okottoshi

Riding along the road to the dark ages. #crypto

[okottoshi @okottoshi]

@LoganMohtashami I thought we might see that mug again today

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@MerrillLutsky @Bfaviero The midwesterner in me thanks you for this comment.

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@mattyglesias They are hoping to get the V. Military to drop Maduro and align with US interests instead of Cuban. Only plausible strategy right? War would be moronic.

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@daveweigel Well done.

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@conorsen @mikesimonsen Can you have both of those things at the same time?

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@LoganMohtashami Do spreads plunge like that often? Is there a mover here other than expectations of slower labor market and Fed rate cut?

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@LoganMohtashami Best Grover Norquist meme of the day

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@BravesGators @1RentalataTime At the same time that spreads are ticking down, inflation is ticking up and probably dragging the 10yr up with it, so looks like we’re just going to miss a chance at the 5’s.

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@InterestArb Due process is perfect for this.

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@stevehou0 Rates were much higher in June, they began to drop in late July to their current level.

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@LoganMohtashami Fascinating. It also gave birth to the debt settlement industry, which boomed in the GFC, busted, and is now booming again. (Not suggesting any relationship to foreclosure outlook)

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@mattyglesias Tweet of the week 😂

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@WClementeIII Wait till you have kids

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@LoganMohtashami How would you expect this to impact house prices? In CA they have property tax price controls that favor existing owners. With no taxes, do you just see the property tax payment translate directly into the house price payment for new buyers? Would still leave the young behind no?

[okottoshi @okottoshi]

@LoganMohtashami Point taken. I just worry that with goods inflation only starting to take off, and wages rising off the back of a shrinking labor force, we don’t see rates fall and instead get 1970s style stagflation, which has been the caution of many mainstream economists since the election.

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@1RentalataTime See: Argentina

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@1RentalataTime Stablecoin companies just buy the short end of the curve though, not out to 10+yrs which is what mortgages track.

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@mikesimonsen Congrats!

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@mikesimonsen As @Markzandi covered in his podcast Friday, the only sources of private sector job growth are healthcare and hospitality. All other private sector areas are shedding jobs.