pv even in the winter rain

a nice thing about deleting twitter is that you become completely oblivious to certain culture war issues that literally do not exist off the platform

ge (good evening)

tfw you find a new record and connect with it and listen to it on repeat until you’re sick of it

gm my friends

busy day. what’s going on nostr?

thank you to the odd lots podcast for reminding me not to let the banking crisis distract me from the impending commercial real estate crisis

bulls at rest

check in on your friends today, especially the ones who work for credit suisse

risk happens fast. goddamn gm lovely people of nostr! ☕️

chinese food tonight. very excited

it’s really hard to think outside the framework of the existing system. most analysts don’t, and some are outright hostile to the attempt

i’m curious what balaji thinks of gold and real estate, diversifying his doomsday hedge i know he’s not on nostr but i don’t have a twitter account anymore!

so there’s CS. what about First Republic?

start the clock on UBS

is there anything immoral about what balaji is doing? maybe. it does feel opportunistic. a simpleton’s analysis: some banks are insolvent. if the fed continues fighting inflation, more banks will be underwater. we now know this and a systemic run on deposits is already underway so there is a fire and someone in the theatre has already frightened the crowd. balaji is pointing to an exit this analysis is free so take it for what it’s worth lol. open to everyone’s thoughts 🤙

liquidity is always an issue in banking solvency is the real concern here

people blaming crypto bros and VCs for causing bank runs are confusing cause for effect

that morning feeling

gm morning crew ☕️