Kalani o Māui

LOLOLOLOLOLOLOLOLOLOLOLOLOL

What the fuck are we even doing anymore???

“Things fall apart; The centre cannot hold; Mere anarchy is loosed upon the world, the blood-dimmed tide is loosed, and everywhere the ceremony of innocence is drowned; The best lack all conviction, while the worst are full of passionate intensity."

- William Butler Yeats

Yes, let’s financialize the kids!

You know, since we’ve financialized everything else already.

Ryan D is ALWAYS looking for a rally. 😂

Mom-and-Pop Business Bankruptcies Hit a Record as Debts Rise 👇🏼

Both parties have done it, and the fact that it’s bipartisan is exactly why the rot feels so entrenched.

End

It’s not just “trust in institutions” that gets destroyed; it’s the incentive structure of capitalism itself. When the penalty for fraud becomes a rounding error (or a pardon), you stop getting efficient markets and start getting a rigged casino.

That distorts capital allocation, rewards rent-seeking over genuine productivity, and fuels both populist rage and actual inequality.

The economic effect is straightforward: if the downside of grift is capped at zero for the well-connected, the rational move is to take bigger and bigger risks with other people’s money.

Holder’s “too big to jail” posture and the light-touch settlements (fines paid by shareholders, not individuals) cemented the perception that elite immunity is a feature, not a bug.

The same signal was sent under Obama when the DOJ famously prosecuted zero senior Wall Street executives after the 2008 crisis despite overwhelming evidence of systemic fraud in mortgage origination, securitization, and foreclosure processing.

Trump’s pardons of people like Paul Manafort, Michael Flynn (indirectly tied to financial crimes in some cases), and a string of white-collar fraudsters (e.g., Sholam Weiss, Philip Esformes and more recently CZ) do send the message that if you’re connected enough, prison is optional.

A short thread. 👇🏼

When powerful people commit fraud or wreck the economy and face no personal consequences, it erodes the basic bargain of a market economy—that risk and reward are supposed to go together.

I know you’re not the source Jesse, but this is kind of a “no shit Sherlock” post from Bloomberg. 😂

Michael Burry’s comments on TSLA, from his Substack. 👇🏼

She left Congress days after her pension kicked in, and after becoming a multimillionaire trading stocks on insider information. Can we please resist the urge to elevate this person?

Converting to the Euro currency was always a huge mistake for Germany.

The corrected version:

In one post you’re bullish real estate and the other bearish stocks while misunderstanding the consequences of demographics in the US. Either you’re being unclear about what you’re trying to say, or you don’t understand economics and financial markets as well as you think you do.

Melody is a friend. Newsweek misquoted her regarding the timing of her forecast. She has since pushed back and had Newsweek correct the actual article they published, but the headlines (including this one) on all social media platforms have not been corrected.

Melody is a friend. Newsweek misquoted her regarding the timing of her forecast. She has since pushed back and had Newsweek correct the actual article they published, but the headlines (including this one) on all social media platforms have not been corrected.

💯💯💯

So tired of people acting like there’s no middle ground. 🤦🏻‍♂️

Hauʻoli Hoʻomaikaʻi - Happy Thanksgiving