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Ben Hunt Profile picture
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29 Sep, 3 tweets, 1 min read
Jim Swartwout, Robinhood’s President and COO, is both trading on MNPI and tipping. This isn’t a gray area. This is black and white.

If this doesn’t matter, nothing matters.

#BITFD
How is it possible that Robinhood senior management is allowed to day-trade stocks?

JFC.
#BITFD

storage.courtlistener.com/recap/gov.usco…

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More from @EpsilonTheory

Ben Hunt Profile picture
23 Sep
I get mail.

“I’m a tax accountant. No one talks about the ERC but its the most outrageous tax benefit I’ve ever seen. Easy to qualify and subsidy of 7K per employee per quarter. Its insanity. Clients getting 600K a quarter.”
“And if you got the last PPP, you’re automatically eligible for ERC for 2 quarters. All they gotta do is play with the coverage period and wage costs.”
“Last thing - the easiest one to qualify have been hedge funds cause they move around fees for 2 quarters in 2021 and now you got a full year of eligibility. 30 employees * 7K * 4Q; easiest 840K they ever made. And treasury made this a priority to pay over legit refund claims.”
Read 4 tweets
Ben Hunt Profile picture
19 Aug
How hard is Covid hitting the Gulf Coast states? Here's hospitalizations per 100k.

76 Florida
57 Louisiana
55 Alabama
55 Mississippi
45 Georgia
42 Texas

For the rest of the US, there are only 18 Covid hospitalizations per 100k. Image
More than half of all US Covid hospitalizations are in eight states: Florida (16,280), Texas (12,199), Georgia (4,811), Alabama (2,702), Louisiana (2,671), Mississippi (1,647), South Carolina (1,542) and Arkansas (1,421).
20% of all US Covid hospitalizations are in Florida.
Read 4 tweets
Ben Hunt Profile picture
18 Aug
A friend of mine sent me this tweet and asked "why is this wrong?".

This NY Mag article blew me away when it came out. It's fantastic. But I don't have the same conclusion as BDW re: inevitability of Covid infection or the essential meh-ness of vaccines.
With a virus as infectious as Delta, we need 90% of the population with effective antibody protection to gain herd immunity.

Herd immunity isn't something that makes the virus disappear. It makes the R0 well below 1 so that it doesn't spread uncontrollably.
Can we get to 90% effective antibody protection in a way that doesn't just mean giving up and taking a 60 bps IFR (infection fatality rate)? I think we can, and the key is vax.
Read 11 tweets
Ben Hunt Profile picture
28 Jun
This is the latest FUD being promoted by the know-nothing anti-vax crew, based on this horseshit paper - mdpi.com/2076-393X/9/7/… - which takes this perfectly fine paper (large vaccine effectiveness study in Israel) - ncbi.nlm.nih.gov/pmc/articles/P… - and completely abuses the data.
Over the duration of this large (>500k) Israeli vaccine efficacy study, guess how many people died of Covid 7+ days post-second vax dose? Zero. ZERO.

But that divides the NNTV (number needed to vaccinate) calc by zero, so the authors of the anti-vax horseshit paper ignore it.
Instead, these 3 cranks "calculate" (based on pre-2nd vax data) that it requires 9,000 to 50,000 vaccines to prevent one death. But not one death, period. One death over the study follow-up period, which is FIFTEEN DAYS.

It's just insane that this bullshit is taken seriously.
Read 4 tweets
Ben Hunt Profile picture
27 Jun
Larry Summers was not just Jeffrey Epstein’s friend, he was his close friend. That makes him politically untouchable for any big DC job.

It’s so weird this is never mentioned in a major NYT article about why Larry Summers isn’t in a big DC job. nytimes.com/2021/06/25/bus…
Excuse me, @LHSummers, but as best I can tell, you have never been asked to describe your relationship with Jeffrey Epstein. I realize Twitter is a terrible venue for this sort of discussion, but can you point me to a public statement you’ve made on this issue?

Thank you.
Read 4 tweets
Ben Hunt Profile picture
24 May
We're taking the core Epsilon Theory notes and putting them outside the paywall. Free to read. Free to download. Free to listen.

First up ... The Long Now.

Tick-tock.

epsilontheory.com/the-long-now-p…
The Long Now is the economic stimulus and the political fear that the Nudging State pulls forward from the future to subvert our autonomy of mind.

How do we return to what is real?

We make. We protect. We teach.

epsilontheory.com/the-long-now-p…
What is the Nudging State's most potent ability? They have mastered the art of stealing our tells. At scale.

Here’s how we resist. At scale.

epsilontheory.com/the-long-now-p…
Read 4 tweets

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