What Hedgeye said! Be there or be 🟥

BNPL?

What Jack Farley highlights is difference btw subprime circa ‘08 & today

US resi is JUST AS LEVERED but form debt taken on differs (no “all cash” is not “all”)

But it’s CRE that’s not only NOT isolated to US, but => levered to the same extent as US

CRE BUBBLE GLOBAL IN SCOPE

Goldman has raised year-end S&P 500 index target to 5200 (from 5100), representing 4% upside from current level. In Dec, Goldman lifted target from 4700 to 5100 to reflect an outlook for more dovish policy, lower real interest rates, and higher valuations than originally

'If AI is a bubble, it's making the dot-com bubble look small.' - felix salmon

Your friend doesn’t own 20 single family homes

He owns 4 single family homes

He also owns a whole lot of debt

Depends. We closely track many great sources:
DailyJobCuts . com - Layoffs / Job / Economy News
NACM
Cass Freight Audit & Payment
ChallengerGray
S&P Global Market Intelligence
(((The Daily Shot)))
Philadelphia Fed & MOST other Fed Districts
Redfin
Melody Wright
Stimpyz
Truflation
CME Group
University of Michigan
The Conference Board

And that’s just to name a few

People always ask how I managed to grow #QIResearch after leaving the Fed nine years ago after having had four under four.

It’s spelled M.O.M. (to them, N.A.N.A.) who is my G.O. A.T.

Love you Mom!

Sometimes my clients at #QIResearch express initial skepticism at immense depth of our analysis

I say, why replicate sell-side research or closet indexers? Where’s the value add?

Our amazing retention & how we’ve organically grown our client base validates my deep dive approach

Danielle DiMartino Booth Always happy to share a platform with you. 🙏

Funny thing.

Lyn Alden & I have shared multiple platforms in recent years. Our styles differ as do some of our focuses. The one thing I do have to say about her is that she’s gracious & very bright.

It sure is nice to have that anonymity to hide behind as you lack both.

VERY entertaining and especially true of I-35 traffic corridor.

Without a doubt. But some may desire grandchildren more than their lifestyles rather than none at all. Growth of multigenerational households has exploded, exemplifying the trend.

For those who wish to travel, my question is fundamental: Why carry that much home into retirement?

EXHIBIT A

Got liquidity?

No?

How about that CRE bailout so many tin foil hatters are wearing on my feed in the middle of the night (they can’t see calendars in the dark showing they’ve been waiting for nearly two years. Sternlicht has night goggles & sees that he’s been asking that long)

Ground zero Melody Wright

Know how expensive childcare is? Screw that! Move in w/your parents, procreate & save the expense!

“Nearly 40% of boomers have lived in their home for at least 20 years, according to Redfin, while another 16% have lived in same residence 10-19 years”

Italianification of America

Consensus Bulls 78.

Were last 78 in December 2013

Danielle DiMartino Booth Bloomberg I just got a prescription med. With insurance, it would cost $80. But I chose to pay cash. It cost $18. Who benefits from this arrangement?

It was a 2-step process

1) Private equity leveraged industry up to its eyeballs

2) CARES Act paid average single mother of 2 >$61k annualized. Trump extended emergency UE through FEMA & rental eviction moratorium CDC

Millions of nursing home workers never returned to work