Tri Cap

One of two accounts I really miss from the old place. Good to hear his thoughts on market structure and flows. Smart interviewer too. Highly recommend.

Apollo Chief Economist just showed the second wave of inflation is emerging with 60% of items in the CPI basket growing faster than 3%.

As it currently stands, this is what healthcare costs in Rural America is likely to resemble in 2026 vs. 2024.

Reaccelerating into an Inflation Crisis? Podcast Episode · GlobalData TS Lombard: Perkins Vs Beamish · 10/02/2025 · 42m

Near the end of this @darioperkins.bsky.social frames out the pressures on the Fed in the late ‘60s that look similar to present day. I think you can also hear some recognition of this in Fed speeches this week.

podcasts.apple.com/us/podcast/g...

Inspired by the work done by the geniuses at the BIS in the past, here's a network map of global currency markets in 2025, illustrating the dominance of the four major trading hubs:

oh so judges recuse themselves based on their wives' political activities now. interesting

American Gospel.

‘Over the last 20 trading sessions, there has been an average of 40 million calls traded a day, by far the largest on record, Goldman Sachs’s trading desk wrote citing data going back to 2010.’ www.bloomberg.com/news/article...

“Easy gains are over” = ‘the magic money machine will destroy us if we don’t find more capital”

They are trained in fields where applied statistics returns less, or has negative return is my thought.

Is the spiral irresistible? What can stop it?

#kindleberger

‘Row crops’, a proper ag classification from dementia don. I’m impressed.

Conceptually I’m thinking boomer port are 40/60 or lower and would be moving towards 60/40 or better portfolios on inheritance. Not sure that’s right, just initial thought.

Interesting chart here from @ianrharnett.bsky.social. Not sure I agree with over-owned. The bond bear and low elastic equity mkt can push that number 50+ id guess. Boomer portfolio roll off is a kicker too.

Hey, thank you. I think you’ve found some interesting contrasts to explore there.

An ex-TSLA S&P500 ETF would be a start.

Oh it’s their YE target, I see it now.

Peak UE of 4.5% is a forward call?

Rescissions is the better fight for D, but I assume it doesn’t register at all in polling.

U.S. lawmakers give up on China resuming crop purchases China strategically uses agricultural leverage while American farmers face mounting economic pressure from ongoing trade war fallout.

U.S. lawmakers give up on China resuming crop purchases

Would you summarize the two landscapes you are seeing?

SCOTUS gave Nixon his tariffs. Seems more than enough to hang a Calvinball historical tradition blah blah blah on.

Is this argument being made? I’ll I’m catching from elected official feeds is HC messaging.

I hear you, but also understand why April is the anchor point with traders. USD declined whenever you closed your eyes to sleep!

Hey, a sorghum headline reached my eyeball last week! I was shocked frankly, adjusted my ‘odds of rapture happening this week’ line.

Frontier category performance on a single GPU. h/t @alexbhturnbull.bsky.social

Inelastic markets, price insensitive buyers setting price, for now and as long as we remain in a net inflow state. Employment contraction can crack it. (And show how IMH holds up in reversal.)

Chat’s telling me ‘25 EBT guidance of $8-900M. I like it.

Growth in foreign exchange market flows has vastly outpaced the real economy:

Warsh dreams of “…a new framework for QE, a new understanding with Treasury Dept.”

#YCC @rajakorman.bsky.social