It’s been about 10 years since I had the pleasure of eating live Alaskan King Crab (steamed) Back then it was ~$60-65/lb CDN so it was still very pricey to share a ~7 lb lobster with a table for 6. But arguably worth it for a special occasion….
Recently got an email from one of my fav seafood restaurants saying it was coming in.. (Only avail for a few weeks or less in a given year) $131/lb! So,that means with tax and tip it’s about $1200 for 1 crab.

Just another antidote that inflation is always grossly understated
To double in 10 years you need a ~7% a year. Bonds are for losers (unless you just swing trade long bonds correctly :)

Guaranteed losers. That’s the game.
Prudent savers that work hard and just want safe bond get screwed eos
And yes I know #FirstWorldProblems

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More from @BambroughKevin

Dec 13
Crypto ecosystem is reported it to still have a ~$1.5 trillion market cap.

Over the last decade how much actual cash as been on-boarded via crypto exchanges and what happened to it?
Bitcoin miners all have real world bills and the bulk of coins mined and sold would have seen a large portion of the sale proceeds leave the system to pay the computer/electricity/staff/office space/tax bills etc.
There’s also been significant profit taking by some as we’ve all seen the ‘players’ living large, lambos, houses, yachts, and partying in expensive places.

Then we’ve also seen that these crypto exchanges have spent large on advertising as well as paying people individuals off
Read 14 tweets
Dec 13
After I scrolling through fintwit comments, estimates and predictions related to as to how a cpi number will come in and how the market react, I’d like to offer my take…
I don’t care and frankly haven’t cared for decades what the government reports as a back dating cpi or frankly any number. It’s irrelevant. Predicting the future is all the matters…
Further more I don’t care what the fed says or does in any meeting. Because knowing what they are going to do in the coming quarters and years is again what really matters.
Read 11 tweets
Dec 12
#Fusion energy development: great that it continues to move forward but when you look at the data it seems the current net energy success is based only on the energy that was fed into the laser and the resulting energy that was produced from the reaction ft.com/content/4b6f0f…
At best commercializations is said to be decades away.

At worst we don’t know how much other energy needs to go into the system in order to calculate if it’s truly going to be net energy positive in its full life cycle.
Produced 2.5 megajoules of energy over a couple weeks while consuming 2.1 megajoules of energy in the lasers.

What we don’t know is how much energy goes into first creating a fusion reactor, how long the various parts last and what materials (energy) is required ongoing
Read 12 tweets
Dec 9
#China will now open up and ramp up its #economic output and send #commodities higher. Likely many will make new highs in the next couple years. Their are also going to support for their #housing #market. twitter.com/i/web/status/1…
The USA and Canada are bother going to continue to see housing market weakness and along with Europe banks will begin to struggle with bad loans. Companies like $CS are in trouble and the #FED and #ECB are will have to slow rate hikes and reverse course next year
The western economies are going to need central bank liquidity injections to prevent implosion. Negative wealth effect combined with increased interest rate expenses take a few months to trickle through. And trust me they pain is coming.
Read 10 tweets
Dec 8
I think I’m perhaps a bit too combative on Twitter.. perhaps I should take a break. Just can’t help myself. Lol
I’m just so not a fan of people that are supposedly well educated but somehow manage to make poor decisions and steal peoples more or sell out to endorse Ponzi schemes. I feel like someone has to call them out…
But when you do those that believe in the Ponzi scams or are simply still routing for them to come back and make them rich attack non stop.

It’s unreal the number of attacks I’m getting of late. Fishing scam attempts via email, text etc. and not just me but my contacts
Read 5 tweets
Dec 8
Anyone looking for evidence of ‘rich white privileged’ and the benefits of being in the ‘club’. Just look at SBF was able to raise the huge sums of money he did via institutions. O’Leary embarrassingly admitting that they relied on each other’s DD.
Likely nearly no one did any due diligence. When the ‘right people’ (rich power connected, and “looks like me”) are raising capital in a hot market they are able to just play LP’s off each other. “So and so’s in. Are you in or not? We are already cutting people back!”
SBF was smart enough to know that if he offered to pay the right people (like O’Leary) huge sums like $15mln they would endorse him and also be willing to invest some funds. I think O’Leary is saying he was promissed $15mln and bought close to $9mln in crypto and $1mln FTX
Read 7 tweets

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