True wealth is not private jets or luxury cars true wealth is afternoon naps

France and the UK have forced apple to give back doors to their users cryptographic stores data. Where are we going with regards to privacy? All devices (like our cars) want to share our data... I had to get a lower quality oven because I didn't want one with WiFi that would share my data.

I wonder what they mean by "budget neutral" and "incremental" costs

My harshest critic is my husband. Most people can’t honestly say that, but I can.

He’s always my final boss when trying to assert an idea. He’s super smart and usually comes at things from a different angle. And he’s my primary editor. He’s also the head of my website’s customer support center.

Unlike my social media where I shoot from the hip and fuck around, I post detailed articles on my site only after my harshest critic gives me his feedback.

And he doesn’t phrase things like a loving husband normally would. He goes over the top.

He’ll literally put comments on my drafts like “This is fucking right wing trash Lyn. I know you were raised in a trailer park so I don’t expect much, but do better. Rephrase literally all of this.”

That sounds abusive but it’s humorous in practice given our context when working.

We’re not very politically different, but I tend to lean slightly righter than him, so that’s a common source of debate. I pull him right and he pulls me left, not as people who are far apart but who are slightly apart but both opinionated and debate over every inch. It’s on an issue by issue basis.

Mostly he does those comments for humor, but partially because he wants a debate and will bring like a well-researched150 IQ argument to hold the line as I try to argue through his defenses. And I write my research for investment clients of all political views, left and right, globally, as objective as possible, and so he purposely helps keep me straight and steelmans all my arguments for clients.

We debated in the early days about the vaccine in the pandemic, for example, back in 2020 and 2021. We’re still kind of debating about it now in 2025, both granting certain details to the other.

But whenever I write something of substance that is controversial, I know he will read it and call me a retard, which I have to push through and turn into a publishable article.

My social media posts are just me, whereas my long-form posts take time and argue through him.

I often post thoughts and gather comments on Twitter/X, since a lot of tradfi financial pros are happy to discuss. Then I write a piece, and my husband looks through it. I either agree or disagree, and then publish. I get the final say, but I only publish after I’m confident after his arguments.

TLDR; My summary from this whole rambling piece is that I suggest you find a close loved one who will call you a trailer park retard while challenging you on every piece you write while loving you.

Few people will do that but it’s important.

Yes.

Still just a one-off or nah? 👀

The Atlanta Fed GDPNow real #GDP estimate for 1Q 2025 is currently:

-2.4% (that's negative 2.4%, son)

OPINION:

- US economy looking a bit ugly at the moment, after leading the world to the upside for much of 2023 and 2024.

- The world ex-US is looking pretty solid, actually.

- Global assets may continue to outperform, while US-based assets may struggle for a bit.

Just my two sats. ⚡

I think you dropped your purse

How dafuq is Tucker Carlson doing a video interview with SBF from Federal prison?

SOMEONE FUND THIS MAN

nostr:note168tjlr65kwvenr260w0qcwg3x3z6ahg9qt9ndf0w3f6mhqlwc34saaemum

Gunna start a tattoo removal shop called Ragrets

Not looking good 😬

When do people think BTC will hit $150,000?

NGL eth seems kinda rekt in this context 😉

On Trade Deficits and Tarriffs

PART I: Trade Balances are Worse than Useless

Let's imagine there are only three countries: the US, Canada and Mexico.

Let's further imagine that these three countries produce and consume all the goods and

services that they need locally except for three situations:

1) The US buys lumber from Canada

2) Canada buys steel from Mexico

3) Mexico buys automobiles from the US

Now, the trade balances will go like this:

US: In a trade deficit with Canada that just gets bigger and bigger.

US: In a trade surplus with Mexico that just gets bigger and bigger.

These trade balances don't mean anything. Nothing is out of whack. There is no limit

to how high they can go, and nothing ever needs to be paid back to anybody (it is not

debt).

Therefore I recommend ignoring trade balances entirely. They are a silly useless

metric that causes far too much confusion (including in Trump's mind).

PART II: Trade is win-win

In free markets, people trade with other people only of their own free will. They are

never compelled to make a specific trade. Therefore we can assume that both parties to

a trade doing so willingly actually value the received goods and services moreso than

they value the disposed of goods and services.

Therefore trade is win-win.

Therefore,.the more free trade that occurs, the richer everybody gets.

PART III: Tariffs and their purpose

Tarriffs are local import taxes you charge your own citizens in order to protect

local industries who produce the same products at a higher price. This may be

necessary for a number of different reasons:

1) Local industry is fledgling and not efficient yet, and you are giving them time to improve

2) Currency exchange rates are out of whack from purchasing-power-parity, and so you are

preventing efficient local industry from suffering the devastation of this artificial

imbalance.

Any other reason for imposing tarriffs causes a net loss since as already argued, trade

is win-win.

Trump may impose tarriffs in order to drive a hard bargain, but they are still a net loss

while they last. It is just that in Trump's case, they generally don't last long, they

were more of a threat than a long-term policy.

Since currency exchange rates change rapidly, I am of the opinion that tariffs should

change rapidly too. But they don't. Generally they are written into legislation and hard

to change quickly. IMHO government could do far better in this regard.

Doc - I love your take on things, one of my signals for a long time but after watching tour session with Joe I got a sense that you were a little confused ? Do you think before you went Dr Bear you should let more data feed in? Joe made some pretty good and sensible points and I felt like he was a little more calm about where things are at… Just saying 👍👍

Never go full macro