Share this page!

Stephen Punwasi 🌋 🚀 Profile picture
Twitter logo
10 Jul, 4 tweets, 2 min read
Oh jeez. I just got an email from a Boomer saying I engage in “deception” because he doesn’t think the difference between 2 and 4 is 100%.

To reiterate, a Boomer felt the need to write an email to say it’s deception to use math. His ignorance is my fault, apparently.
Overall, pretty fantastic day for unsolicited Boomer insults.

I’m curious how Oil Patch Aunt Jemima came to the conclusion he was more masculine than me tho. 🧐😂
You can also usually tell where these guys are from just their first name, and the type of comments made.

Bud, I’m so not checking you out to the point where you might want to wear a reflective vest on the road. 😬😂
Haha. Nice, one quote tweeting the thread.

Honestly, I’ve never spoken about how smart I am, that’s just your insecurities bruh.

In fact, I routinely discuss how I’m into things like trash tv, and only hire people smarter than me. 🤷‍♂️

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Stephen Punwasi 🌋 🚀

Stephen Punwasi 🌋 🚀 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @StephenPunwasi

Stephen Punwasi 🌋 🚀 Profile picture
7 Jul
Money seems broken these days because the world never recovered from the Great Recession.

This is the velocity of money, which shows how many times each dollar in the economy is spent.

It just falls post-2008. Nothing like this is in history.

<thread> 🧵👇 #bitcoin
2. Even in high inflation periods like the 80s, money has never been created this inefficiently. This is due to how we view recessions.

Recessions are required. They purge inefficiencies. It's bad for politicians though, that are more worried about access to a pension.
3. So they decide to game the system. All they need is positive GDP growth, right? It doesn't matter where or how it impacts society.

So they print money. A lot. And they keep doing it, with inflation being the only goal. Inflation comes from velocity though, not volume.
Read 8 tweets
Stephen Punwasi 🌋 🚀 Profile picture
7 Jul
Millions of homes across the world are vacant. It doesn't matter if there's a housing crisis.

Vaults of priceless artwork are stored in offshore lockers. No one will ever see them again.

Why? It's how we store value.

Consider *maybe* the monetary system is broken.

#bitcoin
2. If you don't know what I'm talking about, here's a quick primer on the vacant home epidemic.

3. ... and here's your primer on how the world's greatest art collection sits in a tax-free port, and is rarely ever seen.

The pieces just shift from locker to locker, and on the occasion, a person flies in and takes a look at his Picassos. Or doesn't.

Read 6 tweets
Stephen Punwasi 🌋 🚀 Profile picture
6 Jul
Quick thread on why funds like Blackrock are in bidding wars for your grandma's single-family home.

Let's try something different. Pretend you're an institution. I'm going to pitch you on why you should consider buying a home, or 100,000.

<thread> 🧵👇
2. Let's start with your pre-Great Recession days.

You were investing in bonds, booking 5% fixed income returns, and doing mountains of coke. Things. Were. Awesome.

All of a sudden, the Great Recession happens. Interest rates plummet, and you can't make any money lending cash.
3. What happened? Well, credit markets are based on supply and demand.

When more people want to borrow money than want to lend, interest costs rise.

If more people want to lend money than borrow, interest costs fall.

Bad environment = no one lends, everyone needs. High rates.
Read 18 tweets
Stephen Punwasi 🌋 🚀 Profile picture
17 Jun
Too few people understand how government debt sends home prices higher.

The more money the government needs, the more bonds the BOC has to purchase.

This drives down rates across the board — from the government’s rate to mortgage rates.

This does two things.

<thread> 🧵 👇
2/ One: It makes it cheaper to borrow more money. Traditions economics says this lowers the cost of servicing, but in environments where prices are rising, it just allows them to grow faster.

Traditional analysis does not apply when the state creates a non-market environment.
3/ Two: it lowers fixed income investments, and crowds investors out of the market.

If an institution had a billion to lend to the gov for 2%, and that falls to 1%, they look elsewhere. They don’t want to lose inflation.

Since the gov backs housing, why not try there?
Read 7 tweets
Stephen Punwasi 🌋 🚀 Profile picture
2 Jun
bahaha. I know most journalists won't be specialized in this area, so most likely this housing story gets passed on.

Trudeau's housing plan that he mentioned to "help" cities involves using the Canada Infrastructure Bank (CIB).

quick thread 🧵👇
2. The Infrastructure Bank is a Crown corporation that was started by Morneau to get private investment for public infrastructure that generates revenues.

They tapped a US investment banker working for Bank of America and Merrill Lynch, to work as an advisor pro-bono...
3. You know? Because all investment bankers invest 6 months of their work time to advise a foreign country on the best way to help taxpayers for free.

Anyway, he also worked with Canadian pensions at the same time apparently.
Read 8 tweets
Stephen Punwasi 🌋 🚀 Profile picture
11 Apr
Equity withdrawn from homes was around 2% of GDP in 2019.

Money laundering is estimated to be around 2-4% of GDP in Canada.

Either the Liberals used a housing crisis to pad GDP, or they didn't know, and aren't smart enough to be in office.

When does Adam Vaughan resign?
2./ Transparency International found. over the past decade, ~$35 billion in Greater Toronto property was bought with no idea who the corporate owners are due to a lack of public ownership data.

$25 billion was bought using cash from unregulated lenders without AML regulation.
3. Still, no action? Weird. International gangs made a casino too dangerous for a money laundering investigations? Weird.

I wonder how the federal government would respond to such allegations of corruption. Clearly they would do something!

globalnews.ca/news/7593419/b…
Read 9 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @StephenPunwasi has new unrolls!

Check out other threads from @StephenPunwasi!

Read all threads by @StephenPunwasi

:(