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Lyn Alden Profile picture
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16 Oct, 4 tweets, 1 min read
As a heads up, producer prices continue to push up:
The month-over-month PPI growth is decelerating, but the monthly growth is still elevated in absolute terms:
And the spread between PPI and CPI is now extremely negative:
Basically, with rent and owner's equivalent rent continuing to push up CPI (a third of the basket), along with ongoing wage pressure, and with input costs remaining high, elevated headline YOY CPI still looks sticky for the next few months at least.

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More from @LynAldenContact

Lyn Alden Profile picture
16 Oct
Aikido is the Japanese martial art of using your opponent's momentum against them.

I find that it has relevance for online communication. A brief thread.
Aikido is admittedly kind of a shit martial art if you want to regularly win UFC.

Investing time into some combination of kickboxing, submission grappling, and Muay Thai gets you a lot further. Offense, aggression, breaking things, with rational defense as well.
I personally also preferred the aggressive striking style or submission style where possible. It's practical.

In my 12 yrs of fighting and a few years as an assistant instructor, I preferred striking against large opponents, and used grappling mainly against small opponents.
Read 14 tweets
Lyn Alden Profile picture
10 Oct
Wrapping up my trip to Egypt, visiting family and friends.

Here, traveling the windy desert from Cairo to Hurghada.
Baron Palace Sahl Hasheesh. ImageImageImageImage
The Red Sea has a lot of great snorkeling.
Read 6 tweets
Lyn Alden Profile picture
9 Oct
It turns out that broad money supply growth going vertical was kind of inflationary.
lynalden.com/november-2020-…
And money velocity doesn't need to be high for inflation to happen.

Velocity just needs to not be actively falling as fast as money supply is rising. Hence 2021 was different than 2020.
lynalden.com/inflation/
"But it's just due to supply chain issues".

Every inflationary period in history occurs in part due to some physical constraints creating bottlenecks. Commodities, labor, supply chains, etc. Usually with a backdrop of rapid M2 growth.

That's like, what price inflation is man.
Read 4 tweets
Lyn Alden Profile picture
30 Sep
Twitter integrating bitcoin/lightning for tips is interesting.

There are easy ways to send small amounts of money domestically cheaply, but few ways to do it internationally cheaply. Lightning is one of those few ways.
Notably, Strike separates bitcoin the asset from BTC/LN the payment rail network. So a tip receiver can elect to just keep the tip in USD even though it was sent over Lightning rails as sats (fractional bitcoin).
This increasing abstraction between bitcoin the asset and BTC/LN the payment network (two important aspects of #Bitcoin with different and overlapping use-cases) has been accurately predicted by @starkness for years.
Read 4 tweets
Lyn Alden Profile picture
26 Aug
One of the most interesting ways to visualize bitcoin's adoption is via a polar coordinates chart, such as @clockwork_parts has done.

The logarithmic radius represents bitcoin's price, while the angle represents time.
I think it was @PrestonPysh who noted that, basically what bitcoin bulls wouldn't want to see, is for the lines on that graph touch, meaning a four-year cycle failed to continue growth adoption. Otherwise, the monetization remains on track.

Seems logical.
You can also denominate any commodity in sats (fractional bitcoin), and watch the inward spiral instead. Meaning the commodity gets consistently less expensive in terms of bitcoin.
clockworkpartners.com/commodity/
Read 5 tweets
Lyn Alden Profile picture
25 Aug
There are many instances where journalists can't own bitcoin or cryptos. The idea is that it affects bias.

However, not owning some of the best-performing assets, like bitcoin, can also affect bias.

Imagine not owning something that goes up 1,000% to a $1 trillion market cap.
It's understandable that you can't own some minor altcoin that you could conceivably move the price of with your words, as a journalist.

But bitcoin is a $900 billion market cap asset. An individual piece of writing, even at WSJ or Bloomberg, won't materially influence it now.
People who write about money and finance, should be able to own money. Bitcoin is money, in a global sense.

It's controversial, it's volatile, but one way or another, that's what it is. Owning it is bias. Not owning it is also bias, at this point. We're not in 2013.
Read 7 tweets

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