Tomorrow morning, I'll be speaking with NDC Gubernatorial candidate for Lagos State.
There are questions around healthcare, housing crisis, thug pestilence - that require answers from his perspective.
Set a reminder & bring your questions.
https://t.co/x4LwEm6eNF
A lot of people on X are new to the markets. So I'll make this as simple and harsh as possible.
The economy is not going up. It is not going down. It is doing both at the same time. This is called a "K-shaped
economy" and almost nobody talking about affordability on your timeline understands what it actually means.
If you own assets, stocks and real estate, you are on the upper arm of the K. Your wealth has compounded aggressively since 2020. The S&P is at all-time highs. Home prices are up 50% since the pandemic. Your 401k is the best it has ever been.
If you do NOT own assets, you are on the lower arm. Rent is higher. Groceries cost more. A home that cost 2.2x the median income in 1960 now costs 5 to 7x. You are working harder and falling further behind, and it is not your imagination.
The top 10% of Americans own 93% of all stocks. The bottom 50% own 1%. The top 10% hold 68% of total wealth. The bottom 50% hold 2.5%. This is not an opinion. This is Federal Reserve data.
When the S&P goes up 25% in a year, the people who own stocks get 25% wealthier. The people who don't own stocks get nothing. That is the K. Same economy.
Two completely different outcomes based on one thing: whether you owned assets before the run started.
This is why your timeline is split in half. Half the people saying the economy has never been better. The other half saying they can't afford to live. Both are telling the truth. They are just on different arms of the K.
How long does this last?
The honest answer is that it has been going on for decades. The Richmond Fed traced this pattern back 30 years. It happened after 2001. It happened after 2008. It happened after COVID. Each time the gap widened and never fully closed before the next shock hit.
The last time wealth concentration looked like this was the Gilded Age, 1870 to 1900. That lasted 30 years before structural reform changed anything.
What does this mean for you?
The K-shaped economy is not a reason to panic. It is a reason to understand where you sit and what you can control.
The people on the upper arm did not get lucky. They owned assets. That is the entire difference.
Change your life and start small. No matter how small your account balance is. I only started with $10K, twenty years ago. This is your time to retire your whole family. They are counting on you.
There won't be a free and fair election in Nigeria until citizens demonstrate the same capacity for violence as the ones who seek to self perpetute and their urchins.
Democracy is a beautiful concept but it's not free. Nobody can give you a democracy. You have to keep fighting to keep it alive.
Peller’s Wedding Guests: Foreign Espionage And African Entertainment
When influencers and "foreign guests" collide, as is the case here, we are not watching a wedding but a social engineering operation
It is very clear here that the rise of our internet sensations is often engineered. When foreign money starts flowing into our digital spaces, it is time to start asking who is really behind the screen and what they’re buying with those "gifts." It’s time for Africans to stop being spectators to our own subversion.
The Bible was never given to make you an expert in ancient history.
It was given to reveal Christ.
If you read every page and miss Jesus, have you really understood the Scriptures? 🤔🔥
What's your view?"
#Bible#JesusChrist#ChristianX#BibleStudy#Gospel#Faith#Scripture
The Bible was never given to make you an expert in ancient history.
It was given to reveal Christ.
If you read every page and miss Jesus, have you really understood the Scriptures? 🤔🔥
What's your view?"
#Bible#JesusChrist#ChristianX#BibleStudy#Gospel#Faith#Scripture
My Tuppence to the Catholic Bishops :
Instead, what unfolded—and what Cardinal John Onaiyekan subsequently magnified across television screens—was a disappointing spectacle of partisan posturing, cynical broadsides, and unpatriotic twitches. By abandoning the sacred detachment required of their revered offices to act as proxies for opposition political elements, the Prelates delivered a performance that was as superficial as it was banal.
When the Cassock Abandons the Pulpit,
the cassock does not desert its wearer simply because he challenges the king.
It begins to lose its unique moral force when conviction overtakes balance, when measured judgment yields to partisanship and when personal sentiment, longstanding disagreement or visible sympathy begins to cloud the discipline that the episcopal office requires.
When a great leader falls, people who have never carried their burdens are often the quickest to misdiagnose the cause. Saying Samson was defeated by lust is a lazy, historically inaccurate reading of his life. Samson was not a sexual predator or a man chasing endless vices. He was a lonely hero who desperately wanted to love and be loved, and his ultimate vulnerability was misplaced trust.
The Bible explicitly states that Samson loved Delilah (Judges 16:4). This wasn't a fleeting physical encounter. He brought her into his inner sanctum, gave her his heart, and treated her as a lifelong partner. He failed because he SIMPED for Delilah.
To see the difference between lust and Samson's flaw, we only need to look at King David. David stood on a rooftop, watched a married woman bathing, demanded she be brought to him, and then murdered her husband to cover up his indulgence. That is the literal definition of destructive, unchecked lust. Yet, David was not 'defeated' or permanently stripped of his calling. If the raw mechanism of lust was what destroyed judges and kings, David would have fallen completely.
Samson fell because his heart was too open to the wrong person.
Since Peter Obi himself now acknowledges that it would be impossible to guarantee a 24-hour electricity supply within four years because our power infrastructure requires more time to build, then my question is, if the job requires more time than a single term, why was he seeking to become President for just one term? To do what?