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bau

@bau.bsky.social
2.1K followers 481 following 621 posts

残り物には福がある。Trafiquant de l’ésoterique. Unverified(Ogre). Usually couth, sometimes kempt, often gruntled. Strong opinions held weekly.

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bau @bau.bsky.social · 04/07/2025
No issue with tariff costs and demand changes? Using Bessent math, domestic source COGS and sales have to decline (because wages don’t go up because there is no money creation)
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bau @bau.bsky.social · 23/05/2025
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bau @bau.bsky.social · 23/05/2025
I would be really careful about making assumptions about the 30-40 curve differences between USD and JPY. Implied marks are one thing. Trade-able levels are another.
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bau @bau.bsky.social · 23/05/2025
Yau Ma Tei
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bau @bau.bsky.social · 02/05/2025
Workboat project going slowly. Got some big planks of hardwood to do more repairs. Have had other stuff to take care of.
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bau @bau.bsky.social · 02/05/2025
Sunny day, long weekend, and post-lunch coffee in the breeze.
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bau @bau.bsky.social · 05/04/2025
Misty and gray.
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bau @bau.bsky.social · 05/04/2025
Done perfectly, there’s probably a non-public meme coin involved. Vouchers = NADCoin. Hand it out. Balk on details (Rug it). Elmo and friends buy it all. Then Trump reveals the rest of the plan. Nads become huge. LFG Nads!
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bau @bau.bsky.social · 05/04/2025
The key is to crash the economy, raise unemployment, make everything expensive, blame it on Biden, then offer vouchers. Offer to lower tariffs on countries who invest in American Dynamism SBA Bonds and establish Voluntary Export Restraints on VoucherCo Products.
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bau @bau.bsky.social · 05/04/2025
Then Trump uses the rest of the tariff money to give New American Dynamism Grants to entrepreneurs (Elmo and oligarch voucher buyers) who support Trump (maybe a 20% stake for ‘advisory roles’). Then USG makes the SBA go YUUGE (but non-recourse) for voucher owners.
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bau @bau.bsky.social · 05/04/2025
I finally get it. 1) Raise tariffs. 2) Crash market. 3) USG gives $1000 to citizens in the form of New American Dynamism (NAD) Vouchers Like Russian Privatisation Vouchers. But for America. 4) Elmo/friends hold Trump 3 rallies, open voucher kiosks. Buy vouchers for $1100.
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Tobias Harris @tobiasharris.bsky.social · 30/03/2025
From Victor Klemperer's diary on 30 March 1933, two months to the day after the start of Hitler's chancellorship:
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David Enrich @davidenrich.bsky.social · 30/03/2025
None of the country’s top 20 law firms (and only 3 of the top 100) are willing to publicly oppose Trump’s attacks on law firms. @sindap.bsky.social 🎁🔗 giftarticle.ft.com/giftarticle/...
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bau @bau.bsky.social · 30/03/2025
He called automaker CEOs on the carpet to tell them not to raise prices. He thought he could bully them. Someone obviously told him differently. It’s a different tune 2 days later. www.bloomberg.com/news/article...
bloomberg.com
Trump Tells NBC He ‘Couldn’t Care Less’ About Auto Prices
President Donald Trump said he expects consumers to migrate to US-made cars if automakers raise prices in response to the 25% tariffs on all imported vehicles and parts that he has vowed to impose.
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bau @bau.bsky.social · 30/03/2025
He thinks exporters pay because it’s an import and it’s a cash payment at the border. He thinks of it as a payment - a royalty paid to the government - his government - to do business. The other guy pays in order to sell. So obviously, the foreigner pays. It’s that simple.
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bau @bau.bsky.social · 30/03/2025
Why not production subsidies to spur a renaissance of manufacturing? Ah, well… you see… that is cash out the door. That’s bad.
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bau @bau.bsky.social · 30/03/2025
If he can get in and take a spread, why not. If it is another country selling cars, watches, whatever, ‘it’s very unfair and they are taking advantage of us.’ ‘Negotiating’ with China to sell more ag products to them? That’s the salesman. ‘Buy more. I’ll get sales credit.’
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bau @bau.bsky.social · 30/03/2025
Bully them into accepting less. If they take him to court, paper them to death then settle. Money going out the door in return for service or goods is ‘very unfair and they are taking advantage of us.’ For everything. Anybody making something which Americans want to buy?
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bau @bau.bsky.social · 30/03/2025
Tariffs are great! Look at the money coming in! It’s obviously great because if it weren’t there would be no money coming in. It would be going out. Others are complaining because they want to destroy America. Historically he cheated contractors because it was money going out.
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bau @bau.bsky.social · 30/03/2025
can’t do anything about it. There is no cost to tariffs. If imports come down so tariffs aren’t as big as 20% on 100% of old imports, that’s fine. 20% on 50% is still 10 of new money. All the rest of what happens - business lost, jobs lost, costs higher, etc? Fake news.
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bau @bau.bsky.social · 30/03/2025
“Start a business”? Get someone else to put up equity. Someone else to put up debt. Someone else to run it. Take a royalty for the name. If it goes bankrupt, someone else’s problem. He got his royalty. He likes tariffs because they are new money coming in where he thinks others
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bau @bau.bsky.social · 30/03/2025
It helps to remember that he doesn’t ‘think like a businessman.’ He thinks like a grifter-rentier. Do a scam. It works. Do it until it doesn’t work. Try a new one. But fundamentally, you advertise/market/bully someone into giving you cash. Get the cash. Move on. cc @brokenbanker.bsky.social
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bau @bau.bsky.social · 30/03/2025
Descriptive article about the attitudes, sycophancy, helplessness. Even the fully-sycophantic have no idea but they are all-in on what is still a moving target. Why does he love tariffs? Because it is cash in an account he can call his. www.politico.com/news/2025/03...
politico.com
Trump officials, allies grow anxious about April 2 tariffs
The president continues to throw curveballs at businesses — and even his own team.
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Mayfair Cynic @mayfaircynic.bsky.social · 27/03/2025
Dear Jason Cummins, Attached is an article in the Financial Times, published yesterday. I feel you should know that some asshole is putting your name on stupid articles. Very truly yours, etc. www.ft.com/content/1de4...
ft.com
A 25% tariff on Europe is only fair
[FREE TO READ] The US needs to act over the competitive advantage the EU gives its companies in areas like value added taxes
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bau @bau.bsky.social · 27/03/2025
Remember… Miran was chief strategist for a hedge fund too…
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Soumaya Keynes @soumayakeynes.ft.com · 27/03/2025
4. Did you make investments in Canada/Mexico assuming that MY deal EXPLICITLY containing a 5yr review would hold for five years? Yes? 25% tariff on all Mexican/Canadian content. 5. You made a mistake calculating the amount of Canadian/Mexican content? 25% tariff on the whole thing
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Carl Quintanilla @carlquintanilla.bsky.social · 27/03/2025
* MEXICAN PRESIDENT SHEINBAUM: WITHIN A FREE TRADE AGREEMENT, THERE SHOULD NOT BE TARIFFS @reuters.com
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bau @bau.bsky.social · 10/03/2025
Diverse Equity Index risk. It’s everywhere.
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bau @bau.bsky.social · 10/03/2025
Has that other place given up the ghost for good?
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bau @bau.bsky.social · 24/02/2025
www.unpopularfront.news/p/palantirs-...
unpopularfront.news
Palantir's Peculiar Sales-Pitch
A Republic...if you can creep it
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bau @bau.bsky.social · 24/02/2025
The review/article is worth a read. It’s short. But it agrees with my comments (I hadn’t seen it, don’t know of the guy, but it’s not hard to jump to the conclusion). Article link next one down.
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bau @bau.bsky.social · 24/02/2025
I literally LOLed. Yesterday I posted the thread below both HERE and THERE and one of the responses OVER THERE was a link to a review about how Alexander Karp’s new book was about just that. An SV technobro takeover of govt. 10mins ago Jack posted this.
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bau @bau.bsky.social · 23/02/2025
Just like everywhere, some things go out of style. Old people move on, their kids don’t want their stuff. It’s why antique stores exist. This was out of the classifieds.
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bau @bau.bsky.social · 23/02/2025
The seat cushion and the back cushion match. Same design. It’d be a shame to separate twins.
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bau @bau.bsky.social · 23/02/2025
And it has the undeniable quality of being leopardy.
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bau @bau.bsky.social · 23/02/2025
It has a certain ‘je ne sais quoi’
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bau @bau.bsky.social · 23/02/2025
To be clear, these are not works of high art, but they are somewhat representative of HK’s higher growth period (and heyday of self awareness?) and i kind of like them.
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bau @bau.bsky.social · 23/02/2025
‘Work of art’ is overly generous. This one cost me $US50. I’ve paid a little more before but it’s usually a little less. Chairs of this ilk are not that uncommon.
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bau @bau.bsky.social · 23/02/2025
Too many. I think I am up to 5-6 of the type. I have a little project going where i can use some of them.
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bau @bau.bsky.social · 23/02/2025
The cushion would seem to be apt in commemorating the ongoing party of leopards eating peoples faces by the Leopards Eating Peoples Faces Party but I will most likely toss it in favour of something less… well…. leopardy.
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bau @bau.bsky.social · 23/02/2025
Today I added a new piece to the Bau Collection of Important Hong Kong Cultural and Kitsch Relics of the 1970-80s…
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bau @bau.bsky.social · 23/02/2025
The trick here? It isn’t that they want no state. They want it to be their state. They want to be the Neo-Victorian Equity Lords of their version of New Atlantis. [Even if you don’t get the reference I assure you they do]
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bau @bau.bsky.social · 23/02/2025
they control - limited to technobroligarch needs. The peons can stay outside. It’s all very patriotic. And there was a movie about that called ‘Elysium.’
control.limited
Control
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bau @bau.bsky.social · 23/02/2025
incapacitated, build stuff, run the servers, repair things after storms, plug leaks, fix the plumbing, etc. That requires labour. And Thiel, Jack, and Elon aren’t going to do it. And Thiel wants none of the labour to have a say. So it is either indentured labour or imported indentured labour who
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bau @bau.bsky.social · 23/02/2025
You can see that in the sea-steading bit. Living on a Sea Stead might be “fun” in a “cute but might delete later”kind of way, and actually doable if you don’t need petroleum, but it requires people to grow food, clean, scrape the hull of the inevitable barnacles, care for the sick, injured, and
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bau @bau.bsky.social · 23/02/2025
I find it interesting so many SV would-be ‘libertarian’ technobroligarchs say ‘no’ to so many things but these builders never seem to say what they want… (other than Thiel’s desire to make sea-steading a thing). There’s a reason for that.
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Gaijin Mommy @gaijinmommy.bsky.social · 23/02/2025
plum porn
Two pink plum blossoms presented in so much close-up detail it feels profane.
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bau @bau.bsky.social · 06/02/2025
Mine works. Makes great bread.
media.tenor.com
woody from toy story is sitting in front of a desk and chair
ALT: woody from toy story is sitting in front of a desk and chair
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bau @bau.bsky.social · 06/02/2025
This is 5 ‘burner’. 90cm wide. All electric. Mine works. www.smeg.com/products/C9I...
smeg.com
Smeg Cooker with Induction Hob 90x60 cm C9IMX2
Smeg Stainless steel Cooker with Induction hob inspired by cookers used by the world's greatest chefs.
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bau @bau.bsky.social · 01/02/2025
MAGA is a weird grouping. I’d use the ‘c’ word. Now tariffs are upon us, I see ‘anti-government libertarian’ types applauding them (whereas 20-40yrs ago ‘ small govt conservatives’ would have been aghast). I am sure they will all jump at the chance to drill for heavy oil and grow avocados.
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