Real Developments, CFA

She has sex with bread

Imagine the student cafeteria.

For sure that’s true . but if the average isn’t even growing then how bad must it be for the bottom of the K?

JP Morgan? Jamie Dimon bailing on ai and economic growth?

That’s a great indicator but I think real personal ex government transfer payments tells a better story of the “forgot how to grow economy”.

probably most of that is leverage from prime brokers

Productivity often surges as employment turns down. We’ll see when all the revisions are in.

Desantis or bust...

Gern geschehen

Si es verdad

HT to the economic Heavy D @DariusDale42

Here's the crisis in a nutshell: labor share of income has crashed while business share has surged amidst record profits and margins. All a function of government spending and regulation benefitting big businesses (mostly thru raising prices) and the wealthy people that own them. Americans are beyond frustrated that they are falling further and further behind while the elites rocket ahead.

Republicans have ignored the plight of the average American family who has been hammered by cost of living. Trump arrogantly poured fuel on the inflation fire by raising tariffs and starting a war. And then added insulted to injury by pointing to the stock market as evidence of genuine economic prosperity. Republicans have run a “let them eat cake” economic policy followed by a “smash your head in the cake” campaign strategy. People voted for a change that will impact their prosperity However , what they will get is more of the same government growing policies that destroy prosperity. Neither party is capable of making the real changes that will restart broad American prosperity.

I guess we’re not getting our $5k checks.

The only winners in the Republican Party tonight are @RonDeSantis and @MassieforKY Both have shouted for years that Trumpism was hollow and fake conservatism Both have been fully vindicated I look forward to voting for one of them in 2028.

So is the hyperscaler growth really just a function of subsidized, underpriced tokens?