Michael Green
@profplum99
Chief Strategist Simplify Asset Management | PM of top ranked high yield ETF, $CDX. Not investment advice
You might like
🚨 Why does the middle class feel so financially squeezed? @profplum99 joins @GestaltU to unpack the viral debate on America’s affordability crisis—from flawed CPI metrics to the rise of “ghost households.” LLMs, economics & precarity. Watch now! x.com/i/broadcasts/1…
Shouldn't this same argument extend to mortgages in general? If you've paid back the principal over 30 years, what's the big deal? Why is that dastardly bank demanding MOAR??? /s
"[Ackman] has argued that the government should forgive what it is owed, since it’s already been paid well more than it originally put in" What a prick.
Excellent
Japan hasn’t “lost control” of anything. Rising JGB yields + a weaker Yen aren’t a crisis, they’re the strategy. A central bank that: • owns ~50% of its own bond market • pioneered QE, ZIRP, NIRP & YCC • is quietly boosting exporters, pressuring China & still funding U.S.…
Gasoline is a battery. It stores ~12,000 Wh/kg chemically, but ICE engines are only ~30% efficient—so you get ~2,500 Wh/kg of usable work, minus 300–600 kg of engine + transmission dead weight. System-level, that’s ~1,800–2,000 Wh/kg. EVs are already ~300 Wh/kg, but electric…
Batteries are going to win. Even though current battery technology is 100% good enough to dominate the economy, we're just at the beginning of figuring out what batteries can do.
Even if you don’t follow @radigancarter for the life insights, just enjoy the reading! Warrior poets make me shake my head. The best of us all.
After stopping for tea at this hole in the wall karak place behind a gas station our local fixer knew about, we went through the last roundabout in town and accelerated out into the desert. The sun was coming up and the mist lingering on the desert floor between the spines of…
As bad as the defenses of status quo. No, everything has not gotten worse. But some critical choices ARE harder… and unnecessarily so.
It's an empirical fact that basically everything in our day to day lives has gotten worse over the years. The quality of everything -- food, clothing, entertainment, air travel, roads, traffic, infrastructure, housing, etc -- has declined in observable ways. Even newer inventions…
Also — we’ve got mocha lattes. Never in human history have so many humans had access to mocha lattes.
Counterpoint (with data): - Global life expectancy rose from 52 years (1970) to 73 years (2023). -Under-5 mortality dropped from 140 deaths per 1,000 births (1970) to 38 per 1,000 (2022). -The share of people living on <$2.15/day fell from ~42% (1981) to ~8.5% (2019). -…
“Fin bro” — nothing says ‘I totally understand this debate’ like trying out new slang you just discovered.
Jeremy has more endurance than me (an out of shape Gen Xer), so he is fighting the successor fin bro to Michael Green, who is no more humble about the limits of his expertise.
Quick trip to the Eiffel Tower!
Just had the best authentic Mexican fajitas!
While we no longer have an easily accessible “CPI soup,” our friends to the north in the 52nd state have the equivalent. It almost perfectly matches the Campbell’s soup chart. It’s not that “CPI Lies” — it’s that a hedonically adjusted CPI tells us something different than many…
“One of the more straightforward ways to show debasement is via the price of Campbell’s tomato soup. Rather than relying on a complex set of estimates and substitutions, it’s just a history record of what the same can of soup cost over time.”
As the clinically hyperactive author who paused my life for 2 1/2 years to write, what’s most vexing is how FEW understand the modern-era politicization of the Fed began w/Alan Greenspan. Powell had a chance to break the cycle & chose not to, which has landed us in the 3rd world.
Loving this credit-focused account
We’ve only just begun to “fully” (in a complex adaptive world this is impossible) understand the implications. Some great new work is coming. We’re tentatively calling it, “The Worst Study of Passive Investing Ever”
A succinct summation of a body of work that keeps improving via @profplum99 He’s methodically mapped out how passive structurally operates for years. He notes it’s worse than ever His work backs my two mantras: The Flows Are All That Know. Trade the Narrative. Own the Truth.
Adam takes it further… and touches on many of the themes I plan to discuss in the next installment, “The Pursuit of Happiness.” A needed national conversation began. I don’t entirely know why it did. The $140K certainly wasn’t “new” (MIT living wage existed, as did…
Bingo
The real shame is that the price to take on shame for western elites is so bloody low.
We’ve got a runner…
Why settle for a poverty line of merely $140,000? Why not go to $200,000? Getting us to settle for just $140k is exactly what the chattering classes would want.
“I have reevaluated some of my earlier critical statements”
BlackRock CEO Larry Fink has reevaluated some of his earlier, critical statements about cryptocurrencies. "My thought process has evolved," he told @andrewrsorkin at the DealBook Summit. That's a pivot many people on Wall Street are making these days, embracing a technology they…
I am extremely excited to see Venezuela become the 51st state ahead of Canada because I prefer venison to Canadian bacon.
Big tectonic shifts ahead: Venezuela, Taiwan, and global power moves are rewriting the geopolitics, markets, and the law of the jungle. 👀 the next decade will be defined by what happens now. Catch the full @Stocktwits Jam Session with @benandemilshow in the link below 👇
United States Trends
- 1. Merry Christmas Eve 49.8K posts
- 2. Spurs 49.8K posts
- 3. #Pluribus 21.2K posts
- 4. Rockets 24.7K posts
- 5. Cooper Flagg 12.7K posts
- 6. UNLV 2,599 posts
- 7. Chet 10.4K posts
- 8. SKOL 1,734 posts
- 9. Ime Udoka N/A
- 10. Dillon Brooks 4,937 posts
- 11. Rosetta Stone N/A
- 12. Mavs 6,344 posts
- 13. #PorVida 1,812 posts
- 14. #VegasBorn N/A
- 15. Kawhi Leonard 1,221 posts
- 16. Yellow 58.3K posts
- 17. Randle 2,695 posts
- 18. connor 154K posts
- 19. Logan's Run N/A
- 20. #ClipperNation N/A
You might like
-
Jim Bianco
@biancoresearch -
Marko Papic
@Geo_papic -
Danielle DiMartino Booth
@DiMartinoBooth -
CrossBorder Capital/ GLIndexes
@crossbordercap -
David Rosenberg
@EconguyRosie -
Kantro
@MichaelKantro -
Joseph Wang
@josephwang -
Bob Elliott
@BobEUnlimited -
Jeffrey Gundlach
@TruthGundlach -
Santiago Capital
@SantiagoAuFund -
Jeffrey P. Snider
@JeffSnider_EDU -
Luke Gromen
@LukeGromen -
Otavio (Tavi) Costa
@TaviCosta -
Paulo Macro
@PauloMacro -
Michael Kao
@UrbanKaoboy
Something went wrong.
Something went wrong.