frestly.bsky.social @frestly.bsky.social · 30/01/2025Looking for a "Happy Ending" to his career? www.youtube.com/watch?v=VwBH...youtube.comHappy EndingYouTube video by Restly Brothers - Topic 000 0
frestly.bsky.social @frestly.bsky.social · 22/01/2025Greatest impact any person can have on another person's life is just to sit and listen. "Courage is what it takes to stand up and Speak; courage is also what it takes to sit down and listen." - Winston Churchill 000 0
frestly.bsky.social @frestly.bsky.social · 16/01/2025media.tenor.coma man in a suit and hat is standing in a room with the words `` satan be gone '' written on the screen .ALT: a man in a suit and hat is standing in a room with the words `` satan be gone '' written on the screen . 020 0
frestly.bsky.social @frestly.bsky.social · 16/01/2025I don't go to war often. But when I do I drink bourbon.media.tenor.coma man with a beard in a suit is clapping his handsALT: a man with a beard in a suit is clapping his hands 010 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025When you figure out what you actually believe in, come back and chat again. Nice chatting. 000 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025So Clinton and Congress raised tax rates above the prevailing rates that were present during the Reagan / Bush Sr. administrations (and also flatlined defense spending). 000 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025Good, then you should know the answer to your own question. 000 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025Sure it does. If the source of currency depreciation is too much money, then government sells equity that is expensive for them to sell, but cheap for you to buy. Amount of currency in circulation falls, and amount of equity increases. Same way that bond sales pull money out of circulation. 000 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025Do you think you have a claim on government assets like the White House, Pentagon building, Jefferson memorial, when you buy a government bond? Do you understand the legal distinction between debt and equity? 100 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025Here is the support for that statement. By 1990, interest payments on the federal debt were consuming a little over 50% of federal tax receipts. Graph courtesy of St. Louis Fed. The federal government by law is not permitted to pay interest on bonds by selling new bonds (Ponzi finance). 100 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025I get what you are saying, but consider that a big reason that Clinton raised tax rates back in the 1990's was because of the debt service costs. So if government is selling equity in lieu of debt, then there is one less reason for it to raise tax rates. 100 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025Which in turn makes equity better for government to use instead of debt in protecting it's currency. 100 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025If it's expensive for the government to sell equity, then it must be cheap for you or I to buy it - no? So nobody will buy equity when the government is selling it cheap - is that what you are trying to convince yourself of? 200 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025Buying equity shares in a company doesn't guarantee you a positive return. Look, if you don't like equity investing, then just say so. But don't pretend that nobody likes it. 000 0
frestly.bsky.social @frestly.bsky.social · 15/01/2025Which makes equity even better than debt for the federal government because as you say: "..it doesn’t want to devalue its currency." 000 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025I've already said that purchasing the equity is completely by choice - buy the equity if you want, if you don't that's fine too. It's you that can't decide if "nobody will buy them" or if there is some risk premium that will attract buyers. 100 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025Most people that I know like lower taxes on their earned income. You prefer higher taxes on your earned income? 200 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025How many people buy corporate equities that might or might not pay off in the long term? 000 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025But not for everyone. It's you that is floating around the "nobody will buy them" BS even after admitting that there is a risk premium needed to get someone to buy them. 100 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025The same people that ask for a raise in pay while they are working. 000 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025First you say that equity buyers will demand a risk premium (and I agree). Then you say that no one will buy the equity (no risk premium is large enough). Make up your mind. 100 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025Right, and with a recession comes joblessness. So if you are holding equity (and losing ROI), you have a pretty good incentive to go find a new job. Can the same be said if you are holding bonds? 100 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025Okay, I said similar, not exactly the same. 000 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025Again speaking for people you have never talked to. 100 0
frestly.bsky.social @frestly.bsky.social · 14/01/2025Okay, then you agree there are good reasons for government to choose a more expensive method of financing (like equity). 000 0
frestly.bsky.social @frestly.bsky.social · 13/01/2025Sure by jawboning long term interest rates higher, Trump will bring prices down. Shame he didn't learn that before serving his first term. 000 0
frestly.bsky.social @frestly.bsky.social · 13/01/2025Printing money is cheaper than bonds. And yet the government chooses the more expensive option. 100 0
frestly.bsky.social @frestly.bsky.social · 13/01/2025Except that during a recession, the realized gains from bonds stay the same. The realized gains from equity fall when fewer equity holders have taxable income. I think Robert Shiller discussed something similar with what he called "Trills". papers.ssrn.com/sol3/papers....papers.ssrn.comThe Case for Trills: Giving the People and Their Pension Funds a Stake in the Wealth of the NationWe make the case for the U.S. government to issue a new security with a coupon tied to the United States’ current dollar GDP. This security might pay, for examp 200 0
frestly.bsky.social @frestly.bsky.social · 13/01/2025Except the government's liability with the equity dies with the owner (similar to Social Security). Not so with marketable bonds - transferrable across generations. 100 0
frestly.bsky.social @frestly.bsky.social · 13/01/2025With bonds, the upside is limited to the total tax liability of all tax payers. With equity, the upside is limited to the equity purchasers individual tax liability. 000 0
frestly.bsky.social @frestly.bsky.social · 13/01/2025Not if the government can lower the price of the equity to whatever the market requests, sell whatever quantity of equity the market requires, and sell equity anytime the market requires it (irrespective of budget deficit or surplus). Can the same be said of bonds? 100 0
frestly.bsky.social @frestly.bsky.social · 13/01/2025media.tenor.coma man wearing a hat and blindfold is standing in a field .ALT: a man wearing a hat and blindfold is standing in a field . 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025These are firms that are required to submit bids at Treasury auctions. 100 0
frestly.bsky.social @frestly.bsky.social · 12/01/20251. Has there ever been a President like Trump? 2. Not refused, impounded payment. Let the next President worry about lifting the impound and restoring payments. 3. Depends how you want to treat TIPs. You say the terms can't be changed. Jack Lew says otherwise. 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025Again, not sure Social Security beneficiaries care that much about accuracy, consensus, or research. 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025Sure, when there is a clear cut case of cause & effect (cyanide resulting in death). When there is no clear cut conclusion on how things will work out? Was it abundantly clear what effect the effect on the CPI would be when housing was replaced with OER? Trump can't "we'll see"? 020 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025So the threat of lawsuits resulting from Trump changes in the CPI is basically an empty threat? 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025TIPs also don't protect investors against impoundment (an official Presidential action) of coupon payments. 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025Conservatives are comfortable doing nothing. Liberals are uncomfortable doing nothing. So you are saying Trump is a liberal? And you didn't vote for him? 010 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025And, to this point no one has sued over those changes? That is what we are talking about here - legal challenge to changes made in the CPI. So, has it happened and what was the outcome in court? 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025Hmmm....not sure that Social Security beneficiaries really care what economists think if their benefits are cut. 010 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025Not sure that "warranted by the research" is much of a legal argument. 100 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025And I am sure Trump will pick researchers that agree with him for whatever changes in the CPI he has in mind. 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025What you seem to be forgetting is that former Treasury Secretary Jack Lew changed the terms on inflation-indexed government bonds so that during an extended deflation, the principle value can't fall. Once Lew did that, he put them at risk for any other change by any other President. 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025Like Social Security beneficiaries (inflation indexed benefits courtesy of Nixon starting in the 1970's) had a great lawsuit against Clinton and the Boskin Commission? 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025You mean the government can change the CPI inflation measure? Oh wait, they already did - twice. First time the 1980's when housing prices were replaced with OER (Owner's Equivalent Rent). Second time courtesy of the Clinton Boskin commission. en.wikipedia.org/wiki/Boskin_...en.wikipedia.orgBoskin Commission - Wikipedia 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025Not quite. With bond sales, the federal government has prearrangements with banks who are required to submit bids in bond auctions - they are called primary dealers. en.wikipedia.org/wiki/Primary... With equity sold by government there are no primary dealers.en.wikipedia.orgPrimary dealer - Wikipedia 100 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025Baltimore would have scored more points. Pittsburgh this year on 4th down - next to last ahead of Dallas (38.89%). www.teamrankings.com/nfl/stat/fou...teamrankings.comNFL Football Stats - NFL Team Fourth Down Conversion Percentage | TeamRankings.comusalabamaalaskaarizonaarkansascaliforniacoloradoconnecticutdelawarefloridageorgiahawaiiidahoillinoisindianaiowakansask...NFL Football fourth down conversion percentage, by team. 000 0
frestly.bsky.social @frestly.bsky.social · 12/01/2025High priced Steelers defense didn't exactly put up a fight. TJ Watt, 0 Tackles, 0 Sacks, 0 Passes defended. Defense gives up 186 rushing yards to Henry. Steelers running game was non-existent Harris, 6 Carries, 17 Yards Warren, 2 Carries, 6 Yards 110 0
