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@Dinar Assad regime wasn’t good for anyone. He killed hundred of thousand and even dropped gas barrel bombs on Conti ens. The HTS are a wildcard, nobody knows what the outcome will be. I prefer a wildcard over a dictator who’s is supported by Russia and Hezbollah and was known to be terrible.

Steve didn’t die suddenly. He knew it was coming …

Merry Christmas! Wishing everyone and their families a wonderful holiday season and New Year!

Word is he didn't actually write that, Tony Schwartz did.

Merry Christmas to all !

Please explain why Assad's fall was good for the Christians of Syria and the West? Thank you. As for Putin's compassion, are you serious? You expect a man who voluntarily joined an organization that massacred tens of million of their own people to be a normal human being?

Merry Christmas to all!

What is the coincidence? Steve Jobs died a year after Satoshi was last active? Am I missing something? Not sure why this would imply Jobs is Satoshi. But never say never..

Mnuchin left in January of 2021. The last year of his term was 2020 which involved the start of the pandemic. The economy needed stimmy during the last year of his term. What Mnuchin did during the early pandemic was actually amazing in concert with Powell staving off likely economic depression. When Yellen took over in Jan 2021 onwards though, the economy did not need further stimmy as you note. Instead, Yellen and the Biden admin pursued crazy deficits which only served to feed inflation (and hence they lost their jobs). Yellen should have issued long duration even if it meant higher rates. Maybe if she did that it might have even prevented inflation from getting as bad as it did with long duration rates ticking upwards. Yellen's term was marked by high inflation and inaction in the face of it. It was Powell who put the brakes on inflation. Yellen did nothing and her boss was demented out of his mind. She was a terrible Treasury Secretary.

TSLS

Merry Christmas all

This was probably recorded in the 70’s but is just as true as ever. It also applies to China, perhaps even more so:

I am guessing this has been debunked but a curious coincidence.

lol we do not need Festivus to air out our grievances in this forum. We do it everyday. Everyday is Festivus on COBF. That said, Happy holidays and new year to all.

Did Argentina and Austria rolled their entire federal debt over 100 or just took advantage to issue what they could with the quantity they could ? you are correct on the steepness though. If you are issuing large quantity of debt, and if the short term is pinned low, and the long end higher, you have demand available across the curve but front-ended with lots of dumpster trucks (including the central bank itself) ready to load up

The economy didn’t need more stimulus in 2021 either, the GDP growth was already 4%+.Also, how is there not enough demand for LT treasuries? Argentina was able to sell a 100 year bond, demand was hot LOL. It is just a matter of what interest rates the treasury offers. https://www.cnbc.com/2017/06/20/argentina-sees-strong-demand-for-surprise-100-year-bond.html Of course doubled up with a second stimulus package in 2021 that really kicked up inflation, but the shadow of inflation was already there in late 2020. At that time in 20218-2020 the through was that the yield curve was to steep. thats whey they were buying treasuries and MBS hand over fist to make it flatter. Of course the yield curve was steep because the Fed was holding down the short term interest rates to zero. I don’t think that Yellen was that out of character with what was done before and we’ll see what the new treasury secretary will do and how long he will last.

Mnuchin left Jan 2021 when the economy probably needed more stimmy. Yellen should have pushed out maturities starting late 2021. They should have issued long duration bonds until it pushed up rates on the long end 100-150bp.

Is everyone ignoring that Mnuchin looked into extending duration during the 2020-21 … the result of that study was that they couldn’t find enough demand for those long-dated low/negative interest rate. Yellen took over after. Maybe they should have called Bank of America. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/yellen-faces-major-hurdles-to-issue-of-50-year-bond-that-mnuchin-passed-over-62228383 But regardless why keep mentioning Yellen while ignoring Mnuchin (a Trump man)

Covering MSTR short. Buying big oil, Joe and MSGE. A quick visit to the toy store. Visiting bros with bags of Sey coffee.

Quite agree with most of this; but Joe is also very much a momentum trader, and when BTC is at 94K it's cheap! and going past 106K next!! That volatility is systematically creating lower entry points, and multiple rounds of bragging as short term holds are profitably sold off at higher prices. I made 6K last week, what a hero! It's a great side hustle, all legal, and even pays better than dealing drugs !! Friends pile into the ETF 'cause if even this idiot can do it, I should be a lot better! The rising price is incidental. Jill six-pack is a lot more cautious; make enough to fund the down payment on a house, then focus on protecting the gain and actually buying the house. Money temporarily moving to the dividend paying ETF and blue-chip, then later into the housing market. If Joe wants to settle down at some point, Jill six-pack ultimately prevails. Like most others we're pretty sure BTC has some ways to run, but it'll be a bumpy ride, and the more bumps the more likely Jill's view prevails. It's just not the message in today's circulating cool-aid. SD

Merry Christmas!

Time to gather 'round the Festivus pole.

Merry Christmas!

It was interesting to read he invested with Musk.