Steely Dan @SteelyDelta10m
Focused on the U.S. Economy and understanding what’s next. Santa Barbara, CA Joined October 2022-
Tweets65
-
Followers84
-
Following143
-
Likes176
Maybe time to take a step back and think about where we are in the cycle. I noticed today that a $50B market cap tech company that underpins upside in quite a few Tech ETF and Funds is negative cash flow and pretty much has been for years. They report $8/share net income? Huh?
Brown shirt wannabe’s on the UCLA campus blocking Jews from going to class. When are they planning Kristallnacht?
Wages are up 4.8% annualized. That does not catch us up, instead it will drive inflation and make purchases more expensive. Inflation ruins quality of life. Like a dog chasing its own tail. $20 Burgers in CA? This Fed gets an F for enabling massive fiscal deficit spending.
Doesn’t matter what the Fed does. They waited too long for QT, not much room on the balance sheet for meaningful monetization. Excessive fiscal spending = inflation. The U.S. Government needs to borrow $2Trillion of deficit spending plus interest plus expiring bonds = high rates
Borrowing costs, which of course have sky rocketed, are not included in CPI. Car loans, credit card interest, mortgages etc. Pause for a second and ponder that. How much more family income goes to interest rates than before 2019. Well it is significant. So how high is inflation?
The Fed should raise rates .25 at this meeting to mitigate excessive federal stimulus and break stagflation. Doesn’t matter. Too much federal borrowing with diminishing demand. Markets will raise rates. And now Fed will wish they had done more QT earlier. Unforeseen? Really?
Historically nations which spend more on debt interest than military begin to decline. The U.S. is now at that point and Biden, Jeffries and Schumer just keep spending and borrowing. China is patiently watching and waiting.
We have a treasury debt bubble. interest on the Biden spending spree joy ride will exceed the U.S. defense budget this year. And the spending spree will continue to cause inflation. It always takes longer for the bubble to burst but the results will be very bad.
China hunkers down while Biden borrows massive amounts and drowns us in high cost debt and inflation for things like high speed trains from Las Vegas to nowhere and chip plants with no water or workers. Then they will orchestrate moves to debase our currency. No shots fired
Fed inflation gauge is .3% x 12 to annualized = 3.6%. Isn’t the most recent data more compelling than data from a year ago. Loving those money market returns but realistically Vanguard 5.27 - inflation 3.6 = 1.67 real return Inflation destroys our quality of life.
We are in Stagflation 1. when inflation is persistent 2. demand is down and 3. employment is declining. The Fed can monetize to avoid it somewhat, but without QE, and with massive supply of treasuries, buyers will raise interest rates for them. We have a treasury debt bubble.
Inflation was transitory. But the Biden administration borrowed more and spends $2T extra / year and is infusing that into the economy. This administration is big on handouts and their actions are mitigating Fed interest rates and driving inflation. It is Biden inflation
AI depends on good data. Centralized normalized data simply does not exist for business’s in operations. Normalizing data is an enormous and very expensive task. It will be years before AI is used effectively for companies with multiple sites and business divisions.
Bitcoin miners after the halving will pivot their computing power to AI, it’s not apples to apples but the infrastructure is optimized for lower energy costs. Imagine what that might mean for competitiveness and security in that space.
The Social Security Trust Fund will be depleted by 2034 according to current projections. Solution: issue $1T of Social Security Trust Fund Bonds at 1% coupon and then have the Fed purchase and monetize the bonds. Do this now before our currency is debased.
$8B in deficit spending in context: U.S. has $4.7T of revenue and spends $6.7T. Like a family earning $250k/yr spending $360k/yr, borrowing the difference on their credit card! At the end of 4 years they will owe $440k plus the accumulated interest.
Angie @QueenBadegg
1K Followers 2K Following "The most effective way to destroy people is to deny and obliterate their own understanding of their history."
Kapleetheth @kapleethet70373
1 Followers 198 Following
Kingsley Zupp @KingsleyZu22433
80 Followers 5K Following
GemmaGuy @I3j4t288vkrI0
1 Followers 185 Following
Saudet @Saudet385563
0 Followers 170 Following
Thanh Dallas @DallasThan29130
89 Followers 5K Following
Thueror @thueror13280
0 Followers 212 Following
Elisha Cassi @CassElish
64 Followers 5K Following
Aya Kamens @kamens_kame
77 Followers 5K Following
Lucy Youst @LYoust57856
72 Followers 5K Following
Shasta Polidoro @PolidorShas
29 Followers 5K Following
❤️💋Dana Mcgee�.. @dana80175
152 Followers 2K Following life's been good 😊 , God's been good 😊 . new here 😍 no nudes ❌⭕️porn 🚫🚫 💯
Mandi Reed @MandiReed93328
9 Followers 493 Following
Alice @MichelleRo24430
4 Followers 397 Following
Sari Leyna @SariLeyna0634
10 Followers 241 Following Life is a journey with many twists and turns, but each experience, good or bad, is a lesson in disguise.
Cartoon Cat @FEgerter
302 Followers 759 Following
Elon musk @EMusk82180
43 Followers 775 Following Entrepreneur 🚀| Spacex • CEO & CTO 🚔| Tesla • CEO and Product architect 🚄| Hyperloop • Founder 🧩| OpenAI • Co-founder 👇🏻| Build A 7-fig twitter
pvgh48r55f82 @whczvh96y8
5 Followers 735 Following
Blanka Goldthorpe @BlanGoldthor
76 Followers 5K Following
Earl @pcmp0s8hag1c
3 Followers 711 Following
Darcie Leingang @LeingaDarc
58 Followers 5K Following
Maisey Saavedra @MaiseySaav748
82 Followers 5K Following
Cristal Pelligrino @PelligrinCris
15 Followers 3K Following
Eadie Morawski @EadMoraws
60 Followers 5K Following
Maddie Philipose @mad_philipo
51 Followers 5K Following
Clarita Adi @clari_ad
86 Followers 5K Following
Siobhan Chernosky @ChernosSiob
41 Followers 5K Following
Danny Buckelew @wahl_richa98071
39 Followers 1K Following Danny Buckelew. the lowa Powerball jackpot lottery winner of the year who is helping children, families,individuals to consolidate their debts#maga#trump#gop•
Theodora Thayer @TheodoraTh17331
85 Followers 5K Following
Gabriella Callihan @CallihGabriel
53 Followers 5K Following
Aubriella Buffaloe @AubriellaB86065
67 Followers 5K Following
Isla Dischinger @Dischinger69407
99 Followers 5K Following
Bristol Kitchenman @BristolKit80889
85 Followers 5K Following
Kit Wlazlowski @KiWlazlow
39 Followers 5K Following
Aaima Santiesteban @AaSantiesteb
37 Followers 5K Following
Kala Brodi @KalBrodi
85 Followers 5K Following
Kaci Wallner @k_wallne
70 Followers 5K Following
Lillie-mae Markes @mar_lillie
51 Followers 5K Following
Angie @QueenBadegg
1K Followers 2K Following "The most effective way to destroy people is to deny and obliterate their own understanding of their history."
Jim Acosta @Acosta
2.2M Followers 5K Following CNN Anchor. Author of NYT Bestseller “The Enemy of the People.” Former Chief White House Correspondent. Rescue beagle enthusiast. I believe in #realnews
Kailash Concepts @KailashConcepts
16K Followers 3K Following Behavioral #Finance, Portfolio Strategy & #Quantamental Tool Kits Built by a Team with 70+ years of Experience Disclaimer: https://t.co/uKOhDw5JGy
Kyle Becker @kylenabecker
480K Followers 3K Following Independent journalist. Previous: Writer/Assoc. Producer for #1 Fox News primetime show. Director of Viral Media & Sr. Mg. Ed. for Top 5 News & Politics website
Liesl McConchie @LieslMcconchie
8K Followers 1K Following Math with the Brain in Mind. Author. Teacher. Consultant. Mom. Co-author of Brain-Based Learning with @ericjensenbrain. Advocate for Clean Air in Schools.
Forbes @Forbes
20.0M Followers 5K Following Sign up now for Forbes' free daily newsletter for unmatched insights and exclusive reporting: https://t.co/LAKg7gIfDJ
Bassam Khawaja @Bassam_Khawaja
10K Followers 1K Following Teaching human rights @ColumbiaLaw + Human Rights & Privatization Project @NYULaw. Past: Senior Advisor to UN Rapporteur on poverty + Lebanon Researcher @HRW
Laura Powell @LauraPowellEsq
32K Followers 1K Following Mother | Lawyer | Defending our constitutional rights and democracy in California @CA4Governance | Team Reality
John O. Brennan @JohnBrennan
899K Followers 0 Following 🇺🇦Former CIA Director & Obama White House official. Proud Fordham Ram, UT-Austin Longhorn. My memoir, Undaunted, https://t.co/NYLJtUARfx
Michelle Tandler @michelletandler
78K Followers 4K Following Lifelong San Franciscan. Aspiring New Yorker. Passionate about local politics & policy. Moderate Liberal.
Uri Berliner @uberliner
30K Followers 542 Following Dad, husband, 3 dogs, 1 kid, an infinity of basketball: edits tech, incubates podcasts, and covers the Unseen Economy for @NPRNews.
Geiger Capital @Geiger_Capital
49K Followers 422 Following Markets/Economics/Politics | RIP Paul Volcker 🕊 Personal Views. Not Investment Advice.
Jared Bernstein @econjared46
17K Followers 152 Following Chair, White House Council of Economic Advisers. Like econ, love music.
Gal Gadot @GalGadot
3.7M Followers 132 Following
Rand Paul @RandPaul
5.2M Followers 716 Following U.S. Senator for Kentucky | I fight for the Constitution, individual liberty and the freedoms that make this country great.
Mike Pence @Mike_Pence
5.6M Followers 52 Following Husband, Father, Grandfather, Christian, Conservative, Republican- In That Order, 48th Vice President 🇺🇸
Boris Johnson @BorisJohnson
4.7M Followers 460 Following Former Prime Minister of the United Kingdom.
NCTM @NCTM
84K Followers 2K Following #NCTM is the public voice of #MathEd that supports teachers to ensure equitable math learning.
Archaeology Magazine @archaeologymag
597K Followers 387 Following Archaeology Magazine tells the story of the human past through articles that explore the latest discoveries from around the world.
Natl Association for .. @NACAC
43K Followers 1K Following One of the largest membership associations in higher education, with 27,000+ members dedicated to making college accessible to all. #NACAC
Bill Clinton @BillClinton
13.1M Followers 39 Following Father, grandfather, 42nd President of the United States, Founder, Clinton Foundation. Follow @ClintonFdn for more on our work around the world.
NBC Los Angeles @NBCLA
603K Followers 913 Following Welcome to @NBCLA, the place for news, weather and everything SoCal! #NBCLA
CA State Parks @CAStateParks
54K Followers 833 Following Official California State Parks Twitter feed. RTs & follows are not endorsement.
Legislative Analyst @LAO_CA
14K Followers 1 Following Providing nonpartisan fiscal and policy advice to the California Legislature for more than 80 years.
Conrad Wolfram @conradwolfram
8K Followers 62 Following Mathematician, technologist, entrepreneur and author. CEO and European Co-Founder of Wolfram. Founder of Computer-Based Maths. Author of https://t.co/q0zA2HQsIM
New York Post @nypost
3.1M Followers 11K Following Breaking news & features from The New York Post. Follow your favorite sections: @pagesix, @nypmetro, @nypostbiz, @nypostsports, @nypfashion, @nypostopinion
Michael McFaul @McFaul
907K Followers 2K Following Professor of Political Science, Director of Freeman Spogli Institute & Hoover Senior Fellow all at Stanford University. U.S. Ambassador to Russia, 2012-2014.
Nancy Pelosi @SpeakerPelosi
8.1M Followers 471 Following Representative for CA-11, fighting for the people of San Francisco. 52nd Speaker of the House. Wife, mother, grandmother, dark chocolate connoisseur.
Bernie Sanders @SenSanders
12.2M Followers 2K Following Sen. Sanders of Vermont, Chair of the U.S. Senate Committee on Health, Education, Labor & Pensions, is the longest-serving independent in congressional history.
Bitdeer @BitdeerOfficial
18K Followers 248 Following Bitcoin Mining & AI Cloud Solutions NASDAQ: $BTDR
Nikki Haley @NikkiHaley
1.1M Followers 930 Following Former UN Ambassador and South Carolina Governor, Clemson Tiger. Running for POTUS. Fighting for a strong and proud America. 👊🏽🇺🇸
CA/NV Earthquakes @CAquake
23K Followers 3 Following Timely information about earthquakes of 3.5 magnitude or greater in California and Nevada. (Operated by @toxic with public USGS data)
California Department.. @CAPublicHealth
107K Followers 515 Following Official account of the California Department of Public Health. Optimizing the health and well-being of all Californians.
Marc Andreessen 🇺�.. @pmarca
1.4M Followers 24K Following Techno-optimist. E/acc. Technology brother. Move Fast and Make Things. p(Doom) = 0; p(“1984”) = not 0.
Caltrans HQ @CaltransHQ
54K Followers 1K Following Official account of the CA Dept of Transportation. Monitored during business hours. Report emergencies to 911. Road Closures: https://t.co/P0xVu11utb
Rep. Anna Paulina Lun.. @RepLuna
110K Followers 273 Following Official account for FL-13 Rep. Anna Paulina Luna 🇺🇸 | Serving on @GOPOversight & @NatResources | Wife-Mom-USAF Veteran
Andrew Ross Sorkin @andrewrsorkin
962K Followers 4K Following @NYTimes Columnist/Editor & @SquawkCNBC Co-Anchor. Author, Too Big To Fail. Founder, @DealBook. Co-Creator, BILLIONS @Showtime. Co-Chair @NYPL's BLC. Proud Dad.
Don Winslow @donwinslow
932K Followers 39K Following #1 bestselling author Author of 3 New York Times Critics Choice Best Books of the Year #WinslowDigitalArmy Find great books by following: @WinslowBookClub
Historic Vids @historyinmemes
5.2M Followers 209 Following Daily history lessons. Education through memes!
Laurence Tribe 🇺�.. @tribelaw
1.4M Followers 730 Following “We are living through a revolt against the future. The future will prevail.” — Anand Giridharadas
Elise Stefanik @EliseStefanik
786K Followers 2K Following Sam’s Mom 👦🏻 #NY21 Congresswoman. House GOP Conference Chair 🐘 New Ideas💡New Generation of Leadership 💫 Real Results🔨Electing #GOPWomen #EPAC 🙋🏻♀️🇺🇸
Hakeem Jeffries @RepJeffries
983K Followers 1K Following Brooklyn Congressman. Leader @HouseDemocrats. Work hard. Stay focused. Deliver results #ForThePeople.
Speaker Mike Johnson @SpeakerJohnson
708K Followers 610 Following 56th Speaker of the House | Christian, husband, dad, Constitutional law attorney & small biz owner.
Greg Varallo @GregVarallo
4 Followers 4 Following
Senate Judiciary Repu.. @SenJudiciaryGOP
86K Followers 17 Following News and updates from the Senate Judiciary Committee Republicans | Ranking Member @LindseyGrahamSC
@BillAckman I go this. I just ordered them a bunch of pizza, extra bacon & sausage.
Sometimes you just need to see the big picture. Chapter 1 of my next book: Building a Positive Math Identity - A Brain Science Approach. I’m really really excited about this book!
@amuse @TheFlagGuy_ This has my vote to win the internet today. Nicely played and extra style points 👍👍🤣🤣🤣 LOL
@joboaler Hello, a simple question. Did your recommendations contribute in any way to the removal of higher level math courses in lower grades in Junior High and High School in CA? Yes/No?Did your recommendations help remove honors classes (groups of like minded serious students)? Yes/No?
President Trump can't attend oral arguments in his own Supreme Court case tomorrow because an activist judge is requiring him to be in New York. This is a coordinated takedown attempt by the Left.
@cwebbonline @RobertKennedyJr One positive is that I think Biden’s performance at 3am would be no different from his performance at 3pm!
My child entered 4th gr with beautiful math strategies and fluency. He is leaving 4th gr conditioned with a bunch of algorithms. I just watched him solve 40-36 using the standard algorithm. 😩 He could solve that 5 years ago without batting an eye. What's happening?😠
Today is not a happy day for me. I am devastated at the loss of one of my dear colleagues, a young man that I considered like a son. Donald Payne Jr. was a devoted member of Congress, who despite his ongoing health struggles, worked hard for his constituents every day. Not only…
Deeply saddened by the passing of Congressman Donald Payne Jr., a good friend, highly effective public servant and compassionate leader. My prayers and support are with the Payne family and his loved ones during this difficult time. May he forever Rest in Peace. 👑👑👑🙏🏾🙏🏾🙏🏾
@AOC Tired of AOC and the protesters and their b.s.
The DNC is treating me as if I am President Biden’s big challenge. But his real problem is not me, his real problem is $4 milk, $4 gas, $6 loaf of bread and the fact that this generation of American kids are never going to own their own home. We are the only campaign talking…
“These great advocates for ‘DEMOCRACY!’ are doing their best to thwart democracy in the case of @RobertKennedyJr.” — @amspectator spectator.org/rfk-jr-bidens-…
NEW: Pro-Palestine protester has no clue why she is protesting and then asks a friend why they are protesting who also has no clue. Remarkable. Reporter: "Why are you protesting?" Protester: "Demanding that NYU stops! I honestly don't know what NYU is doing... Do you know what…
What we're seeing on these college campuses across the country is disgusting and unacceptable. I believe every leader in the country must condemn this violence. This is not who we are in America. University officials need to get the situation under control.
@SenSchumer No you didn’t! You just added to our growing debt!
Interest on US Federal debt is out of control: The annual interest expense on US debt is literally moving in a straight line higher, now at $1.1 TRILLION. To put this in perspective, less than 3 years ago the annual interest expense on this debt was $450 billion. That's a 144%…
“Why don’t we just print more money?” “We cut down more trees, print more money, not let inflation go up, we don’t just give it away, but we print it and then we aren’t in debt no more” 🔊
@Ilhan House them yourself. I’ll pay for their tent in your backyard
When people say that the economy is super strong, please understand… We are running a HISTORIC deficit. 6.2% of GDP. Never seen before outside of WW2, the GFC or Covid. If we weren’t running crisis level deficits and balanced the budget, or even got close, GDP would collapse.
Strong piece in the @nypost on the campaign of election interference targeting Trump: “This is the stuff of banana republics, and it’s no longer over the horizon. The kind of election meddling Americans associate with third-world kleptocracies is here and now.”
Joe Biden is running a presidential sham-paign while Donald Trump is on trial nypost.com/2024/04/20/opi…
Trends for United States
You might like
