Global Report Dog

We share charts, and make videos about whatever we catch a scent on. Not investment advice.

[Global Report Dog @GlobalReportDog]

Energy Market Time Machine Since 2018 via the JPM Energy Papers by Michael Cembalest.

Hear about key energy market themes since 2018 as you are diving into this year's paper.

[Global Report Dog @GlobalReportDog]

Warren Buffet on the Housing Market from his 2007 letter

[Global Report Dog @GlobalReportDog]

@chamath Here's the footprint of the business. The fact that this business sits within the Berkshire Hathaway Energy footprint.

The business does seem a little misplaced sitting in the Berkshire Hathaway Energy structure.

[Global Report Dog @GlobalReportDog]

Chamath Energy Reality Check

[david friedberg @friedberg]

America's Biggest Mistake?
A portion of every American's paycheck is deposited into the Social Security trust fund (OASI), which is then invested to create returns that aim to support long-term retirement payments.

Since 1941, OASI has ONLY invested in US treasuries, averaging an annual return of just 4.8%. Meanwhile the S&P500 has been compounding returns at 10.5% per year.

If instead of buying treasuries, OASI bought the S&P500 index starting in 1971 (the year the US went off the gold standard), it would have a $15.1T balance today and Americans would all share ownership of ~1/3 of America's best companies, likely supporting increased retirement benefits, lowering taxes, and reducing Federal debt levels while being the world's largest sovereign wealth fund.

Instead, OASI has a $2.7T balance today and is projected to go bankrupt in 2032, as retirement benefits swell while annual returns on US treasuries held by OASI have shrunk to <3% per year recently.

Many economic inequities in America can be traced back to this structural mistake. By not investing OASI in equities, only privileged Americans with private pensions, 401(k)s, IRAs, and other investment retirement accounts have benefited from the marvel of American capitalism, leaving behind the tens of millions of Americans who had no choice but to rely on Social Security and were left reliant on low-yielding US treasuries.

It is not too late to change. Social Security can still pivot to an equity-driven investment model, driving future balance sheet growth, providing investment capital to American businesses, reducing the dependence on Federal taxes and money-printing, and giving all Americans ownership in America's best businesses.

Rather than create a new sovereign wealth fund, while ignoring the imminent failure of Social Security, legislators can restructure Social Security. By adding ~$500B directly to OASI, investing the entire balance in the S&P 500, and assuming future annual returns of ~10.5%, OASI will grow while also meeting all future retirement obligations, rather than shrink away into insolvency.

The longer we wait to fix Social Security, the more expensive it will become... shifting to an equity-driven investment model now could ensure its long-term viability, address economic inequities across the US, create the world's largest sovereign wealth fund, and give every American ownership and participation in the rewards of American capitalism.

[Global Report Dog @GlobalReportDog]

@JHWeissmann A long term higher rate environment combined with reckless govt spending is the biggest threat facing the US which would propel debt to GDP to unstainable levels

[Global Report Dog @GlobalReportDog]

@JHWeissmann Tariffs stink, but Bidenomics and subsidizing the archaic faction of the US defense-industrial base for a never ending war was not going to solve this problem

[Global Report Dog @GlobalReportDog]

Trump Goes Venture Global

[Global Report Dog @GlobalReportDog]

Putin's Energy Shuffle

[Global Report Dog @GlobalReportDog]

Masa Moonshoot and AI Trillions

[Global Report Dog @GlobalReportDog]

Chinese Energy Drive By

[Global Report Dog @GlobalReportDog]

Chinese Energy Drive By

[Global Report Dog @GlobalReportDog]

The 5 min AI Energy Problem

[Global Report Dog @GlobalReportDog]

1/4 We had a great meeting with @elonmusk on capitol hill this week.

No guarantees, but the pack believes we convinced Elon and the rest of @DOGE to consider this thread of critical public resources when making the necessary cuts.

What did we miss?

Image by @grok

[Yohan @yohaniddawela]

You don't need to know programming or GIS to use geospatial data.

Here are 4 resources to get you started:

[Global Report Dog @GlobalReportDog]

4/4

Library of Congress Public Use Collection: https://t.co/EsB53cGL19

Govt Dataset Catalog: https://t.co/qlPqWyu6x2

Catalog of US Govt Publications (CGP): https://t.co/aL8mDhsarJ

National Technical Reports Library (NTRL): https://t.co/mOH4zvZBcr

Image by @grok

[Global Report Dog @GlobalReportDog]

1/4 We had a great meeting with @elonmusk on capitol hill this week.

No guarantees, but the pack believes we convinced Elon and the rest of @DOGE to consider this thread of critical public resources when making the necessary cuts.

What did we miss?

Image by @grok

[Global Report Dog @GlobalReportDog]

3/4

SEC Edgar Data/API: https://t.co/OkA1soNyHP

Census API Data and Select Tools:
https://t.co/YiMKelIVsk

https://t.co/Oe8exVt5CE

https://t.co/IFoB1GiEJm

Govt Accountability Office (GAO): https://t.co/hUJBawuxjn

USDA Reports and Data:
https://t.co/wCa56y9Pb1

Image by @grok