WALL STREET IS PREDICTING THAT
A RATE CUT WILL BE ANNOUNCED AT
JACKSON HOLE SUMMIT ON FRIDAY!
FED WATCH TOOL ODDS ARE NOW AT
83% FOR THE RATE CUT IN SEPTEMBER
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A RATE CUT WILL BE ANNOUNCED AT
JACKSON HOLE SUMMIT ON FRIDAY!
FED WATCH TOOL ODDS ARE NOW AT
83% FOR THE RATE CUT IN SEPTEMBER
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🔥1
Claim: gpt-5-pro can prove new interesting mathematics.
Proof: I took a convex optimization paper with a clean open problem in it and asked gpt-5-pro to work on it. It proved a better bound than what is in the paper, and I checked the proof it's correct.
Details below.
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Proof: I took a convex optimization paper with a clean open problem in it and asked gpt-5-pro to work on it. It proved a better bound than what is in the paper, and I checked the proof it's correct.
Details below.
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🤯4💯1
Tom Lee asks his quant if ETH will bottom at $4,075.
Quant says yes.
Tom buys a few billion dollars.
A week later Tom asks again.
Quant: “Absolutely, 100% sure this will be the bottom.”
Tom: “How can you be sure?”
Quant: “Because you’re buying billions $ of ETH like crazy.”
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Quant says yes.
Tom buys a few billion dollars.
A week later Tom asks again.
Quant: “Absolutely, 100% sure this will be the bottom.”
Tom: “How can you be sure?”
Quant: “Because you’re buying billions $ of ETH like crazy.”
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😁6
"To remain competitive worldwide, the most important thing is to nurture our geniuses...America now spends more than ten times as much on special education for the low-IQ students as it spends on special education for gifted students"
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Today is a good day to learn about one of the worst Supreme Court decisions in recent history:
Tennessee v. Garner (1985)
Most of American history used the "fleeing felon" English common law standard: if you engage in fresh pursuit of a thief without unreasonable delay, then you can use lethal force.
In 1985, the Supreme Court invented a new standard. It said that under the Fourth Amendment, shooting a fleeing felon was an "unreasonable seizure".
This was not what the Founders meant. This was not considered "unreasonable" at any moment before that moment in time. This was not an originalist interpretation. This was six men inventing a new standard, from whole cloth.
So now it's illegal to shoot a felon who is running away from you everywhere in America. Even if your state says it's legal, too bad.
Even worse, it's basically impossible to change. It would take a constitutional amendment or the Supreme Court overruling its own recent precedent to change it, two incredibly unlikely events.
So now good men like Orest Schur go to jail, while criminals can steal without fear.
tl;dr - in 1985 four democrats and two boomer republicans made it illegal to defend your property with lethal force, undoing hundreds of years of American and English legal tradition
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Tennessee v. Garner (1985)
Most of American history used the "fleeing felon" English common law standard: if you engage in fresh pursuit of a thief without unreasonable delay, then you can use lethal force.
In 1985, the Supreme Court invented a new standard. It said that under the Fourth Amendment, shooting a fleeing felon was an "unreasonable seizure".
This was not what the Founders meant. This was not considered "unreasonable" at any moment before that moment in time. This was not an originalist interpretation. This was six men inventing a new standard, from whole cloth.
So now it's illegal to shoot a felon who is running away from you everywhere in America. Even if your state says it's legal, too bad.
Even worse, it's basically impossible to change. It would take a constitutional amendment or the Supreme Court overruling its own recent precedent to change it, two incredibly unlikely events.
So now good men like Orest Schur go to jail, while criminals can steal without fear.
tl;dr - in 1985 four democrats and two boomer republicans made it illegal to defend your property with lethal force, undoing hundreds of years of American and English legal tradition
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🤬11🌚2
This is incredible:
Money market funds are now paying a record ~$500 billion in dividends per year.
That is a 500% increase since the start of 2023.
This comes as money market fund assets have doubled to a record ~$7.2 trillion during this period.
As a result, these dividend payouts account for ~2.5% of annual consumer spending, according to Apollo.
By comparison, at the beginning of the 2008 Financial Crisis these funds paid ~$200 billion, about 2.0% of total US consumer spending.
Money market funds are evolving the US economy.
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Money market funds are now paying a record ~$500 billion in dividends per year.
That is a 500% increase since the start of 2023.
This comes as money market fund assets have doubled to a record ~$7.2 trillion during this period.
As a result, these dividend payouts account for ~2.5% of annual consumer spending, according to Apollo.
By comparison, at the beginning of the 2008 Financial Crisis these funds paid ~$200 billion, about 2.0% of total US consumer spending.
Money market funds are evolving the US economy.
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😐1
BREAKING:
FOMC Minutes are OUT.
Here are the key takeaways.
- Tariff effects may take longer to materialize
- Growing concerns over stretched asset valuations
- Majority view inflation as a bigger risk than employment
- Full impact of tariffs may take more time to unfold
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FOMC Minutes are OUT.
Here are the key takeaways.
- Tariff effects may take longer to materialize
- Growing concerns over stretched asset valuations
- Majority view inflation as a bigger risk than employment
- Full impact of tariffs may take more time to unfold
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🤬6
🤬7🥰1