Prudent deal retweeted
“I wasn’t the fastest guy in the world. I wouldn’t have done well in an Olympiad or a math contest. But I like to ponder. And pondering things, just sort of thinking about it and thinking about it, turns out to be a pretty good approach.’
– Jim Simons
Moodys has effectively slid the block since those inflated score days leading to the financial crises 🫠
Ugh, it turns out "top 10% by income IS NOT half of all consumption!" Rather, the top 10% is responsible for closer to 35% of all consumption, which is much less dramatic.
Should've realized the number was suspect the moment I noticed it comes from Mark Zandi/Moody Analytics. He made up some suspect statistics on the contribution of the Ukraine war to inflation vs IRA, where he overstated the former and minimized the latter without doing any real analysis other than intuitive guesswork. Going to Bayesian-update Moody's Analytics as baseline non-credible going forward.
Prudent deal retweeted
It’s cool living during late stage capitalism in the richest country in world history, bc we have a trillion dollar military, & like 3 guys can list space travel as a personal hobby, but apparently we’re too poor to afford day care or a functioning public transportation system…
Yooo @grok y'all should quit lol
Welcome to America team, slavery, low wages, bad jobs, limited access, exclusionary laws, you’re NOT entitled to anything in this life and we can see how wealth and income compounding has created this dynamic that’s always been here, there are just new victims, welcome home!
Early retirees like Bill & Shelly will see their health insurance premiums increase nearly 300%—from $442 to $1,700 per month if Congressional Republicans refuse to extend the enhanced tax credits.
That's an extra $15K a year families can't afford.
cnbc.com/2025/10/17/aca-enha…
Prudent deal retweeted
If you think Black people were better off financially in the 40s and 50s and better off socially before the Civil Rights Act you're either lying or legitimately stupid.
