction Gundo getting the shine it deserves

[Chris @chrisriboli]

@herrmanndigital Get Herrmann on the pod. The perfect guest.

[Chris @chrisriboli]

@writingenjoyer @TheStalwart @JohnHMcWhorter my fave @xkcdComic

[Chris @chrisriboli]

@PirateWires Give us a new merch drop @micsolana

[Eric Nelson, CFA @ServoWealth]

This investing stat never ceases to blow my mind! 😳😳😳

How much can a diversified equity portfolio help you in retirement?

If you had $1M in 2000, needing $50k/yr plus inflation—

You WERE BROKE BY 2016 if you invested 100% in S&P 500!

If you instead invested in a (globally) diversified stock portfolio (with small cap & value exposure), you had $3.0M left—3x your starting amount!—in 2025, including almost $800k more annual spending from 2017-2025!

Share this with EVERY retired or soon-to-be retired person you know!

[Chris @chrisriboli]

@MollySOShea We are ready 🫡

[Scott Lincicome @scottlincicome]

Yet another reminder that today's "intellectualization of America First" is at its root just an exercise in reverse-engineering the incoherent and ever-changing utterances of a single septuagenarian politician

[Chris @chrisriboli]

@federalreserve Some very @besttrousers charts in here

[Cullen Roche @cullenroche]

Just to summarize what’s happened in the last few weeks:

They concocted this whole thing based on a fundamental misunderstanding of the global economy. They think manufacturing jobs will come back (they won’t). They think free trade made us poor, when it actually made us rich. They think the current account deficit is unsustainable when it’s a rounding error in our aggregate net worth and also accretive to our net worth. They think being the reserve currency is bad when it’s a sign that everyone wants to do business with us. And they think poor foreigners were taking advantage of us when we’re the richest economy in human history.

And to "fix" all of these "problems" they implemented the one policy idea that almost every economist alive says is bad.

And then when they implemented that idea they misunderstood the math behind the rationale and came up with numbers that were irrationally huge. So they had to backpedal.

And when bond yields moved a tiny bit higher they panicked and "fixed" all of this by making the numbers slightly smaller, but they clearly hadn't done the math again because the numbers are still way bigger than any economist would ever recommend they be. Then they patted themselves on the back because of intraday moves in stocks while an economic hurricane continues to barrel towards us because they have no idea what they’re doing.

Amazing stuff.

[Yoni Appelbaum @YAppelbaum]

And if you add together the rising cost of materials, labor shortages, and surging mortgage rates? One thing the Trump administration is decidedly *not* doing is lowering housing prices: https://t.co/IlwjhwDDCz

[Brian Schatz @brianschatz]

OUR PLAN IS WORKING PERFECTLY AND IS JUST A NEGOTIATING TACTIC BUT IT IS ALSO GOING TO BE PERMANENT AND WE WILL BE THE WORLD LEADER IN TEXTILES AND NOW THERE IS A PAUSE AND EVERYONE NEEDS TO CHILL BUT ALSO WE WILL NEVER BACK DOWN AAAAAAHHHHHH

[Scott Lincicome @scottlincicome]

"necessary" is the point. Americans have gotten MUCH richer and more women work by choice than in 1971. This has dramatically changed what Americans today consider "necessary" vs 1971, and the "hedonic treadmill" ensures we don't remember/appreciate how much we've gained.

but the fact remains: if you have a single median income and want to live a "1971 life" - small house, 1 crappy car, no kids in college, no childcare, canned food, 1 local/cartrip vacation, etc/ - you probably can (and probably better than back then). But nobody wants that life.

[Sara Eisen @SaraEisen]

This is the part I often wonder about, from @CliffordAsness:
“why on earth would we be promoting this direct competitor to our being the world’s reserve currency, something that conveys upon the United States exorbitant privilege”

[Joey Politano 🏳️‍🌈 @JosephPolitano]

25% tariff on cars, trying to cancel congestion pricing/California high speed rail, whatever Elon is doing at the FAA, 25% tariff on steel and aluminum for domestic cars/planes, the Trump administrations transportation plan just seems to be “walk”