@EconomPic

An optimist who assumes everyone is full of shit or lazy. Smart because he forgets. Fuck everyone against sensible gun reform. 👨‍👩‍👦‍👦👶🏻🐶🍔🍺🏀⚾️📊🤘

 East Bay via NY via PSU via NJ
econompic.com
Joined February 2009
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Proud to Write AI Slop

About a month ago I ran a poll asking whether people would keep reading an article that sounded interesting if the first thing they saw was “Co-written by AI” or whether they would stop immediatel…

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PE Bought the Insurers. Now They Want Your 401(k).

Federal investigators are examining roughly $16B of transactions at insurance companies controlled by Mark Walter of Guggenheim Partners. The Wall Street Journal reports that the probe now centers on …

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Inflation Indexing: The Fund Becomes the Tax Shelter

Kevin Hassett said on August 11th that the administration is assembling policy ideas ahead of the November midterms. Indexing capital gains to inflation appears to be one of them. Larry Kudlow said he…

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Voters Think They Want Deflation. They Shouldn’t.

Imagine an economy experiencing 10% deflation (i.e. prices across the board fall 10%). You’ve done a great job at work and your employer responds by giving you a 5% real pay raise. In other words, t…

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Build the Data Centers. Protect the Neighbors.

The buildout will move faster when residents have a real say and real protections.

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"Smash a Window to Save Your Coins" -Satoshi

Since Thursday, hackers have drained $116 million worth of Bitcoin from Coldcard hard wallets. More than 5000 addresses were affected across four separate waves of theft. Estimated stolen funds is cur…

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Subsidize the Shopper, Not the Store

On Monday, Mayor Zohran Mamdani announced pricing for New York City’s 5 planned city-run grocery stores, 1 per borough. A core basket of roughly 25 staples, including all fresh produce, meat, and se…

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The Government Cheered Democratized Investing. Then Retail Found the Tax Playbook.

On July 21, two senior Treasury officials sat on a Wall Street Tax Association panel in front of fund lawyers, bankers, and press, and said certain ETF and derivatives strategies looked “too good to…

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A Whole Generation of Homeowners are Fucked

Every rent vs. buy debate eventually collapses into a fight about returns. That fight is important. But it captures only half of the picture. A home is two things at once. It is an investment and it i…

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New Cities. Not Denser Ones.

In 1947 a stretch of Long Island potato fields started turning into houses. Within about 4 years it held more than 17,000 homes. People called it Levittown. It was not pretty and it was not clever. It…

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Sixty Thousand Dollars

Dave woke up on a Tuesday. The doctors called it a miracle. Twenty years in a coma and his first words were a question about his investments. Dave was a financial professional. In 2006, he'd been a po…

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