Top Tweets for #Bullshift
I simply cannot practically imagine a world where this ends well…. Or much farther into the future. #Bullshift.
1. Stocks: all-time highs
2. Home Prices: all-time highs
3. Bitcoin: all-time highs
4. National Debt: all-time highs
5. Core CPI Inflation: >3% for 43 straight months, longest run of high inflation since early 1990s
6. Fed: cutting rates again next week
https://t.co/LijoYYpqqc

@william53563748 @ProudArmymom66 @iluminatibot https://t.co/NgSILIqTzc
Whatever! Only RICH SELF-EMPLOYED WOULD HAVE BEEN ABLE TO AVOID PCR TESTS!
#FEARMONGERING #BULLSHIFT
WE ARE ALL DOOMED! Well quite frankly I don't give a damn! I'm ready to go anytime! #LightAndLove #TheShift
Thanks, @AravindSitham. This is the point I have been making for years now re: #Bullshift. People expect higher than realistic returns and the industry does absolutely nothing to disabuse them of that expectation. Many will likely be hurt. Almost none will see it coming.
The most recent 15 year return for the S&P 500 is 15.16% annualized as at July 5th (Source: Y Charts).
in 2039 (15 years from now) for the 30 year annualized return to be 10%...
...the next 15 years need to return an annualized 4.84%.
Food for thought 🤷♂️
#budget #publicpolicy #fiscalpolicy are all discussed here with a recognized expert and with a lens focused on industry #Bullshift. Finance and politics have much in common. Ever notice how politicians don't say they're spending, but rather "invest in our future"?
Links below!
@tylermeredith is a #publicpolicy guru who has had a direct hand in crafting
numerous #federalbudgets. He joins John to talk about Tuesday’s #federalbudget.
->Spotify:https://t.co/5WC2AlZsca ->apple: https://t.co/6eCCKJKMz6
@STANDUP_Today
#Budget2024 #YourBudget

This is another example of what I call #Bullshift. The industry actively engages in feel-good fictions and knowingly and tries to pass it off as adding value.
An advisor once told me to use higher returns in my financial plans so that they look better than the competition.
1. That's not what financial planning is
2. If the value you provide is just jacking up returns in planning, reassess your career choice
When finance people say "we're in a stock-picker's market", they are not opining. They are flooding the zone with #Bullshift a la Steve Bannon. Disinformation that seems reasonable.
This infamous Steve Bannon quote is key to understanding America’s crazy politics | CNN Business
This week on #Bullshift, the #podcast, I speak with my friend @DanHallett of Highview Financial about risk tolerance. Can people really handle a big drawdown?
Spotify: https://t.co/M7Pj4Y60s3
Apple Podcast: https://t.co/wuSMuhzWQQ
Youtube: https://t.co/DhqoPuEcw8
USA with a P/B of 4.5 and a CAPE of 33. I don't know what will happen, but I do know that that represents frighteningly high valuations. I'm worried that so few people are worried. #Bullshift
Today

Many people (including advisors) are over zealous in portraying the change in inclusion rate as bad public policy. It may be bad for some of their clients, but that doesn't make it bad... just inconvenient. #Bullshift
https://t.co/oyIRp8HYx9
Has anyone else noticed?
Happy with the economy > Unhappy with the budget
Struggling to make ends meet > Fine with the budget
So much of the narrative you encounter depends on the commentator's narrow self-interest. Nothing wrong with that, but don't fall for the #Bullshift.
Hey, @MarkMcGrathCFP, guess who I just had on my #podcast - @tylermeredith! Great guy. Public policy maven. #Bullshift
Spotify: https://t.co/M7Pj4Y60s3
Apple Podcast: https://t.co/wuSMuhzWQQ
Stitcher: https://t.co/OkScQC59eA
Youtube: https://t.co/PKkpkekwtV

Thanks for this, @TimNashCFP
We need people at @EcofiscalCanada to amplify the message.
It's #Bullshift to think the economy can grow indefinitely given the real, considerable, and immediate constraints we are placing on the planet.
@STANDUP_Today Our measures of economic growth are gross and outdated. Robert Kennedy's 1968 speech rings even truer today.
Let's reimagine the purpose and aim of our economic growth!
https://t.co/WU9hQaE4LX
I'm fundamentally an optimist, but I feel the need to warn people about the risks of optimism bias.
Take off the rose coloured glasses and be realistic. See things as they are, not as you hope they will be.
In short, be careful about #Bullshift
I disagree. My sense is that every generation in the past century or two has had it better, knows it… and expects the trend to go on indefinitely. It cannot. People are not entitled to a better lifestyle. They use optimism bias to avoid dealing with reality. #Bullshift.
Every generation of young ppl in history assumes they have it worse than the generations that came before them
Every generation of old ppl in history assumes the younger generation is soft
How long are you planning on being retired? What? Less than 25 years? Longevity risk is real and would be compounded if there was a major drop in markets AFTER you have stopped working. Don't fall for #Bullshift
https://t.co/wzucqj3sPz
THIS WAS FANTASTIC! @TheHerleBurly @francesdonald, you two were great. The 'inside baseball' segment starting around 7:50 was such a lucid illustration of the challenges financial economists have if they want to manage career risk while avoiding #Bullshift.
🚨NEW POD🚨
Today on the pod, a guest who makes me feel like we’re doing something right around here at Air Quotes Media. Or, at least, not altogether wrong. That’s because she keeps coming back to the show, pretty much every time we ask her. 5 times now! And that makes her the all-time record holder for appearances … taking her out of a tie with Peter Weltman.
I want all our listeners to know … I’ve offered her the coveted full-time position as Herle Burly In-House Economist, but for some weird reason, she prefers to remain in her current job: Global Chief Economist and Strategist at @manulife Financial.
@francesdonald is with us today!
So today, a tour of most of the economic hot button issues:
💰 What’s the outlook for the next 18 months?
💰 Canadian Fiscal Policy and the role of low deficits.
💰 Immigration and the economy.
💰 And why is there a shortage of skilled trades to build the housing we so desperately need?
Join us:
YouTube https://t.co/hQ0UKJ90Sv
Apple https://t.co/jYl0T13j0T
Spotify https://t.co/DAkyFMbVXK
Google https://t.co/YkJGun8Mw5
AirQuotesMedia https://t.co/80QAwLFGpw

This week, I speak with Greg Romundt, CEO of Centurion on #Bullshift, the #podcast. Does anyone know what the Cantillon Effect is?
Spotify: https://t.co/M7Pj4Y60s3
Apple Podcast: https://t.co/wuSMuhzWQQ
Stitcher: https://t.co/OkScQC59eA
Youtube: https://t.co/pzNLkP4cGm
I was delighted to be asked to appear on the Canadian MoneySaver podcast recently. Here's the link:
https://t.co/tkUvkm9eeh
Thank you, @ellenroseman for allowing me to talk a bit about industry #Bullshift
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