In an unprecedented philanthropic gift, Michael and Susan Dell will give 25 million American children $250 each to jumpstart an investment account for their futures bloomberg.com/news/articles/…
Banger from @MikeIppolito_ “the only thing better than having to back your currency high quality collateral is not having to back it and being the collateral itself”
Everyone has their idea on how to “fix” our fiscal and monetary problems, yet nearly everyone forgets debt based systems are inherently imperfect. Pick your poison.
I feel like half my Twitter battles are trying to point out that the current price is probably pretty close to the right price. Not that hard of a concept to understand.
Mr Robot is a good show to watch if you hate the FED and Big corporations. Makes you question if you really want to burn it all down. I don’t think it’s as green on the other side as people think. But there is always a tipping point.
I refinanced about a year ago. I asked my load originator how many people have foreclosed since Covid started, she said 0. Every single person just got a pause on their mortgage until they were able to pay again.
I have said it all along, it’s a behavior issue. A large portion of the population, regardless of income/stimulus, will spend every last dollar they have. $OPFI