It’s happening again Buckle up. A thread 🧵

There is a Nobel Prize on offer for the economist who can crack the conundrum of why adding huge numbers of low-wage migrant workers from low-skill, low-trust countries does not result in higher aggregate productivity

Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us. So we

The S&P 500 has dropped 10% in 2 days, one of the most rapid descents. What happened in previous sharp declines? (Parabolic drops). These were the last 4 parabolic declines

It’s always the ones you most suspect.

Prediction: Tomorrow will be the largest single day Stock Market drop in the last 50 years. All senseless. Needless. All caused by one man and his decades long fascination with something he knows nothing about. Americans were hoodwinked into voting for a man who could care less

In the UK, the top 30% of income earners pay 80% of the income taxes. To be in the top 30% you earn over £45K. Income tax is 30% of total taxes collected. If the government cut income tax completely on incomes under £45K, it would cost them just 6% of all taxes collected.

Still can’t believe how perfect Terminator 2 is. Easily one of the best sequels ever made.

Anyone know if this is true?

“So grids with high renewables are less stable and harder to keep the frequency in it's proper range. Unfortunately electrical equipment is sensitive to frequency and will break if it moves too much. So they have protection devices that cause them to trip off leading to outages

Congratulations to Portugal and Spain on achieving net zero before 2050

Buffett after the long standing ovation he received after announcing his exit as CEO: " The enthusiasm shown by that response can be interpreted in two ways, but I'll take it"

If you have a house in Swansea that is worth £550,000 and you want to move to one that costs £650,000 you have to pay £29,250 in Stamp Duty. This is insane, no one is going to move, they will stay put and all the businesses that would benefit from that move won’t.

Word

PREDATOR was released 38 years ago today. Among the most popular science fiction/action movies of the 1980s, and one of Arnold Schwarzenegger’s biggest movies, the behind the scenes tale ain’t got time to bleed… 1/36

I read Buffett & Munger Unscripted by Alex W. Morris on the way to Omaha It's one of the best investing books I've read. Here are the most important lessons:

🇬🇷⚽️ 25.06.2004

Αφού ανέχθηκαν την διαφθορά επί μία εξαετία, έχουν το θράσος να μας ζητούν να πληρώσουμε τον λογαριασμό για την δική τους πελατειακή διαχείριση της εξουσίας!!

TERMINATOR 2: JUDGMENT DAY was released 34 years ago this week. Acclaimed as one of the great blockbuster action films, and among the best sequels ever made, it remains a hugely spectacular movie with a making of story to match… 1/42

Most of the people I know don't go to pubs anymore, since Covid. They're just used to not going anymore, it's out of their system. Have the lockdowns and the following inflation destroyed pub culture, or is it just me and my social circles?