Gary Stevenson Your thesis would match that outcome perfectly. Rich own the assets like houses that aren’t affordable because the fed won’t blow up the housing market and the deficits make holding rates here impossible. But. Valuations … makes 2000 and 2008 look like they’ve had a love

A few days ago, a gang of about a dozen young men tried to assault a woman in her car at night in DC. A @Doge team member saw what was happening, ran to defend her and was severely beaten to the point of concussion, but he saved her. It is time to federalize DC.

What happened to this woman is completely unacceptable. I’m proud of her for speaking out

Caution on #NatGas going into the winter for now? Warm winters don't just hit winter #NatGas prices but also impact thru spring shoulder season. ECMWF's Aug update sees warmer than normal temps for OND start to winter and for DJF peak winter across Lower 48, Europe and Asia

Tell me the bear case for $NEM. Too many years of investing in oil and gas to be fooled by valuations, commodity price plays and “operational excellence…” but also. Can’t find a reason to own most E&P equities until the momentum on oil and natural gas reflects declining supply

Leverage buys you a glimpse of prosperity you haven’t really earned. -Michael Lewis, Boomerang. Interesting book for today’s debt crisis.

On the first big push of FBI supporting President Donald J. Trump Donald J. Trump initiative to make DC safe again, FBI reported 10 arrests with partners. These include: -One arrest on a search warrant for a prior murder charge -Multiple unlawful possession of firearms -Multiple outstanding

Own a diversified HoldCo with multiple cash flow generative businesses that dividends excess proceeds back to the parent

What will the housing market do if the Fed cuts in September and yields go the wrong way again, like last year? Control of long-duration interest rates is actually in the hands of bond buyers, not the Fed.

And great to see Ram 🇺🇸. I quote his blog sometimes and I am privileged to have friends like David who have done exceptionally well on the private side of the oil and gas industry.

Crude forward balances look like crap. But net spec positioning also very short. In that environment fundies can realize said deterioration and short-term prices still bounce on the positioning normalization alone.

There is no second best $IMO

BREAKING - A process to end lifelong Section 8 housing has been drafted, limiting benefits to two years for able-bodied, non-disabled adults, with states notifying the longest-enrolled tenants 60 to 90 days in advance as part of the 2026 budget.

Japan’s 30-year bond yield has spiked to 3.10% - the highest level on record. A preview of what’s coming for the US if we don’t get our deficit/debt spiral under control. The chickens eventually come home to roost.

BREAKING: The US and European Union have reached a trade deal and release a joint statement outlining terms: Tariffs: 1. US to impose 15% tariffs on most EU imports 2. US to lower auto tariffs once the EU passes matching tariff-cut legislation 3. From Sept 1, US will apply

A great read to start the morning thanks to Kuppy pracap.com/global-crossin…

"Look at what happened to ChatGPT usage when college ended for the year" Ben Carlson

🔥🔥🔥from Justice Gorsuch

No sh’t. ATH. You want lower long term rates?? Cut 1 trillion of federal spending. For real.

Just a reminder for all, back in 2008 the Federal Reserve was CUTTING INTEREST RATES (ALREADY DOWN TO 1%) WITH CPI INFLATION OF 5% IN AUGUST OF 2008 with stocks hitting highs Lehman collapsed the following month & stocks fell -40%. Details: open.substack.com/pub/coastaljou…