I haven’t done, like, a Sociology about this, but I strongly suspect that a significant percentage of us are struggling with the fact that many of the benchmarks for different stages of adulthood that we grew up with no longer apply to us, and it’s causing us to feel unmoored.
Adults are supposed to get married. A lot of us aren’t getting married. Adults are supposed to have kids. A lot of us aren’t doing that. Adults are supposed to get past college and get a Real Job. A lot of us aren’t doing that.
The problem is not that investors are bearish rates if anything they are not bearish enough. I doubt there any sell-side forms looking for >20 bps increase in yields in any part of the curve.
Charts on Interest rates favour them going much higher than consensus.
It is perhaps easier to see this if we start with liner chart & see what reason could move them higher & drop the 30+ years as context, the fed is wrong & this is a late cycle expansion.
- 5 and longer-dated bonds have lagged as the market remains convinced wage inflation will remain muted any sign of wage pressure is likely to come as a shock.
There’re lot of tweets (within the FinTech community in India) about Whether 'lending is a feature' or not? So, let’s unpack that a bit..
3/n: True definition of Lender = Lending Money from own balance-sheet (i.e. skin in the game). The primary revenue here is Interest Income (Net Revenue from Funds), and margins computed basis NIM (Net Interest Margin) and COF (Cost of Funds).
Okay, buckle up kids, I’m going to tell you an amazing story of love, Fate, weirdness, hope, and how living with my Strange Metaphysics™️ ended up bringing me to exactly where I needed to be, and thus here Tweeting to you all on this humid AF Saturday afternoon in June. 1/
So I think the best place to start is: in the late 90s, I was the frontman for a rock band called Broken Messiah, & we’d just finished recording an EP. I was living in Maine at the time, with my best friend/bass player Chris. And as @Nirvana was one of our biggest influences, 2/
we had wanted to go to Seattle and try to “make it” there, like so many other bands at the time. I’d already been, to play at a tribute concert of a CD comp I’d been on(photo), but Chris hadn’t. We decided, because why not, to hitchhike there: to make a journey out of it. 3/
The Office of Refugee Resettlement (ORR) houses immigrant children because it ostensibly can protect their best interests better than ICE - which it often can’t because ICE’s interests dictate many of its policies. It should be a child welfare agency, not a jailer
Unaccompanied children (UCs) need continued support post-release, and in representing hundreds of UCs, I’ve seen dozens suffer abuse at the hands of their sponsors, even their own families. Because state child welfare agencies often won’t help older teens, they are on their own