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Godspeed 🫡

Global M2 supply is signaling a Bitcoin price target of $160,000 by the end of the year.

Marginal personal income tax rate above 50% is not taxation, it’s robbery. What is the maximum tax rate that feels fair and justified to you?

Wet dream chart for all gold bugs out there. Ht In Gold We Trust

BREAKING: MIT just completed the first brain scan study of ChatGPT users & the results are terrifying. Turns out, AI isn't making us more productive. It's making us cognitively bankrupt. Here's what 4 months of data revealed: (hint: we've been measuring productivity all wrong)

"The budget process, which is immune to a filibuster, can be used for legislation primarily aimed at revenue and spending, not for making other changes to public policy." I'm all for extending the TCJA. However, I'd love to know, what does preventing the regulation of AI have to

So many of America’s current problems can be traced back to one fatal flaw: We consistently make decisions that benefit the old established order while penalizing the young (and our future)

Underdiscussed: Your portfolio is probably negative YTD adjusting for the drop in the dollar. SPY is up 5% but the dollar is down 10.5%

Happy Bobby Bonilla Day: Bonilla is set to collect another $1.193 million from the NY Mets today, as he will each July 1st through the year 2035.

A great joy in life is having tons of cousins to play with during Holidays I had this growing up and now I get to watch my kids have this An underrated argument for higher birthrates: Give your kids siblings so their kids can have cousins and big fun family gatherings too

The reason no one is buying houses right now is because U.S. housing market affordability is literally at the worst level in the past 35 years. Today, an American making median income needs to spend 39.7% to afford the monthly mortgage, tax, and insurance payment. The long-term

U.S. Housing Market has reached its most unaffordable level in history 🚨🚨

The difference in cost between buying a house and renting has reached the highest level on record. Today, your monthly payment for buying a house is $2,800/month. While the typical rent is $2,049. The resulting $750 premium to buy means that many would-be first-time homebuyers

One time when I was 7 and left my Barbie under the hotel bed, the maid found it and the hotel mailed it back to our home, free of charge Seriously, just get a hotel.

The number one challenge in the housing market right now for investors is spreads. That is - the complete lack of a spread between cap rates and the 10-year US Treasury. Currently, the cap rate for single-family is 4.9%. Which is only 0.5% above the 10-year US treasury rate.

13 states + DC are now experiencing negative home value growth YoY according to Zillow's Value Index. Florida is leading the way at -4.3%. Even California is now getting in on the action, dropping -0.5% YoY. These declines are starting small. Affordability remains at its worst

There is only ONE major metro of the top 50 in the USA where buying a home is still cheaper than renting: Pittsburgh, PA

From Paul Kedrosky. AI capex is a bigger deal than the telecom buildout. But still nowhere near as big as the railroad buildout.