@nickgiva1@ThematicMarkets We’ve had the UST market freeze twice in the last 8 years due to massive leveraged bets in that market. Which was caused by traders feeling too comfortable knowing every nuance of the Fed’s thinking, giving them comfort to lever up. As you say, it’s time for traders to man up.
@nickgiva1@ThematicMarkets Your view is so refreshing versus others on here, the majority of which are crying that the Fed won’t share their play-by-play “reaction function” with them. They ignore 30 years of the Fed getting everything wrong but cannot imagine having to make calls on their own…
@Fullcarry@hristopelov With respect, Ed, the Fed doesn’t owe anything to the market. The market takes in economic data and express its judgements thru markets. The Fed uses the same info internally and comes up with their own views. It was this way for decades before Benanke.
@Investor_NICK_ I had to send a list email out of SF yesterday. If I had owned shares directly I would’ve sold all of them after that time waste. Absolutely ridiculous in a world of AI.
@calvinfroedge I don't trade oil but if there's one thing I've learned it's that oil prices will do the exact opposite of what every in-the-know energy expert thinks they should do. Every. Single. Time. Without fail.
@rcwhalen Funny thing is the Telemundo broadcast uses the "hydration pauses" to actually talk about the game. Zero commercials. Meanwhile, Fox crams in every beer, cell phone, and drug commercial they can during these breaks.
I find it interesting that so many people attack @elonmusk for becoming a trillionaire after building companies, creating products, generating jobs, and helping create wealth for countless employees and investors. Yet there’s far less outrage directed at a government that has spent and wasted trillions of taxpayer dollars—often with little accountability, limited transparency, and documented cases of fraud. One fortune was built by creating value people chose to support; the other was spent using money taxpayers had no choice but to provide.
@CynicalPublius Pride doesn't qualify as religion under case law as it doesn't try to answer "ultimate questions" (i.e. a Creator), isn't a comprehensive view of life beyond its main concern, and lack of "sacred texts."
However, Mahmoud v Taylor (2025) put some guardrails around it.
@CynicalPublius I did some research on this very question and the issues lie in Supreme Court decisions in 1965 (US v Seeger) and 1970 (Welsh v US) along with Third Circuit ruling in 1981 (Africa v Pennsylvania). This is the case law that defines what qualifies as religion and what does not...