HamPorter36

I eat @FaiccosPork and retweet things

[HamPorter36 @hamporter36]

@ThomasF95654640 @charliebilello Also does this just include listings or actual sales? Many Miami listings the sellers are delusional and they’ve been sitting for a while

[Magoo PhD @HodlMagoo]

The denominator matters.

Priced in gold, the S&P 500 is still down 65.5% from its 2000 high — even with every dividend reinvested.

It has only outpaced gold by just +0.7% a year since Nixon closed the gold window.

[Roberto Rios @peruvian_bull]

FINANCIAL GRAVITY:

If we divide the S&P 500 by the fed’s balance sheet, the line is basically flat since 2008.

The correlation coefficient between central bank quantitative easing and the price of stock indexes is nearly 1.

The money printed by the Fed, because of the structure of the Open Market Operations, is plugged directly into the Treasury markets, and from there, flows into equities and derivatives.

This has served to primarily enrich the asset owners, financial institutions, and wealthy elites who own the majority of the stock market anyways.

The entire rally has been an illusion, financed by the Fed and maintained through QE.

[Geiger Capital @Geiger_Capital]

44% of rent stabilized units in NYC are occupied by people born outside of the US…

American-born citizens are subsidizing the foreign-born to live in our financial capital, while driving up prices of the remaining supply.

[HamPorter36 @hamporter36]

@JonnyRoot_ @elleduncantv thoughts?

[Dirty Texas Hedge @HedgeDirty]

Over 4000 workers just became millionaires by owning the means of production and the socialists are pissed

[HamPorter36 @hamporter36]

@NewsWire_US The issue is cost. They’re great trains, but it’s just not feasible to regularly pay $75 per person round trip to go just Miami-WPB.
With Uber or parking that’s $200 just on transport for one trip with the wife.

[Tom McClellan @McClellanOsc]

Here is a graphical depiction of that forward returns vs. P/E point.

[Julian Klymochko @JulianKlymochko]

Goldman's David Solomon providing some much needed rational thought around private credit:
- GFC saw defaults peak at 10%
- recoveries were 50%
- trough cumulative loss of 5%-6% vs coupons of 9%-10%

For context, listed BDCs are currently pricing in defaults of more than 20%

[HamPorter36 @hamporter36]

@JonLuskin @elyasandkhoy Much wider dispersion in privates vs public

[HamPorter36 @hamporter36]

@HighyieldHarry Shhh you’ll ruin the headlines.

Everyone so busy trying to find the next 2008.

If anything, a slight washout is good. For the last 5+ years you didn’t really get rewarded for manager selection in PC. Beta got you everything. You’ll now finally see who simply hitched a ride.

[MythoMarco @MythoMarco]

"We in America have no interest in being polite and orderly caretakers of the West's managed decline."

[HamPorter36 @hamporter36]

@junkbondinvest What percent is continuation vs LP led secondaries. Being a viable liquidity option for LP’s is one thing.. but extend and pretend (most CV’s) is another.

[HamPorter36 @hamporter36]

@YahwehOrBust Hell of a wine

[Andrew Benson @AndrewBenson]

Peter Thiel will personally make $42 billion from the SpaceX IPO at $1.5 trillion valuation. What a recovery from the mistake of exiting FB early. I bet he never sells.

- FF II holds 10% of SpaceX ($150 b)
- PT funded 10% of that ($15b)
- Carry of 20% assuming that in the early days he was entitled to all of it ($135b x 20%) = $27b

[HamPorter36 @hamporter36]

@NicoGladia Imagine paying Ares private market fees for 40% liquid credit

[Bespoke @bespokeinvest]

Since the iShares Bitcoin ETF $IBIT began trading, had you only owned it after hours (buy the close, sell the next open), it's up 222%. Had you only owned intraday (buy the open, sell the close), it's down 40.5%.

(Past performance is no guarantee of future results.)

[High Yield Harry @HighyieldHarry]

Look at how they massacred my boy

[ESPN @espn]

Siena men's lacrosse coach Liam Gleason has died, the school announced Wednesday, three days after he suffered a traumatic brain injury in a fall at his home. He was 41. https://t.co/w4CcrJt23y

[HamPorter36 @hamporter36]

@piktoggle_ @SperrysandNikes Wrong - most of these private firms principal is director. Not a crazy stretch from vp