New data FROM THE TRUMP ADMINISTRATION confirms it:
Our work to reverse California's decades-long homelessness crisis is paying off.
We'll keep building more housing, expanding care, and connecting folks with support to make sure all Californians have a safe place to call home.
@lookonchain@saylor@Strategy Like. What drugs is this guy on? He sells 32 BTC only to buy back 1550 barely a week later? Lie this is not the way to average down…
@WhiteWhaleLabs Aren’t RWA’s, Western Union, PayPal, and a # of other mainstream projects clear indications of growing maturity? Traditional finance also went through a similar passage through the 80’s, 90’s, and aughts; then hit exponential financialisation. That seems to be SOL’s path.
Last week, I was proud to welcome New Yorkers as they moved into their new apartments at Willets Point in Queens — the city’s largest affordable housing project in forty years.
Earlier that day, I met residents whose NYCHA homes in Brooklyn will finally receive the repairs and renovations they deserve through the Public Housing Preservation Trust.
We're building the affordable homes our city needs, preserving the affordable homes we already have, and investing in public housing in every borough so that working people can continue to call this city home.
The thing that people get wrong about Strategy is that they take every step to infinity.
Strategy issued preferreds ... what if they they issue $1 trillion of preferreds? They'll never afford the premium!
Strategy sold bitcoin ... what if they sell all their bitcoin? It'll tank the market!
It's intellectually lazy. Everything breaks at infinity.
I'm not Pollyanna on Strategy; there is both risk and opportunity in each part of the capital stack. Among skeptics, @jdorman81 at Arca and @austincampbell at NYU have done a good job tackling the risks, and bulls should wrestle with their views seriously.
But most of the criticisms are way to superficial and lead to wrong conclusions, which won't help people navigate the market.
If you're worried about them selling bitcoin, let's talk about how much they would have to sell when in various worst-case scenarios.
If you're worried about the preferred dividend overhang, start by acknowledging that the risk is extremely path dependent.
The real outlook for Strategy is more mixed, uncertain, path-dependent, and interesting than either its critics or its fans let on.
🚨 Zohran Mamdani announces the launch of 5 city-run grocery stores in NYC.
Experts predict this will significantly increase access to nutritious food in low-income areas.
@Vivek4real_ ETF outflows created sustained spot pressure; war/Iran sanctions and Mt. Gox headlines weakened sentiment; Strategy’s small BTC sale damaged confidence; leverage then turned the decline into a sharper cascade.
@martypartymusic I don’t really see that at scale: ETF outflows created sustained spot pressure; war/Iran sanctions and Mt. Gox headlines weakened sentiment; Strategy’s small BTC sale damaged confidence; leverage then turned the decline into a sharper cascade.
@Ausbobsmit That depends on demand elasticity, supply elasticity, competition, contracts, substitutes, inventory cycles, and bargaining power — not merely on whether a firm wants to pass the cost on.
Drug-resistant infections are a major public health threat around the world.
To fight them, scientists are constantly trying to find and develop new antibiotics.
Now, researchers say artificial intelligence is helping speed their search.
Miles O'Brien reports.