David Houchen @dhouchen
Day job is banking; interests include energy, investing and geopolitics Overland Park, KS Joined January 2009-
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Let’s hope this escalation does not come to fruition.
Retaliation Targets: Iran Lists Sites That Would Trigger a Major Global Crisis Rumors indicate that Trump, together with Netanyahu, is preparing to resume intense bombing of Iran, this time focusing heavily on civilian infrastructure. Iran, for its part, has released a list of
@DariusDale42 Lots of truth in this post. Both R’s and D’s work against us at the federal level
The largest oil supply disruption in modern history—and crude still shows little urgency. Markets are not pricing today’s lost barrels. They are pricing the probability, duration, and inventory consequences of tomorrow’s scarcity. 👇 artberman.com/blog/oil-price… #Oil #Energy #Markets #Futures #Inventories #Hormuz
1. Stocks: all-time high 2. Home Prices: all-time high 3. Bitcoin: all-time high 4. Gold: all-time high 5. Money Supply: all-time high 6. National Debt: all-time high 7. CPI Inflation: 4% per year since Jan 2020, 2x the Fed's "target" 8. Fed: cutting interest rates next month
Post of the day . . .
Happy Juneteenth #Team42! Today is a day on which we ought to sit and reflect on the country we have been, the country we are, and the country we want to be. I believe that deep down, America is a godly country based upon godly principles. In an era of kings and feudal lords,
Michael Every’s daily summary of geopolitical developments is a must-read.
2025, day 83 Good morning from Asia. Trump family members plan a trip to Greenland, and some Danes call for them to be barred, as VP Vance says, “Denmark, which controls Greenland, is not doing its job, it’s not being a good ally. If that means that we need to take more
In the latest twist in the ongoing CTA small business reporting saga, reporting is back to “not required” after being required as of Dec 23
NEW: The U.S. Court of Appeals has reinstated the nationwide injunction that blocks the beneficial ownership information reporting requirement. #Smallbusinesses are not currently required to adhere to this burdensome regulation. Continue the fight: nfib.com/ProtectPrivacy
The Chiefs went on the road against a 1st-place team and won by 19. Missing the best DT in football, they got 5 sacks and 2 turnovers. Since Hollywood Brown returned the offense has been a machine. I'm actually kind of sad they won't play a meaningful game for at least 24 days.
If you have an LLC or Corporation, you must register it with the Financial Crimes Enforcement Network (FinCEN) before January 13, 2025. Penalties for not filing are $500 PER DAY. Here's everything you need to know (and how to file):
Patrick Mahomes should be in the MVP conversation. To say otherwise is to ignore that he's the best 3rd/4th down QB in the league by a mile on a team that has had chaos around him at WR (injuries) and LT (poor play and then injuries).
Some facts for the Chiefs haters
Since Mahomes became starter in 2018, the Chiefs have been penalized for 911 more yards than their opponents. Only the Saints have a worse penalty yard differential (- 1,092 yards). They also have 2nd worst penalty yard differential in the 4th quarter of games that were decided
I just watched two hours of the annual Intuit investor meeting and the Q&A at the end was very interesting. Poll question at the end. Please repost this thread so we can gather a lot of opinions about Intuit. What a change... I actually remember back when Intuit was a partner of my firm. Those days are long gone. In fact, they no longer claim that. I wanted to talk to our Lacerte Rep about these changes and they would not talk to me about it; they said they had nothing to do with the other side of Intuit. They talked about accountants, tax pros, payroll experts and bookkeepers a lot and they said over and over: They say we are too expensive and they will disrupt us by being cheaper than us. In fact, they claim to be the cheapest option for assisted tax. Note looking at what many other firms charge this is simply not a true statement by Intuit in many cases. They say our pricing is opaque. They say we are slow and it can take weeks to prepare income tax returns. They say the market is large and disaggregated due to a large number of tax pro firms. They say we use manual processes. They say they are going to take bookkeeping clients from us with QuickBooks Live. They are going to take tax clients away from us with TurboTax live. Note they are bragging about this and very proud of what they plan on doing. They had nothing nice to say about their former partners; not one thing. They are going to launch a massive marketing campaign online, within QBO, and everywhere they can to market their new services. All of us need to know what is coming. Intuit is a big and powerful player. It is worth your time to go and watch Intuit's 2024 Investor Day presentation from September 26th, 2024. It is pretty much a declaration of war against their former partners and Pro Advisors. I am all about competition and Intuit can bring it on. I have found their tech support to be relatively poor recently, their customer support poor recently, their prices increases are constant and large, and I spend a ton of time each year fixing returns self prepared in TurboTax. I actually appreciate that Intuit is being honest that their goal is to take clients from their former partners! Their football ad saying they will beat the price of your current Tax Pro is interesting and they are spending a ton of money on that marketing. Be honest, what do you consider Intuit today? #intuit #cpa #ea #Bookkeeping #bookkeeper #payroll #accountant #accounting #aicpa
Look at that beautiful dynasty.
On this day in 1781, American and French troops under the command of George Washington surround the British at Yorktown. The redcoats will hold out for 21 days before surrendering after which the Crown will open negotiations to finally end the War of Independence.
Abaxx will be an interesting company to watch; first of its kind in 12+ years; outstanding preparation and execution
Startup commodity futures exchange Abaxx has launched, marking its first trades in LNG and carbon. Battery metals are next. Witnessing Josh and his team over these challenging 6.5 years has been inspiring. Today's go-live is just the beginning of something great.
It's been a long time since I stayed up until 3 am on a weeknight to write a column. It's been a long time (over 4 years!) since I wrote a column about baseball, period. But for Willie Mays, it was worth it. theringer.com/mlb/2024/6/19/…
LIGHTNING STRIKES LIGHT POLE: Thanks to Nathanael Day for sharing this shocking video from southeast Wichita. Remember, lightning and thunder mean you should take cover!
Nice summary of the state of the US housing market
Redfin CEO says housing is in a recession and he’s never seen anything like it in 20 years as CEO. He summarized the problems well. Worth the read👇👇 Link attached below “Last year, existing home sales fell to their lowest point in almost 30 years. The housing market froze,
Bob has been exceedingly accurate in his economic views over the past year. Pain in equities and fixed income to come soon.
The US long-end is a global wrecking ball and its impact is picking up steam. Global stocks, spreads, bonds and FX all feeling pain as US yield rises have accelerated in recent weeks. Highlights how the pressures for US yields to press higher will be felt globally. Thread.
Michael Oliver MSA @Mike_Oliver11
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