@seanmdav I’m old enough to remember when if we were against Common Core it was only because we were traitors who wanted China to win the 21st century… and now our college grads can’t read
In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.
To reiterate: under @POTUS, the United States delivers for America’s trusted partners.
For a fuller explanation, I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies. Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.
This chart is why a huge chunk of the American right will never trust Flock.
If Biden had this network at scale, his DOJ would have used it to hunt anti-vaxxers. Track them. Fine them. Confine them. And, according to the poll, have support to take their kids.
29% of Democratic voters said they supported temporarily stripping custody from parents who refused the COVID shot. 59% backed house arrest. 48% wanted people jailed for publicly criticizing the vaccines.
Remember.... Silicon Valley was all-in on vax passports at the same time this poll came out. They were the most hysterical about it....
Biden-era DOJ overreach + that level of public support + a searchable national camera network = a nightmare for freedom.
That’s the whole argument..... Is this tool too powerful to hand to people who already told you what they’d do with it?
Many think so.
How bad was life before modern science, technology, and economic growth? Awful.
The example I will use in class this Wednesday is Henry Clay (1777-1852). He was one of the most powerful men of his time in the U.S., not just among the elite but among the elite of the elite: Speaker of the House, Secretary of State, Senator, and three-time presidential candidate. He was also rich and a large slaveholder. The U.S. was among the richest countries in the world (perhaps only behind Great Britain) and among the most technologically advanced. And we are not talking about the early Middle Ages, but about the first half of the 19th century.
Given the constraints of his time, he had nearly everything within reach.
Clay and his wife, Lucretia (both in the photograph), had eleven children: six daughters and five sons. He buried all six daughters. By 1835, all were dead: two as infants, two as children, two as young mothers. He also buried a son in a war his father had opposed. Another son, Theodore, fractured his skull as a child, but since nobody could treat him, he spent decades in an asylum in Lexington.
Think about this for a second: seven children dead and one handicapped out of eleven, in the first half of the 19th century, among the elite of the elite, in one of the richest and most advanced places on the planet.
And I was angry yesterday because my cell phone coverage in Toddington (England) was poor.
New - Billionaire Stanley Druckenmiller tells me "of course" he used AI to write op-ed on Bessent & bond market
"There's a reason I moved from an English major to being an economics major," he says, "I'm not embarrassed by it"
No response from WSJ
https://t.co/9j0tkH2qFe
The impacts of Treasury buybacks are often overstated/sensationalized, but the signal here is that Bessent = Yellen.
*Everyone* who comes into power blinks once they encounter the fiscal train. Doesn't matter what they said before.
We talked about this on @bitsandbips today, but let me lay it out as bluntly as possible:
The interest rate & inflation situation is neither a Fed nor Treasury problem.
It is a Congress problem.
Spend less money. There you go. That's the solution. Nothing else will work.
I was appalled by what happened during the Indiana Fever game last night.
Chicago's Natasha Cloud threatened former NBA player and future WNBA first-round pick Enes Kanter.
There is simply no place for this type of woman-on-woman violence in our society and it needs to stop.
Every primary in Florida has been called.
~95% of votes counted in 2 hours.
Still, deep-blue states will look Americans in the eye and insist that taking weeks to deliver election results is just "part of democracy."
After approx. 24 days at sea, the SpaceX Recovery team successfully guided Starship to a location just off the coast of Christmas Island. A team of SpaceX engineers is on their way to conduct additional analysis on the vehicle in calmer waters before attempting to return it to Starbase