KelvinSum

I am certainly no expert in it, but I have done the reading, and we have people who work on it for us. In general it comes down to young people - men especially, but not exclusively - are encouraged to become rich or famous quickly and by any means.

You know it's EM when warships circling around your coast is bullish for your bonds...

#venz

The height at which you use chopsticks is indicative of class. You should not grip the chopsticks higher than your host.

The body language and parsing of words by many key administration officials on the Sunday shows seem to indicate that Russia won the day in Alaska.

We have reached the 'idiotzone' in spreads... best of luck to everyone buying at these spreads. you are gonna need it.

it's a dress rehearsal for Nov 2026 or 2028, whichever one doesn't go his way... and you are paying 24x PE for the spx!?

The US is an EM. But you aren't EM investors... yet.

A lot of the success that Trump had with particularly Latinos in 2020 and 2024 is as simple is he pitched them in English and as though they were just another group of white guys. -OS

One thing Trump very clearly pulled off in 2024 was a message that convinced Venezualans and Colombians that he only hated Mexicans while simultaneously convincing Mexicans he was only talking about Colombians and Venezuelans. -OS

This is why you watch Pritzker above anybody else. He is not a revolutionary. No one with any honesty will ever think him such. But he is far too rich to need anybody, and he is from Chicago, and he likes to show it.

If the stock market doesn't go lower he won't stop!

If you are fine with puppets calculating the data & setting interest rates then he is going to keep going & in time he will be setting prices, directing production & much much more...

The US is becoming an EM but they aren't EM investors (yet)!

People's time would be better spent looking at the Telecommunications Act of 1996, which lifted caps on ownership of radio and TV stations (Clear Channel and Sinclair now dominate these) and eliminated restrictions on cross-ownership of media outlets (written into the law at Murdoch's request)

And nothing, but nothing, explains our politics more these days than status envy, resentment, and perceived grievances. But "we didn't teach kids to think good so now they love Trump" isn't really the issue.
But again, it's tempting to think it's education - because you can *fix* that. /5x

Epstein isn't dangerous to Trump because it angers the housewife who went for Clinton in '96 and Bush in '00. It's dangerous because it goes for the heart of the 30% who Trump built everything on. There is rot in the foundation.

Audience. Audience. The money manager who reads the Journal is different from the retiree watching Fox News. Who is different from the Sun reader, the Australian, and so on. Murdoch knows them all, feeds them all, covers all his bases.

I would say, as I often have in many circumstances, there is no "normal" in politics. There is only the game your opponent plays. If you agree on the game, you agree. But if he plays a different one, that is now the game you must play. Or you're screwed.

The Astronomer CEO's Coldplay Concert Fiasco Is Emblematic of Our Social Media Surveillance Dystopia Facial recognition and crowdsourced social media investigations are constantly being used not just on cringe CEOs, but on random people who are simply existing in public.

Digital Puritanism is in full force on this story. The internet gleefully doxxed these people, Polymakert is betting on their divorces, and brands like Chipotle and NEON are using them as advertising.

We shouldn't be doing this.

we're gonna get the stupidest possible version of skynet

Because you got a nice office and a pension and people bring you coffee and drive you around and do whatever you tell them to do and you don’t have to live at home among the people you claim to represent, who you probably don’t very much like to begin with

Trump ran on the cost of living. Mamdani ran on it too, and he put smiles on people's faces. Beware when your opponent takes an arrow from your quiver.

For China to strike Taiwan in the forseeable future doesn’t make economic or strategic sense. There is no need to disrupt the process of Canada and Europe turning to it. Laying off is good for their standing and the bottom line.

We heard from several serving military last night who agreed.

Trump doesn't punish Putin. Trump can't restrain Netanyahu. Trump can't even get Xi on the phone.

He bashes on the EU, Japan, Canada and Mexico.

The world order has changed. There is no policeman anymore. It's everyone for themselves. This is a terrible development. Geopolitic vol here to stay.

Unless Israel changes what it's targeting in days ahead, this is a regime-change strike with just enough targeting of nuclear infrastructure so Netanyahu can depict it as an act of preemptive self-defense. For the operation to succeed, I think the regime has to fall.

If there's still textbooks 100 years from now, we'd bet money that abandoning the internationally sanctioned manhunt for bin Laden in Tora Bora to invade Iraq is described as strategic blunder on the order of invading the Soviet Union three months before the Rasputitsa. -OS

Still less weird than Josh Hawley who used to go to parties just to loudly declare that he would not "lower himself" to "grinding with hussies" before going back to his dorm to -- we assume -- furiously masturbate. -OS

'EM veterans' know that VALUATION is what protects from VOLATILITY. We buy our assets at discounts so that we can weather through the volatility and get paid handsomly for taking the risk. Right now in the USA you are not getting the discount and you are definitely getting the volatility. Gd luck.

It really is amazing how bad Trump has been at everything he's ever tried.

equal to the arthimetic mean of the mid price of the last 30 trading days on the Bank of Greece's Electronic Secondary Securities Market (HDAT) which is a local exchange and VERY few warrants have traded on that exchange in the last years...

3/n

some benchmarks. Compared to the Ukraine and Argentina Warrant, the Greek GDP warrant has a much less bondholder friendly structure than Argentina and Ukraine.

Hidden DEEP DEEP in the bond prospectus, the Greek government has a CALL OPTION on the warrants at the price...

2/n

Gentle reminder... (ask Tim Cook)