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Shockratees @ThatShockratees
, 5 tweets, 2 min read Read on Twitter
This was absolute idiocy by Mnuchin, in all possible scenarios except one:

Some power faction wants to crash the equity markets right now.

When I see a nominally-competent person behaving idiotically, I substitute my premises until I find some that make the act non-idiotic.
Equally-logical substitute premise:

Some power faction wants to boost the bond market right now.
And/or:

Some power faction wants to make US stocks and US bank bond issues less-attractive, in comparison to those issues in other nations that trade open-market.

(Twitter is my whiteboard rn)
This article posits Mnuchin’s reacting to incentives outside the market, or for opt 3, outside the public market. All good theories. Keeping mine on top for now.

google.com/url?sa=i&sourc…
Argh, sorry, pasting in iPad browser sucks. Here’s the proper link.
theatlantic.com/ideas/archive/…
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Who would consider this remark smart? If your argument is the same whether a tax rate is marginal, or if it applies to total income, your argument’s unmoored from economics, public policy and basic common sense.
On what planet are these 2 things the same:

1) I pay 70% tax on any income I earn over 10 million. The tax on the rest of my income stays the same.

2) As soon as my income crosses 10 M threshold, all my income is taxed at 70%.

The first is the real proposal - “marginal” rate.
So if Dan the Patch genuinely thinks both of these economic outcomes are the same, either to the earner or the public, he is unqualified to represent his constituency.
Read 7 tweets
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Let’s parse this:

Dems “can’t help ourselves.” Nope. We do the right thing even when monopolistic amoral billionaires and miscellaneous foreign and domestic criminals oppose it. Just can’t help it. That’s the rule of law for you. It applies to everyone. Can’t help it.
Jim says Dems “filed articles of impeachment” like we’re supposed to assume that’s a bad thing. Well, Jim, if you don’t understand what the process of impeachment is for, and that it’s intended for enemy-loyal presidents pursuing enemy goals in our WH, perhaps a different job?
Dems are “focused on stopping Trump.”

<takes bow>

Thank you, sir. That’s what the majority of the American public wants Dems to do. So thanks for the compliment.
Read 4 tweets
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I’m a lawyer in a movie. The judge sets a hearing for every single motion, hears it the next day, rules from the bench. Said hearing occurs at a scheduled time and I don’t spend entire day in courthouse hallway.
Started as baby lawyer at LA Superior. Remarked to friend how nostalgic I felt watching Goliath. She’s like “ah, those beautiful courtrooms!” I’m all “nope. The hallway! It’s where we spent 90% of our time and did 80% of our litigating.”
(FYI, none of that renovation had been done back in 90s)
Read 3 tweets

Related threads

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The future will not be built upon projects that raised millions of dollars via ICOs.

A thread.
Cryptocurrencies, be they proof of work or proof of stake, are inherently speculative.

The means by which new tokens are emitted and fees are distributed is decentralized gambling made possible by cryptography.

The networks themselves behave on speculation, which drives value.
The decentralized casino which is at the heart of all true cryptocurrencies utilizes cryptography in order to create game for which the results and the winner cannot be forged or faked except under certain conditions which can be avoided if the software is properly stewarded.
Read 28 tweets
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#ClearFlynnNow Analysis - 20 December 2018

We begin with a quick discussion about method. I'll illustrate from 2016 and then rapidly turn to a counter-theory, reinterpreting Judge Sullivan's actions in Gen Flynn's sentencing hearing from 18 Dec.
2) During the 2016 season, after I collected my daily polling data, and plotted it on a simple graph, I would then analyze it from two opposing perspectives. They were a) HRC will win, and this data proves it, and b) DJT will win, and this data proves it.
3) If you haven't heard the term 'confirmation bias' it is one to learn, and master. We all want what we want. The problem with analyzing data is that we see in the data what we want to see. The data confirms our bias in this manner and we strip the data of its power for truth.
Read 24 tweets
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1/
VOL CONTROL/VOL TARGETING

What that got to do with the markets right now?

Well, inverted $VIX has been lagging the #equity index’s and that is a big deal. The reason it is a big deal is because the of VOL TARGETING
2/
Volatility targeting/control strategies aim to control risk by BUYING $VIX as $SPX drops and liquidating $SPX as $VIX rises.

When $SPX makes new lows but $VIX does not the implication is these insurance products continue to buy #ES_F futures while sell $VIX
3/

So what so we have here? We have an entire sector that has built a model where a divergent $VIX = increased $SPX buying via #ES_F futures.

This strategy is roughly $1 tillion in notional and like $SKEW is showing, hopelessly underhedged vs a downside break
Read 10 tweets
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› back to black ‧ taekook au

the one where taehyung is a spy, jungkook is his target, and the world is their playground.
The first time Taehyung goes on a mission, it’s by complete accident.

There’s some sort of chaos outbreak at HQ, and before he knows it, Taehyung--an untrained, unpaid, unsure intern--is swept into a slick black SUV and sent off to an unknown location.
He looks around, not very optimistic at the sight of the other nervous faces in the car. When the vehicle finally stops, the doors are pulled open by a very gruff-looking man, his face streaked with blood and his arm in a rough-looking sling.
Read 594 tweets
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I can't with this guy...but interestingly, he's also revealing a lot with each one of these interviews.

Why not just go speak to the Grand Jury? Clearly, it's not about avoiding spending more time talking about the investigation and your experience...

He can't help himself..
#NOW: SAM NUNBERG says he was told he wasn't a target or a subject of the investigation and he was OFFERED IMMUNITY by the Special Counsel's team.

He also said THEY WANT HIM TO TESTIFY...TO CATCH ROGER STONE ON PERJURY...

ADMITTING THAT ROGER MAY HAVE LIED TO PROSECUTORS.
#LOL: Save this one...

SAM NUNBERG: "I'M NOT GOING TO JAIL, COME ON."
Read 5 tweets
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Except you don't have the consciousness to do that- only what you've, perhaps, been programmed to register, process, or maybe transmit/emit. Here in #Ireland on the other hand there are 💚s everywhere hoping to #repealthe8th #LISTENUP #Focus on #Caring #Now to ensure #legislation
2/ to #repealthe8th or/& make #abortion in #Ireland a #legal #safe #clinical #option for women, regardless of socio-economic circumstances.
3/ Think you want to **Repeal the 8️⃣️th** 💚s? This is a sane quote from here, Ireland, today:"The dissolution of the Dáil would see the simultaneous dissolution of all Oireachtas Committees. ---
Read 12 tweets

Trending hashtags

#BeStrong #clinical #smoke #FRQ #EM #TwitterTestifies #Dreamer #CivilWar #CommunityUnity #Question #LOL #computer #Hollywood #music #JFKJrAlive #ClearFlynnNow #NYSE #ElectionTO #Composite #TRAN #equity #hmmm #repealthe8th #million #Solar

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