The 9/11 story that I cannot forget belongs to Rick Rescorla

his life is book-ended by two moments of American bravery - going above and beyond in answering the call of duty

finally giving his life so that others would live

(1 of 16) born in Cornwall, Rick is a natural soldier & born leader - he joins the British Army in 1956 & serves in Cyprus and Rhodesia as a paratrooper & MP fighting commies

encouraged by a friend, he chooses to immigrate to the US out of a sheer desire to destroy communism

(2/16)

Quick note about what it's like to be on the receiving end of "thank you for your service"

(1/10) since coming home from Iraq, I have been welcomed with warmth, kindness, and appreciation from everyone I've interacted with about my time in uniform -

I will always be grateful for these gestures, big & small

(2/10)

hey folks - I did a spot on Josh's pod this week on the intersection of the election & potential tax changes with @lopezlinette & @michaelbatnick -

check it out here

thereformedbroker.com/2020/09/18/wha…

some follow-ups next

( 1 of 15 ) to set the stage, here's the @TaxFoundation analysis of the Biden tax proposal

taxfoundation.org/joe-biden-tax-…

although as I point out on the interview, the US House & Senate control tax policy - not the White House

and it takes two parties (well, 60 Senate votes) to dance

(2/15)

The 9/11 story that I cannot forget belongs to Rick Rescorla

his life was book-ended by two moments of bravery - going above and beyond in answering the call of duty

finally giving his life so that others would live

(1 of 16)

(1/16) born in Cornwall, Rick immigrated to the US out of a sheer desire to fight and destroy communism - he saw the effects of his enemy first-hand with the British Army in Cyprus and Rhodesia from 1957-1963 as an inspector & MP

he left the UK because he wasn't done fighting

2/16

BG John Buford - 1st Division Cavalry commander - was the first to recognize the importance of key terrain at Gettysburg

his actions on July 1st, 1863 may well have turned the course of battle if not history, & perhaps saved the Union itself

(1 of 16) in great contrast to the Confederate cavalry in mid-1863, the horse soldiers under Buford's command were ordered to keep ahead of I Corps and "locate Lee's army and discern its intentions."

the primary role of reconnaissance: be the eyes & ears of the commander in the field

Paycheck Protection Program application & fact sheet are now live via US Treasury website

applications may be submitted to lenders beginning April 3rd ( Friday )

home.treasury.gov/system/files/1…

home.treasury.gov/system/files/1…

home.treasury.gov/cares loan amount maximum: two months of average monthly payroll costs from past year + 25%, up to $10 million

Senate Bill - full text for S.3548

drive.google.com/file/d/1eT-ANE…

https://twitter.com/billsweet/status/1242910906759237642

Paycheck Protection Loan - the SBA thing - any business or non-profit - I don't see any industry restrictions whatsoever

Limited to the lesser of average total monthly "payroll costs incurred" or $10 million

interest rate cap of 4%

$349 billion in funding

Josh & I tackle our early read on the stimulus package here:



since filming, the Senate Finance Committee is out with a six-page summary of the stimulus package here:

finance.senate.gov/imo/media/doc/…

headlines to follow

(1 of 6) one time stimulus payment in the amount of:

+ $1,200 single / $2,400 joint || +$500 per child

+ $600 / week on top of regular UI benefits

https://twitter.com/kpomerleau/status/1241764758631657480

https://twitter.com/arindube/status/1242806200254726145

(2 of 6)

watch out crypto tax evaders - the IRS is coming for you with a mean new checkbox IRS BOARDROOM, WASH. DC

"Dammit, these blockchainers are still not reporting their gains! I want those gains on Schedule D NOW or it is going to cost you all your asses!! What do you agents have for me?"

The 9/11 story that I cannot forget belongs to Rick Rescorla

the definition of competence and bravery in the face of fire, his life book-ended by two moment going above and beyond answering the call of duty

and finally giving his life so that others would live

(1/16) born in England, Rick immigrated to the US out of a sheer desire to fight and destroy communism - he saw the effects of his enemy first-hand with the British Army in Cyprus and Rhodesia from 1957-1963, as an inspector & an MP

he left the UK because he wasn't done fighting

2/16

It's a smart guy/gal think to observe that income tax refunds are a "tax-free loan to the government," and while true, I feel this understates the importance of tax refunds to the American family & the effect they have on consumer behavior

(1/x) Per Chase (via @ritholtz), roughly 80% of US households receive a tax refund, at an average of $3,600 ($2,600 median) - this represents about six weeks of average earnings

jpmorganchase.com/corporate/inst…

The 9/11 story that I cannot forget is of Rick Rescorla - the quintessential story of quiet competence and bravery in the face of fire - his life book-ended by two incredible events in our country's history

(1/16) born in England, Rick immigrated to the US out of a sheer desire to continue the fight against communism - he experienced this first-hand with the British Army in Cyprus and Rhodesia from 1957-1963, as an inspector & an MP

2/16

it's time once again to bust out some @RitholtzWealth wisdom & info about markets at all-time highs

as you might imagine, we have some thoughts

(1 of 2,354) Ben @awealthofcs in 2017:

all-time highs are usually followed by... more all-time highs:

"Generally speaking, stocks go up most of the time. A few of those highs will be temporary peaks but most will simply lead to even more highs down the road."

awealthofcommonsense.com/2017/03/all-ti…

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