mickey

[mickey @theyieldpages]

@mcuban Local models.

[mickey @theyieldpages]

@ray4tesla I love the part where you highlight which is which

[mickey @theyieldpages]

@JOBhakdi Wondering if you have any resources on this? Way to approx?

Curious, following.

[mickey @theyieldpages]

@EtcMaszda @SpencerHakimian Why do you say it should?

[mickey @theyieldpages]

@TheBarrenNorth @SpencerHakimian Don't see a route for significant cutting of spending items. Neither party will raise taxes in efforts to stay in office forever. This won't end well.

[mickey @theyieldpages]

@JeffPasquino @WarClandestine The data is complied from Deltek...the administration actively has an incentive to mislead with fudging the data. WSJ is credible. Not saying to pick one over the other but it seems logical to trust the party with no incentive over it.

[mickey @theyieldpages]

@JeffPasquino @WarClandestine Sure - but thats a large gap to fill on the deficit. I am not saying there isn't waste DOGE is finding, but rather their cuts are an insignificant driver of closing the gap which they are praising it is.

[mickey @theyieldpages]

@thinking_panda Yanet big mistake using the short end of the curve and endorsing massive spending bills....

[mickey @theyieldpages]

@dlacalle_IA Why should we be worried here?

[mickey @theyieldpages]

@JeffPasquino @WarClandestine How will this address the deficit? Growing at trillions per year. We are way over lever'd + the rest of the world is tired of the unpredictable US. Credit markets are always right.

[mickey @theyieldpages]

@RudyHavenstein @JonMcKernan Not arguing against or for - curious if there were legitimate reasons for fear of systematic impact besides Sequoia and SF techies

[mickey @theyieldpages]

@RudyHavenstein @JonMcKernan Was there substantial evidence this would NOT have destabilized the banking system?

Under the bill there is a systematic risk exception: "...could destabilize the banking system and cause serious economic consequences"

[mickey @theyieldpages]

@beyond_broke @zerohedge How material are two cuts here?

[mickey @theyieldpages]

@RudyHavenstein @JonMcKernan overall we've seen more comp between banks (though consolidation) which has created lower fees + higher dep rate for consumers.

[mickey @theyieldpages]

@RudyHavenstein @JonMcKernan bit more nuanced. The money came from FDIC's dep fund. This is funded by fees from US banks (incl OK banks). I agree these are passthrough and ultimately this was socialized while the risks/upside were privatized. One would think banks would become more competitive with these

[mickey @theyieldpages]

@melonhead800811 @RudyHavenstein additionally - 1.9 T bill under Biden (endorsed by Yanet) created inflationary pressures. Seems pretty simple looking backwards how this would've unfolded.

[mickey @theyieldpages]

@melonhead800811 @RudyHavenstein 2020-2022 period should have seen (0% rates) the US flood markets with 30, 50, 100 year bonds. Yanet tilted towards ST debt which (at ~5% on that end of the curve), has hurt the US. Longer maturity bonds would have been good for cementing US dollar worldwide as well.

[mickey @theyieldpages]

@jonnagap @BillAckman @pennycheck @howardlutnick It’s about sending a wide net, they’re also off their rockers.

[mickey @theyieldpages]

@BillAckman @howardlutnick Agree conflict of interest still exists.

[mickey @theyieldpages]

@BillAckman @howardlutnick Bill — independent of Howard, they need to refi debt and Trump can’t make Jerome lower rates. Manufacturing base back is an illusion for ST. Tank stocks and bond yields follow. The dynamics would be even worse if alternatives/priv markets didn’t exist.