Bitcoin....who's gotten into it?

[up an down]

I didn't say anything about hate fucking. I bet it was hours and hours of gentle love making. Chicks dig guys with conviction.

Depends on what crime the guy was convicted of.. White collar fraud = accolades from the crypto sheeple.... Other convictions, not so attractive.

[J. Barron DeJong]

https://x.com/awealthofcs/status/178...sR_NcRK2VkCfkg

[byates1]

Wrong thread.

[J. Barron DeJong]

Wrong thread.

Take it up with stale, he’s the one who brought up the soft landing.

[byates1]

Stale is a BTC god. He can do no wrong.

[stalefish3169]

https://x.com/awealthofcs/status/178...sR_NcRK2VkCfkg

https://www.youtube.com/shorts/yezg0UWsQL8

https://www.cnbc.com/2024/04/30/comp...consumers.html

https://finance.yahoo.com/news/janet...150015396.html

[J. Barron DeJong]

https://www.youtube.com/shorts/yezg0UWsQL8

https://www.cnbc.com/2024/04/30/comp...consumers.html

https://finance.yahoo.com/news/janet...150015396.html

Housing is an issue. Now that we have a soft landing, we can lower rates to make mortgages more affordable:

https://ritholtz.com/2024/05/fed-cutting-oer/

Also need to allow more housing to be built, though you seem to think that’s not the problem.

You can say it’s the media telling the average person that the economy is good, but in survey after survey after survey, majority of consumers keep saying their personal financial situation is good, they just think the national economy is bad.

Regarding inflation - as has been pointed out over and over again, low wage workers have seen the largest inflation adjusted wage gains of any group. They aren’t the ones being squeezed. It’s the top 20% who are doing the worst relative to pre-pandemic.

[stalefish3169]

Housing is an issue. Now that we have a soft landing, we can lower rates to make mortgages more affordable:

https://ritholtz.com/2024/05/fed-cutting-oer/

Also need to allow more housing to be built, though you seem to think that’s not the problem.

You can say it’s the media telling the average person that the economy is good, but in survey after survey after survey, majority of consumers keep saying their personal financial situation is good, they just think the national economy is bad.

Regarding inflation - as has been pointed out over and over again, low wage workers have seen the largest inflation adjusted wage gains of any group. They aren’t the ones being squeezed. It’s the top 20% who are doing the worst relative to pre-pandemic.

I've never said that we don't need more housing. However, there are other problems that have been gasoline on the fire. Some of the biggest issues have been ZIRP going on way too long which turned way too many people into landlords as they bought up most of the inventory on leverage. Also, as I've said before, the MBS purchases were very very bad. But hey, I the had to keep the ponzi bond market going. Let's be real, the trillions of dollars of MBS and security purchases by the fed have doomed future generations for the benefit of older generations.

Also, your insistence on saying that the top 20% are doing the worst is extremely lame framing. When the poors get a 20% raise, they are still making jack shit. When millionaires get a 3% raise, it's like the entire annual salary of the 20% raise crowd.

https://www.axios.com/2021/06/30/hom...age-securities

[up an down]

I've never said that we don't need more housing. However, there are other problems that have been gasoline on the fire. Some of the biggest issues have been ZIRP going on way too long which turned way too many people into landlords as they bought up most of the inventory on leverage. Also, as I've said before, the MBS purchases were very very bad. But hey, I the had to keep the ponzi bond market going. Let's be real, the trillions of dollars of MBS and security purchases by the fed have doomed future generations for the benefit of older generations.

Also, your insistence on saying that the top 20% are doing the worst is extremely lame framing. When the poors get a 20% raise, they are still making jack shit. When millionaires get a 3% raise, it's like the entire annual salary of the 20% raise crowd.

https://www.axios.com/2021/06/30/hom...age-securities

The link you posted is 3 years old.. But I totally agree that the wealthy have done much much MUCH better since the pandemic than the people on / near the bottom of the economic ladder.. Percentage wise and flat $ amount wise

[J. Barron DeJong]

The link you posted is 3 years old.. But I totally agree that the wealthy have done much much MUCH better since the pandemic than the people on / near the bottom of the economic ladder.. Percentage wise and flat $ amount wise

Do you have data to support that belief?

[J. Barron DeJong]

https://www.forbes.com/sites/christi...h=4013fadd6c7b

[J. Barron DeJong]

https://www.epi.org/publication/swa-wages-2022/

[up an down]

https://www.stlouisfed.org/open-vaul...ns-gaps-remain ......strike those 3 muchs..my bad... But the percentage gains were not evenly distributed in the lower income group.. At least according to this article.. Dated this past February.

[stalefish3169]

Holy fucking shit. You guys can keep hearing me say that the people running the show are clueless, or you can watch for yourself. The bad thing is that there are plenty of embedded grifters who are looting taxpayers and future generations hand over fist while patsies like Bernstein and Biden trip over their own feet.

https://twitter.com/RnaudBertrand/st...fIB7uiIFA&s=19

Wikipedia: In February 2023, President Joe Biden nominated Bernstein to serve as Chair of the Council of Economic Advisers.[5] He was confirmed to be chair on June 13, 2023.[6] He was ceremonially sworn in by Vice President Kamala Harris on July 10, 2023.

[J. Barron DeJong]

Holy fucking shit. You guys can keep hearing me say that the people running the show are clueless, or you can watch for yourself. The bad thing is that there are plenty of embedded grifters who are looting taxpayers and future generations hand over fist while patsies like Bernstein and Biden trip over their own feet.

https://twitter.com/RnaudBertrand/st...fIB7uiIFA&s=19

Wikipedia: In February 2023, President Joe Biden nominated Bernstein to serve as Chair of the Council of Economic Advisers.[5] He was confirmed to be chair on June 13, 2023.[6] He was ceremonially sworn in by Vice President Kamala Harris on July 10, 2023.

So you’re very concerned about income inequality, but not if the historically fast wage gains for the bottom earners come alongside a guy doing a bad interview (that’s also obviously been heavily edited?).

Have you watched any of his other interviews? He’s been on TV a lot over the past decade plus.

Have you looked into any of his policy recommendations? Do you agree or disagree with them?

[J. Barron DeJong]

https://www.stlouisfed.org/open-vaul...ns-gaps-remain ......strike those 3 muchs..my bad... But the percentage gains were not evenly distributed in the lower income group.. At least according to this article.. Dated this past February.

To be clear: I still think income and wealth inequality in this country is a big problem.

But I think it’s important to recognize that it has been coming down, and it’s been coming down because of policy choices that have been made.

If people don’t acknowledge that, don’t celebrate that, or don’t even know that, we’ll end up getting less of those policies going forward.

[skaredshtles]

To be clear: I still think income and wealth inequality in this country is a big problem.

But I think it’s important to recognize that it has been coming down, and it’s been coming down because of policy choices that have been made.

If people don’t acknowledge that, don’t celebrate that, or don’t even know that, we’ll end up getting less of those policies going forward.

Can we get a functional federal inheritance/estate tax? There is a LOT of wealth that's going to be bequeathed in the next 30 years, and I suspect most of that wealth sits with the top echelon of old wealthy people.

Just seems like low-hanging fruit...

[up an down]

To be clear: I still think income and wealth inequality in this country is a big problem.

But I think it’s important to recognize that it has been coming down, and it’s been coming down because of policy choices that have been made.

If people don’t acknowledge that, don’t celebrate that, or don’t even know that, we’ll end up getting less of those policies going forward.

I agree

[J. Barron DeJong]

https://economistwritingeveryday.com...an-we-thought/

[stalefish3169]

https://economistwritingeveryday.com...an-we-thought/

Quit posting links from the same debunked clown over and over jong.

[J. Barron DeJong]

Quit posting links from the same debunked clown over and over jong.

I’m not sure I’ve ever linked to that guy before.

But please, post up the debunking.

[J. Barron DeJong]

What about this one:



https://www.federalreserve.gov/econr...3;units:median

Debunked already?

[J. Barron DeJong]

[J. Barron DeJong]

Still waiting for an explanation of how the ‘Survey of Consumer Finances’ - a large scale survey which has been collected every three years since the 80’s - has been “debunked”.

[stalefish3169]

Still waiting for an explanation of how the ‘Survey of Consumer Finances’ - a large scale survey which has been collected every three years since the 80’s - has been “debunked”.

I'm just going to stop responding to you. Your credibility is cooked Jong.