Shye Link @LinkShye

Hey @elonmusk if you made your own F1 team I believe it could be the best, just an idea…🏎️

Like for Jake Paul. RT for Mike Tyson. #PaulTyson

The greatest political story in history.

America is a nation of builders Soon, you will be free to build

🇺🇸🇺🇸The future is gonna be so 🔥 🇺🇸🇺🇸

@elonmusk

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SpaceX has moved its state of incorporation from Delaware to Texas! If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible.

Almost no one seems to be aware of the immense size and lightning growth of this issue. According to the mayors, it is already overwhelming essential services in New York, Chicago and other cities.

~~datahazard~~ @fentasyl

3 years ago

Since August, there are officially more arriving each month than there are children being born to American mothers. And these are just the official encounters -- we don't know how many avoided detection.

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Don’t be impressed by the club turnout. The truly beautiful girls, where it counts anyway, are at home.

They are not just anti-Israel protests. They are anti-American protests.

Elon Musk @elonmusk

3 years ago

@WallStreetSilv Did they just tear down an American flag on Veterans Day in America? Am I understanding this correctly?

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I believe that long-term rates, e.g, 30-year rates, will rise further from here. As such, we remain short bonds through the ownership of swaptions. The world is a structurally different place than it was. The peace dividend is no more. The long-term deflationary effects of outsourcing production to China are no more. Workers and unions’ bargaining power continues to rise. Strikes abound, with more likely to come as successful walkouts achieve substantial wage gains. Energy prices are rising rapidly. Not refilling the SPR was a misguided and dangerous mistake. Our strategic assets should never be used to achieve short-term political objectives. Now we must refill the SPR while OPEC and Russia cut production. The green energy transition is and will remain incalculably expensive. And higher gas prices will raise inflationary expectations. Just ask your average American. They see the prices at the pump and in the grocery store and don’t believe inflation is moderating. Our national debt is $33 trillion and rising rapidly. There is no sign of fiscal discipline by either party or by the presumptive presidential nominees. And each debt ceiling is an opportunity for our divided government and its most extreme actors to get media attention, and for our nation to threaten default. This is not a good way to recruit the many new buyers we need for our bonds. The government is selling hundreds of billions of bills, notes and bonds weekly. China and other foreign nations, historically major buyers of our debt, are now selling. And the QT unwind experiment has barely begun. Imagine trying to do a massive IPO where the underwriter, insiders and short sellers are all selling at once, competing to hit every bid on the way down while the analysts downgrade their ratings to ‘Sell.’ Our economy is outperforming expectations. Major infrastructure spending is beginning to contribute to economic growth and the supply of additional debt. Recession predictions have been pushed out beyond 2024. The long-term inflation rate is not going back to 2% no matter how many times Chairman Powell reiterates it as his target. It was arbitrarily set at 2% after the financial crisis in a world very different from the one we live in now. I bumped into the CIO of one of the world’s largest fixed income asset managers the other night and asked him how it was going. He looked like he had had a tough day. He greeted me by saying: ‘There are just too many bonds’ — a veritable tsunami of new issuance each week. I asked him what he was going to do about it. He said: ‘The only thing you can do is step away.’ I have been surprised at how low long-term rates are. I think the best explanation is that bond investors thought of 4% as a high rate of interest because rates hadn’t breached 4% for nearly 15 years. When investors saw the ‘opportunity’ to lock in 4% for 30 years, they grabbed it as a ‘once-in-their-career opportunity,’ but today’s world is very different from the one they have experienced up until now. The long-term inflation rate plus the real rate of interest plus term premium suggests that 5.5% is an appropriate yield for 30-year Treasurys. And query whether 0.5% is a sufficient real long term rate in an increasingly risky world. And the technicals could cause yields to go even higher, particularly in the short term. We saw the beginnings of that today. It wasn’t that long ago that a previous generation thought five percent was a low rate of interest for a long-term, fixed-rate obligation. But I could be wrong. AI might save us.

Bill Ackman @BillAckman

3 years ago

I have been surprised how low US long-term rates have remained in light of structural changes that are likely to lead to higher levels of long-term inflation including de-globalization, higher defense costs, the energy transition, growing entitlements, and the greater bargaining

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Mourning my friend and MSU classmate Johnie Cooks from Leland. He was a bad man on the gridiron, but a kind, generous soul off the field. I loved his smile and will miss his abiding friendship. Johnie fought the good fight all his life. God bless him and God bless his family.

Must confess to a deep love of fashion & architecture

This is the most important 90 seconds in any interview ever. God bless @elonmusk

Our generation got to go to WW2 museums while people who fought and experienced the War were still here. #WW2

2022 is the worst year ever for stocks and bonds since 1871

New Twitter policy is to follow the science, which necessarily includes reasoned questioning of the science

MSU Bulldog family, college football community mourns the death of Coach Mike Leach hailstate.com/news/2022/12/1…

Just getting on twitter to show my support for @elonmusk