keyser soze Profile picture
Nov 5 9 tweets 5 min read
Final Georgia EV update:

Exclamation point on Friday: +244K
EV total = nominally over 2.5mm

Context: Warnock campaign aspired to a 2.1mm EV cycle target. Anything >2.3mm = terrific, anything >2.4mm = almost unthinkable.

And then 2.5mm happened.

Gender spread? Women +10 !!!!
Context most favorable to Walker: Old Dixiecrats (white men & women >50yrs) showed up huge. Older white voters, both wealthy suburban & rural, are the largest % participation rate strata by a large measure.

Walker campaign did everything it needed to do to feed the MAGA beast…
That as given, GOP has a numbers problem along the Old Dixie I-95 corridor in VA, NC & in GA.

The pluses: older white voters are a group that has ardently showed up at rates >80% of RVs & is now breaking ~85% GOP straight ticket. It’s also a cluster growing on a nominal basis.
But, the Old Dixie + MAGA cluster is a declining market. On a percentage basis, the attribution of younger, non-white RVs is rising. Their % participation rates are anemic versus older white voters, however they are growing faster on BOTH notional & a participation rate basis.
Election eye candy: Older whites rock out huge RV participation rates & breaks huge GOP (85/15 breaks in rural Congressional districts, Arkansas statewide goes 70/30, etc.)

But +6 women RVs add w/ +9 or +10 EV gender gap, +8 youth RVs add w/ +12 EV participation rate? That’s 🧨
At bottom you can’t raise the roof.

There isn’t much excess capacity in the MAGA/Dixiecrats block.

There’s a lot of excess capacity in the market for younger/non-white & politically centrist women.

Excess capacity will partially fill out in 2022 & capturing that matters most.
Last point:

If just 1 race matters most, it’s #VA02 Luria v Kiggans.

A wildly diverse district: lots of active & ex-military, large non-white block in Norfolk proper, age population demographic trending younger.

And it’s 2 women on the ballot: a moderate D vs. an ultra MAGA.
There’s purportedly 3 tossups in VA (#VA02 #VA07 #VA10) but in reality it’s just #VA02.

#VA02 & #VA10 are NoVa districts & GOP basically ran brain dead MAGA campaigns replete with Brother Glenn’s Traveling Salvation Show playing all the old race bait hits.

#VA02 is the one.
#VA07 typo above.

The 2 hype races that aren’t going to be competitive are #VA07 goes Spanberger & #VA10 goes Wexton. Those aren’t going to be close.

All the action at the table in the Commonwealth of Virginia Tuesday is in #VA02. That one has huge national trend implications.

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More from @KeyserSozeBro1

Nov 6
Yes, @DrOz is a doctor. The street term for the likes of him is *candyman*

Need a hit? @DrOz has your digital *defund the police* meth hit.

@DrOz isn’t just a garden variety bullshit machine politician. He’s a drug dealer. He deals digital opiates.
And this is just precious. This is the digital meth public health crisis exemplar of our times.

@TuckerCarlson works for the Murdoch cartel. @FoxNews is the vessel. Tucker is a supplier, a pusher. His show is a digital meth 💉 house.

@AdamLaxalt is a digital meth street dealer.
Know what’s hard to do? Suck at being a digital meth dealer inside the Murdoch cartel.
And yet, Senator Ole Ball Coach Who Lost The Iron Bowl 36-0 @TTuberville pulled it off.

His own the libs *not gonna defund the police* bill passed 99-0.

Libs owned him worse than @AlabamaFTBL
Read 9 tweets
Nov 5
Please take the time to read this (very long) gift article.

And don’t be confused about the subject matter:

Murdoch is a drug lord
@FoxNews the enterprise is a supplier
@FoxNews pundits, radio talk show hosts & some Congress electeds are dealers.

The drugs are digital opiates.
These mugs are drug dealers.

Some such as @TuckerCarlson control digital meth houses (their 📺 & talk radio audiences are hermetically sealed bubbles).

Some, including members of Congress including @RepMTG & @tedcruz are penny bag 💉 street dealers.

They deal digital opiates. ImageImage
At a base level it is cruel to laugh at this ⬇️ because these people are drug addicts.

They’re all pickled out on digital opiates.

They live inside digital meth houses & the Murdoch cartel+ some small time competing cartels like @RSBNetwork, @newsmax supply the 💉 junk 24/7/365
Read 6 tweets
Sep 17
My Washington Post subscription allows me to share access to great journalism. Check out this gift article, at no cost to you.

Read here: wapo.st/3UfXvtL
FL exercised savvy tactics. They’re technically not spending federal $. What happened is DeSantis stonewalled disbursements of COVID relief federal $ Congress appropriated & FL received. Then FL put those $ in the state’s general fund, now DeSantis is spending earned interest.
One of the smart apolitical moves this Congress & the Biden admin made last year was to disburse the federal child tax credits $ directly to the qualified receivers. Doing it that way removed a risk that mercurial actors like DeSantis couldn’t withhold or steer those $ elsewhere.
Read 4 tweets
Jul 12
Toxic truth:

Madoff was not a pure Ponzi scheme. It was a 15 year ledger of imaginary trades resulting in nominal principal side losses. >80% of LP $ recovered.

3AC is a pure Ponzi scheme. All of the equity capital is gone by way of principal losses. 0% will be recovered.

/1
Why/how were most of Madoff investors’ losses recovered?

1. Madoff didn’t do real trades & lose.
2. Remuneration Madoff took were commissions on imaginary trades. No mgmt fee, no 20% carry. So on total capital, his rake was modest as a % of capital (albiet still 10s of millions)
When the shit truly hits the fan & it gets settled in a US bankruptcy court there’s only 1 place to focus: in the middle. Who has custody of the remaining liquidity? Clearing broker dealers (could be material) & demand deposit accounts at banks or fund admin firms (usually small)
Read 12 tweets
Feb 24
US can’t unilaterally take Russia off the SWIFT system. Sadly, not all EUR allies on board yet. SWIFT is for non $US transactions which, if into $US, involve US banks as *correspondent banks*

That last part is gone & (at least) $2tn in assets are frozen now. That’s huge.
Its correct behind dispute that what Biden did just now goes well beyond SWIFT. Basically no $US balances or assets can move now. That is an umbrella over all oligarchs’ balances, mortgages/commercial loans & securities & other securitized holdings.

Russia, Inc. is now insolvent
I’ve always been a fan of the term that applies to investment banks that fail (including the first one I worked for):

You don’t go out of business when there are losses, you go out of business when you can’t fund yourself.

Russia, Inc. has no liquidity now. None. Zero. Done.
Read 4 tweets
Dec 26, 2021
Last of the Wall St bonus clearing this week or next depending on your tax choices. Thinking about starting your own fund?

Some unsolicited free advice worth a, well, hopefully of some well meaning help.

Some basic rules:
1. On your desk float what you are considering to your boss(es). Successful people in this biz know that talented people want to seek their own shot & respect that. If you find your bosses don’t respond well, you’re in a bad place anyways & that’s worth knowing.
2. The advice you get might disappoint you: you’re not ready yet, your peer network isn’t big enough, allocators are not looking for your niche right now, etc. Be grateful for well meaning advice you don’t like to hear - it is honest & could save you from a mistake.
Read 18 tweets

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