This week on the podcast, I have an EXTRA extra special guest:

Dr. Charity Dean, California health official + lead character in Michael Lewis's "The Premonition: A Pandemic Story."

She is the co-founder of The Public Health Company
@drcharitydean

podcasts.apple.com/us/podcast/cha…
Look at the groups that are Vaxxed up or not.

I wonder how many of these folks Mom's would tell them they should be ashamed of themselves Image
Some of the Un-Vaxx'd, seeing the spike in infection and death, have been to embrace the facts. Yes, its too few, but its a start

cnbc.com/2021/07/30/us-…
"The Remorseful" -- a new category of Vaccine Hesitant

nytimes.com/2021/07/30/us/…
"No single factor explains the stall-out, but foremost among the culprits are partisan polarization and political opportunism."

theatlantic.com/ideas/archive/…
Thanks to the partisan silliness, voluntary vaccinations have failed to reach 70-80% levels. So it is now time for mandates.

“People today face two choices: they can either get vaccinated or you can get Covid.”
-Charity Dean

ritholtz.com/2021/07/mib-ch…
This was my first in person MiB in 16 months Image
Florida is new national COVID-19 epicenter w/20% of new cases. 21,683 daily cases = record 1-day total

"Gov. DeSantis resisted mandatory mask mandates, vaccine requirements + has limited local officials’ ability to impose measures to stop the spread."

orlandosentinel.com/coronavirus/os…
It is past time for Vaccine Passports.

You don't have to get one, but most of corporate America won't let you use its planes, stores, offices, restaurants, venues without one.

You are free to stay home, but not free to risk/infect/harm/kill others

Glad to see NYC taking this so seriously

"We were down to 12,000 infections a day; we are now back to over 80,000/day... [primarily where] vaccine coverage remains too low: In Florida, other states in the South, like Missouri, and Arkansas"

-Dr. Chris Beyrer, prof of Epidemiology, Johns Hopkins School of Public Health
Some good news: An uptick in the vaccination rate in states where cases are up: Arkansas, Missouri, Louisiana + Florida have seen steady increases.

Delta variant is much more contagious than other forms of the virus, + may cause more severe disease.

nytimes.com/live/2021/08/0…
BAML: Florida is a Delta case study, with >1 in 5 new COVID cases

Evidence of a change in behavior: Vaccine rates have outpaced that of the US, similar to other states with severe outbreaks, visits to retail / recreation locations have fallen faster in FL than rest of USA. Image

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More from @ritholtz

19 Jul
On Friday, I had an “extra special” MiB guest – I interviewed Brain Deese, Director of the White House National Economic Council under President Joe Biden.

The entire hour interview is now live

podcasts.apple.com/us/podcast/bri…
1/
What motivated this conversation was an Executive Order issued by Biden.

It was not the usual 1-pager/Photo Op; Rather, it was a serious, 6,832 word, 72-bullet point document.

You may have missed it.

whitehouse.gov/briefing-room/…

2/
It kind of snuck by unnoticed.

The EO reveals a major policy change: A complete of decades of lax antitrust enforcement, much greater scrutiny of M&A + tougher enforcement against anti-competitive industry consolidation.

I thought it was a big deal.

ritholtz.com/2021/07/presid…

3/
Read 18 tweets
15 Jul
Dogecoin creator lays down a brutal thread about why Crypto is not what it appears to be.

This has become a full-blown battle of Narratives...
Nice work by @TheStalwart spotlighting this

bloomberg.com/news/articles/…
It is important to recognize the risks we create when working from a Narrative that:

1. We agree with (Confirmation Bias)
2. We disagree with (Cognitive dissonance)
3. We are unaware we lack the skillset to assess the accuracy of (Dunning Kruger)
Read 8 tweets
8 Jul
Lots of happenings in Residential Real Estate. But be careful not to get caught up focusing on the wrong things -- no, it's not about inflation or NIMBY or PE rentals.

The big issues are technology, ultra-low rates, capital, and changing demographics.

A quick thread

1/
Let's go thru some of the things that matter far less, beginning with prices.

What matters most are not the price paid, but the monthly carrying costs. This is why low rates have a big impact, and tend to send prices higher.

awealthofcommonsense.com/2021/03/what-i…
2/
Next, RRE Inflation.

Try to avoid chart/statistics crimes, like focusing on Year-over-year data from the pandemic lows. Ignorance? Bias? Fraud? I don't, but avoid this kind of garbage.


3/
Read 21 tweets
5 Jul
There are no shortcuts, secrets or get rich quick schemes that work, WITH ONE EXCEPTION:

My 3-day workshop where I reveal the secrets the ultra-rich have shared with me. You cannot afford to miss this all for the low, low price of $4,995.

Sign up here.
thesecretstofabulouswealth.com
If thats too pricey, then read today's Bloomberg column with my 10 Rules of Money

bloomberg.com/opinion/articl…
And if THAT'S too expensive, well, here is the free summary + list

Bad decisions and poor behavior are the primary reasons why many fail to meet their financial goals.

ritholtz.com/2021/07/bbrg-t… ImageImage
Read 5 tweets
25 Jun
Why Does Anyone Care What Lawrence Summers Thinks? dlvr.it/S2S980
My complaints about the former Treasury Secretary (in decreasing order of importance):

1. Commodities Futures Modernization Act of 2000
2. Repeal of Glass Steagall in 1999
3. Harvard Endowment
I don't really care about his time as Chief Economist at the World Bank, or how he handled the Winklevoss twins vs Zuckerberg / Facebook.

My beef is his poor decision-making on broad public policy issues resulting in immense negative consequences for society.
Read 15 tweets
22 Jun
0 for 14.

That is the track record the "Inflationistas" have amassed in predicting Inflation, Deflation, Disinflation - really ANY "Flation - so far in the 21st century.

0 for 14

My advice: Pour yourself a tall glass of STFU + go find another expertise to pretend to have...
How can any economist have missed 3 decades of deflation?

Automation, global labor arbitrage, digitalization + outsourcing/offshoring all have worked to drive global prices lower.

Missing this and/or ignoring it explains that awful inflation-predicting track record
Hence, why my preferred framework is:

"Deflation, punctuated with spasms of inflation"

Read 13 tweets

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