Mike Pena

[Mike Pena @Mikepena_11]

The last supper ~ Leonardo Da Vinci 1495

[Mike Pena @Mikepena_11]

@TerryFranconia Mikey Mouse

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US M2 money supply jumped +4.5% Y/Y in May, to a record $21.94 trillion.

This marks the 19th consecutive monthly increase.

It has now surpassed the previous all-time high of $21.86 trillion, posted in March 2022.

Furthermore, inflation-adjusted M2 money supply rose 2.1% Y/Y last month, the largest increase since early 2022.

Since 2020, the US M2 money supply has risen nearly $7 trillion, or ~45%.

The US Dollar's purchasing power is in an eternal bear market.

[junkbondinvestor @junkbondinvest]

PE fundraising down 35% while secondaries hit $52B

Translation: LPs would rather sell at a discount than wait for distributions

[Ray Dalio @RayDalio]

Re the U.S. debt downgrade, you should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt. They don't include the greater risk that the countries in debt will print money to pay their debts thus causing holders of the bonds to suffer losses from the decreased value of the money they're getting (rather than from the decreased quantity of money they're getting). Said differently, for those who care about the value of their money, the risks for U.S. government debt are greater than the rating agencies are conveying.

#principles #howcountriesgobroke #debt

[Big Ten Conference @bigten]

We know you’ve been waiting for this one…

“Maps” is here and it’s beautiful. #B1GWelcome

[INVESTMENT HULK @INVESTMENTSHULK]

TAKE A MOMENT TO APPRECIATE HOW LUCKY YOU ARE TO EXIST ON THE TIMELINE WHERE THE UFC IS A HOTBED OF AUSTRIAN ECONOMIC THOUGHT.

[Matt. @MattTheBrand]

(morning after drinking 13 gin and tonics in one night) idk i feel weirdly bad

[memes.xlsx @ExcelHumor]

when the spreadsheet starts in B2

[High Yield Harry @HighyieldHarry]

When someone asks me a working capital question during an Investment Commitee where 500+ people are dialed in

[Bullpen Clown @nunchukdave]

If you can’t handle me at S + 550 then you don’t deserve me at S + 200

[Overheard on Wall Street @OHWallStreet]

When she sees your excel skills

[LFG Capital @LFGCapitalLLC]

Development guys will see this and say “hell yea”

[Nick Maraldo @nickmaraldo]

Today is the day we will remember forever

11/22/2001

Scott Stapp and the boys of Creed rocked the worlds faces off in Dallas for a Thanksgiving celebration 🤟🏻

[High Yield Harry @HighyieldHarry]

If OpenAI can take Sam Altman back, then she can take you back.

Go drunk text her King.

[Buyside Scum @CorpFinScum]

My fiancé: “My coworkers are literally the best, I love working with such strong women who share my goals and ambitions.”

Me and my Analyst: “Do you think god is real?”

[A-squared K @PlanckLength621]

@engineers_feed Number 9..., number 9..., as the Beatle song goes.

[High Yield Harry @HighyieldHarry]

Need a girl who will react like this after I ask a smart question on a diligence call

[🅿️ @the_P_God]

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