JMK

ex-philosopher, ex-hedgefunder, hirable gun

[Dana Moore @danamoore070]

@im_PULSE @Nrg8000 If you look at the history of humankind, he's got a point about the way the world works. I don't see him as much on twitter anymore.
I don't know where he's coming from, in reference to the 'just give up' spin.

[The Kyiv Independent @KyivIndependent]

⚡️Mariupol City Council calls for help as residents begin to die from starvation.

More and more people are left without any food while multiple attempts to create humanitarian corridors and to provide aid have failed as Russian troops continue to violate ceasefire agreements.

[Claude Taylor @TrueFactsStated]

Hello, @mattgaetz any thoughts on the billboard? Reporters are trying to reach you for your comments...

[Matt Zimmer @MattJZimmer]

No. Way.

[JMK @jmk1575]

a good moment to remember that democracy does not equal fate

[JMK @jmk1575]

https://t.co/zvqK9aQeUa

Remember when we had a reasonable person running the country?

It now feels like mythology that the leader of the free world could string a few sentences together, much less on the fly...

[JMK @jmk1575]

@harrisonjaime what's the best way to contribute so that the funds go straight to Jaime and a cut does not end up with a fundraiser?

[JMK @jmk1575]

Another dead cat bounce. Oil is already fading. Close to week lows by end of Friday? Who wants to hold this weekend? #spx #cl

[JMK @jmk1575]

Oil markets rally 10% because Trump thinks there will be a deal in days and because China will buy another drop for their bucket? Dubious.

[JMK @jmk1575]

trillions of Fed + Treasury priced in (too exuberant); quarterly rebalance done.

greatest shorting opportunity in history since last month ...

#spx

[JMK @jmk1575]

with oil already at decades low $20, the talk is negative prices as storage fills up.

But so many ways to change the game:

* $20 tariff on foreign oil
* Supply destruction can always go faster than you think
* storage innovation
* Fed can always buy futures

...

#cl #oil

[JMK @jmk1575]

Many of these already on the #bailout table. But the helicopter money won't be enough to deal with housing costs. Close that circuit from the top and make the landlords whole (don't rely on the banks to follow @BankofAmerica example). #coronavirus #mortgageholiday

[JMK @jmk1575]

7) MBS holders take the hit from deferred mortgage payments. (If there are big knock-ons, industry lobbyists will make them known and maybe you need one more program.)

8) Similar ~0% interest program for small business (but not tied to full revenues since they cut employees)

[JMK @jmk1575]

7) MBS holders take the hit from deferred mortgage payments. (If there are big knock-ons, industry lobbyists will make them known and maybe you need one more program.)

8) Similar ~0% interest program for small business (but not tied to full revenues since they cut employees)

[JMK @jmk1575]

6) Special ~0% interest / 30 year amortizing loans to landlords equivalent to 1/4 of the rental income claimed last year (i.e. 90 days rent). Fed backs in full. Let the banks / Amex / business- credit providers administer (and support themselves a bit.)

[JMK @jmk1575]

6) Special ~0% interest / 30 year amortizing loans to landlords equivalent to 1/4 of the rental income claimed last year (i.e. 90 days rent). Fed backs in full. Let the banks / Amex / business- credit providers administer (and support themselves a bit.)

[JMK @jmk1575]

4) Treasury pays $1 - 2k to households to cover food, gas, etc.

5) Fed increases QE purchases to match the new spending $ for $.

[JMK @jmk1575]

4) Treasury pays $1 - 2k to households to cover food, gas, etc.

5) Fed increases QE purchases to match the new spending $ for $.

[JMK @jmk1575]

3) Treasury pays back similar money to anyone who filed 1099s (with income < 100k). (UE entitlement for the gig economy)

[JMK @jmk1575]

3) Treasury pays back similar money to anyone who filed 1099s (with income < 100k). (UE entitlement for the gig economy)

[JMK @jmk1575]

Rough plan to support economy during #coronavirus #mortgageholiday

1) 90-day freeze on all debt payments. No mortgage, no rent, no auto, no credit cards. (And no interest accruing.)

2) double (or even 3x 4x) unemployment benefits.

[JMK @jmk1575]

Rough plan to support economy during #coronavirus #mortgageholiday

1) 90-day freeze on all debt payments. No mortgage, no rent, no auto, no credit cards. (And no interest accruing.)

2) double (or even 3x 4x) unemployment benefits.

[JMK @jmk1575]

... As long as the testing bandwidth is increasing slower than the growth rate of the virus and there are plenty of the cases, the numbers will go up. All we are learning about is our testing capacity. Not much additional information.

#Floridacoronavirus #coronavirus

[JMK @jmk1575]

Florida:

1) a week+ behind other big population centers.
2) spring break is an accelerant
3) retirement communities = susceptible density, symptoms will show faster

An explosion there (or lack) next week more informative than the testing ...

#florida #coronavirus

[JMK @jmk1575]

Florida:

1) a week+ behind other big population centers.
2) spring break is an accelerant
3) retirement communities = susceptible density, symptoms will show faster

An explosion there (or lack) next week more informative than the testing ...

#florida #coronavirus

[JMK @jmk1575]

@JoeBiden seems like a meaningless commitment given that most will use up their cash trying to alive ...

instead: make CEOs put the lion's share of the cash they've made over the past decade & future compensation back into their firms -- precondition of any bailout.