@LynAldenContact I drive a 2006 X5, had it for 5 years and I love the versatility of the vehicle.
I would imagine someone like you drives a Tesla.
If not, a Porsche.
To state the obvious, borrowing $1.6T every six months is unsustainable and will only go up if we are pulled into a war.
To state the non-obvious, if we are borrowing $1.6T every six months, why aren't we trying to elongate the yield curve and sell long dated maturities past 30 years?
If you believe the terminal value of America goes beyond 30 years, then sell bonds to match and start now. There is no point timing the market - we already missed our golden moment so best to get on with it.
This is beginning to become a huge fiscal and monetary failure of action between The Treasury Department and The Fed.
@elonmusk
Thoughts on EMF radiation cooking the body at superchargers theory?
Source of radiation, vehicle and charging system linked to the radio tower. https://t.co/gVukugBvb9
Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.
Remember:
1. The SEC reviewed our business and allowed us to become a public company in 2021.
2. There is no path to "come in and register" - we tried, repeatedly - so we don't list securities. We reject the vast majority of assets we review.
3. The SEC and CFTC have made conflicting statements, and don't even agree on what is a security and what is a commodity.
4. This is why the US congress is introducing new legislation to fix the situation, and the rest of the world is moving to put clear rules in place to support this technology.
Instead of publishing a clear rule book, the SEC has taken a regulation by enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it.
Btw, in case it’s not obvious, the Coinbase suit is very different from others out there – the complaint filed against us is exclusively focused on what is or is not a security. And we are confident in our facts and the law.
We'll get the job done. In the meantime, let's all keep moving forward and building as an industry. America will get this right in the end.
The telephone, the internet, and crypto share one thing in common. Each technology improves on the next in terms of its ability to facilitate fraud. As such, I was initially a crypto skeptic, but after studying some of the more interesting crypto projects, I have come to
@MoodysAnalytics@SP_500@Tesla@elonmusk
“The considerations are not so much of a quantitative nature but more qualitative.”
I guess Moodys ability to assign credit ratings based on qualitative aka their opinion and biases makes Moodys a top credit rating agency. Bravo!
Managing information asymmetry is always a challenge for investors.
There are things you put 1,000+ hours into that seem clear to you, that the quorum of the market doesn't yet see.
Simultaneously, there are things you have a blind spot for that others are experts in.
Don't crush alternatives to Big Tech! As a constituent @SenWarren, please support a #decentralized future by voting YES on the Wyden Amendment and NO on the Warner Amendment. #DontKillCrypto
via @fightfortheftr https://t.co/bnUsFOkSw8