McDonald’s increases hourly wages in company-owned stores by 10% across the board, entry-level wage from $11/hr to $17/hr. nytimes.com/2021/05/13/bus…
“Transitory inflation” is the new “subprime is contained”.

epsilontheory.com/wage-inflation…
Amazon, too.

"Amazon is hiring 75,000 workers and offering $1,000 signing bonuses in some locations ... said its open roles are offering average pay of $17 an hour, an increase over the company’s typical starting wage of $15 an hour."

wsj.com/articles/amazo…

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More from @EpsilonTheory

6 May
David Swensen was a giant, as authentic and genuine in real life as he was influential in market life. He will be missed.

We have 3 Epsilon Theory notes focused on Swensen, written by @dsaleminvestor, links to follow.
wsj.com/articles/david…
ET note #1 focused on David Swensen, by @dsaleminvestor.

epsilontheory.com/notes-from-the…
ET note #2 focused on David Swensen, by @dsaleminvestor.

epsilontheory.com/notes-from-the…
Read 4 tweets
25 Apr
This tweet is 11 days old and nothing has changed.
Here's the latest from the White House on India and Covid ... inane platitudes as they try to walk back the disastrous decision not to allow export of vaccine feeder stocks. Barf.

White House to India: "thoughts and prayers!"

Read 4 tweets
13 Apr
Over the past 7+ years, we've published >1,000 notes, many of them novella length. At one point I counted up the words and it came out to writing War and Peace ... twice.

epsilontheory.com
It's the question I get more than any other from new readers: how do I get into Epsilon Theory?

Or relatedly from more seasoned readers: how do I show other people what Epsilon Theory is all about?
So we're taking the core Epsilon Theory articles out from behind the paywall, organizing them, and making them available for everyone to access in the form they prefer to access them.

We've started with a four-part series from 2018 - Things Fall Apart.

epsilontheory.com/things-fall-ap…
Read 9 tweets
11 Apr
My god.
Covid deaths in India growing exponentially, too, following case growth w/ ~2 wk lag as it always does.

IFR looks to be higher in this new wave, as is the case with most variants.
Airline passengers from India to the US must show a negative Covid test within 72 hours of travel. Given the explosive spread and unknown pathology of the Indian variant I think this is insufficient. I think all flights originating in India should be barred from entering the US.
Read 4 tweets
1 Apr
They’re not even pretending anymore.

ft.com/content/dc1d1d…
What’s our political reaction to these Hunger Games?

“The wackos on the left propose insane transaction taxes. The wackos on the right tell us how much liBeRtY we are enjoying by giving Ken Griffin all of our money.”

Burn. It. The. Fuck. Down.

epsilontheory.com/hunger-games/
Read 4 tweets
7 Mar
I figure they'll just retitle the deck from last year. A thread of greatest hits ...
Read 8 tweets

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