I just called my reps to Oppose the #MAGAMurderBill H.R. 1: "One Big Beautiful Bill Act" - FINAL HOUSE VOTE TODAY (UPDATED 7/3) — you should too: 5calls.org/issue/hr1-on...
Clear solution for a country like Canada is to just pump up domestic demand a bit so that Canadians can afford to buy some of the Canadian products previously enjoyed by Americans. May also (if anything) soften CAD FX rate, helping exporters. Zero reason to accept 6.9% unemployment.
I have a hilarious idea for a country looking to pay down its foreign currency debt: build up some foreign currency reserves, trash talk your long duration foreign currency bonds—really lay into them—then buy them back for pennies on the dollar 😂 Call it the FAFO-YOLO method
With 2024 year being another boom year, my guess is that a lot of people who own stocks will owe money on Apr 15 that they didn't carefully plan for, and will sell to pay it. Maybe meme stocks especially (🧐Tesla), because people tend to YOLO into and out of them. Could add to the slide we're seeing.
An estimated 300,000 children globally are expected to lose access to a nutrient-dense peanut butter that’s specially formulated to treat severe acute malnutrition.
Fun fact. Most common index funds include Tesla shares. Tesla is about 1-2% of the S&P 500. So if you want to neutralize your exposure to that toxic waste, you can short $10-20 of Tesla stock for every $1,000 of S&P 500 you own, for example. Make sure you understand margin.
Not investment advice.
Anyone telling you to "buy the dip" on Tesla is really just desperately asking you to cash them out. You are their exit liquidity. Don't be the useful idiot left holding the bag.
Every day, some sad losers make a concentrated spurt of leveraged buy orders on Tesla to try and create a bounce, hoping to convince people it's not crashing. Cut your losses, man. It's over. No one wants to own that hot garbage. It's still trading around $290, but it's worth $75 AT THE VERY MOST.
Big Tech stopped building the future 15 years ago. Since then, they've just been building dumb bullshit and desperately trying to convince us it's somehow the future.
One neat thing is that you don't actually need to own Tesla stock in order to sell it. It's called shorting, and it requires $2,000 and a margin account (widely available). You lose money if it goes up and make money if it goes down.
Not investment advice. Easy way to lose money.
Not investment advice, but drastic cuts to government spending, going into a big tax season due to strong growth in 2024, as companies are getting squeamish from the chaos and putting investment on pause, as massive over-investment in AI runs on the fumes of breathless claims from 3 years ago...
You can say what you want, but every time you say "tax dollars" you are reinforcing your opponents' framing: that (1) people's primary civic identity should be "taxpayer" and (2) all gov't spending hurts them.
You think you caught them in a gotcha, but you're just reinforcing their bogus message.
REVEALED: we identified the operator of an overtly racist X account, "GlomarResponder," as ICE Assistant Chief Counsel James Rodden, based on an overwhelming number of biographical details matched through publicly available documents, other social media activity, and courtroom observation.
I wonder if Pinochet in Chile is a good example of what their game plan is. Crash the economy under cover of economic dogma that isn't meant to actually work, use the shock to create a corporatist police state, funnel power to a tiny elite, while people toil and starve. Just thinking out loud
It's hard for normal people to fathom these people's relationships with the truth.
They're not just lying, which is relatable. Rather, truth simply isn't a factor that enters into their choice to say things, the way words rhyming isn't a factor for most of us.
Don't try to look for meaning in it.
If you're on the left or center left, and you use the phrase "taxpayer money", consider that you are doing your opponents' rhetorical work for them.
Here's my take on unpacking the phrase and the shaky foundation it rests on:
www.theoutstandingbalance.com/whats-the-re...
Where do Congress and the Judicial branch have their operational accounts, and how are those accounts filled? Please tell me that the payments for salaries of Congress people, judges, and staffers in these branches are not operationally made through the US Treasury. @nathantankus.bsky.social?
My honest advice is to read books. Even some fiction can be more lastingly informative than news, and definitely more sanity-inducing—even when it's about difficult subjects. You can read books on subjects related to themes you're seeing today but have trouble making sense of. May learn much more.
Yes, this administration is dangerous and cruel, but they are also shockingly dim and incompetent.
Opportunities are everywhere.
Make everything as hard as possible. Resist every demand. Refuse entry without a warrant. Don’t take the buyout. Their problem solving skills are 📉
I took some time on this first day of 2025 to reflect on the pieces I've written on my newsletter The Outstanding Balance in 2024.
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www.theoutstandingbalance.com/the-outstand...
My honest advice is read less news and more books, history, and Wikipedia articles. That stuff is written by nerds obsessed with interesting relevant things instead of businesses trying to addict an audience on Whatever Just Happened
FINALLY its here: the (searchable!) database of nearly 30,000 pages of Federal Reserve Board meeting minutes I got through FOIA. As I've already started to write about, they significantly rewrite Federal Reserve history.
www.crisesnotes.com/here-are-the...
