People say they don't like early voting but then agree with Calvinism.

109 billion people have lived and died. 8 billion people are alive now (1 in ~14 people who ever lived are alive today).

This. 👇👇

My high school daughter at dinner table tonight: “We learned all about inflammation* in Econ class today dad!” *not a typo. 😂😂 Me, laughing: “yeah… that word works too. Sounds painful…” #inflation

Home builders, fueled by sig underlying demand, are doing well - yes. But it is the severely suppressed existing home sale #’s that are making the splits so exaggerated.

$NVDA $$ funnel

Wow!!!!!!! Northern Lights from Leland, Michigan...from 11:21pm to just after midnight, 8/4-5/2023 Taken by Ethan Hohnke

AKA - No overhead rate supply. Impacts inventory & purchase volume Crushes Refi - a segment of #mortgage that once represented ~50% of all volume

Watching Masters of the Air has me in awe of what hell-on-earth my grandfather went through - a B17 pilot, and later, Lead Crew : Capt Roy Daub of the 359th *29 combat missions #MastersOfTheAir

Question: Anyone know of any Community Banks were: Sub-debt > Market Cap. ?

"A few years ago, Jamie Dimon said that the worst decision he ever made was not getting out of wholesale mortgage banking sooner.  This week he said that mortgage lending has been JP Morgan Chase’s “most painful business ever.” #GarrettMcAuley

Excellent post on internal impacts of Capital Structure. We all can name a few institutions that lost their way (or never even carefully defining their strategy - ever re-shaping the narrative to investors as the victims of circumstance). Ramifications of can be disastrous

This is what it sounds like when doves cry 🕊️

BREAKING: US mortgage demand in March fell to its lowest since 1995, according to Reventure. Mortgage demand is now 43% below its recent peak and ~16% below the post-2008 lows. Meanwhile, the average payment on a new mortgage is now nearly $2,800/month. This means that the

"calamity preterite" A past event that had disastrous consequences. It refers to a significant event in history that altered the course of events in a negative way, leading to calamity or disaster; essentially describing a past event that had profound and negative implications.

What do you do if incompetence badly annoys you? -asking for a friend

This 👇

Lance Lambert 2.65% 30Y will be an ancient artifact. We will never see those days again. The consequences of it are terrible and we will be dealing with it as a society for decades to come. Congratulations however to those who locked it in at the time.

Dear Democrats: Many Americans (myself included) will be voting Democrat for the first time in our lives this November. We’re not doing this because we agree with Democrats on policy; we’re doing it because we understand the need to stop Trump from destroying our Constitution.

I will be explicit. I do believe Community Banks are useful. They are the life blood of the small business lending. Small businesses are about 46% of private sector employment. Retweet this if you agree.