Justin Pullaro

The greatest joy in the world is watching this historic player with my boys and just marveling at the play only he sees. Thank you for that Kuch, and @TBLightning

BREAKING 🚨 🚨 @premierleague 🤝 Tampa Bay! Armature Works will be the place to be when Premier League Mornings Live and its spring Fan Fest visit our hometown for the first time this April 18 & 19! ⚽️ 🌴 Stay in the know and pre-register now at premierleague.com/morningslive

Unless there are more disciplinary actions coming down the chute from the NHL DoPS, the damage of 7 games between the Lightning and Panthers have resulted in: ~$8K of fines for Florida ~$135K of fines for TBL with two players suspended for a total of 6 games.

Legacy is a financial industry buzzword that often rings hollow and meaningless. It's reduced to just marketing. How can financial professionals get something so important so wrong. open.substack.com/pub/jpullaro/p…

Here you go, my friends: Paradigm A: The 2020–21 lurching into fiscal dominance which helped catalyze the geopolitically driven supply-demand imbalance in the US Treasury bond market that is likely to persist – and widen – throughout the duration of this Fourth Turning. Paradigm B: History confirms that when sovereigns get too indebted – specifically when both the stock and flow of sovereign debt supply increasingly exceed available resources to capitalize the leverage – there are only three options to remedy the issue. Paradigm B is the cut phase of the cut → grow → print sequence required to address the geopolitically driven supply-demand imbalance in the US Treasury bond market. Cutting requires a reduction in fiscal expenditures and a reduction in trade deficits; both outcomes increase net national savings. Paradigm C: History confirms that when sovereigns get too indebted – specifically when both the stock and flow of sovereign debt supply increasingly exceed available resources to capitalize the leverage – there are only three options to remedy the issue. Paradigm C is the grow phase of the cut → grow → print sequence required to address the geopolitically driven supply-demand imbalance in the US Treasury bond market. Growing requires the adoption of a growth-friendly policy mix featuring tax cuts, deregulation, and credit easing. The goal of the grow phase is to delever the public sector balance sheet by increasing the denominator (e.g., GDP, GDI, domestic liquidity) faster than the numerator (i.e., sovereign debt). Paradigm D: History confirms that when sovereigns get too indebted – specifically when both the stock and flow of sovereign debt supply increasingly exceed available resources to capitalize the leverage – there are only three options to remedy the issue. Paradigm D is the print phase of the cut → grow → print sequence required to address the geopolitically driven supply-demand imbalance in the US Treasury bond market. Printing requires an erosion of central bank independence that results in the monetary authority monetizing debt – either explicitly via quantitative easing (QE) and/or yield curve control (YCC), or implicitly via reserve management operations (RMOP). The goal of the print phase is to lessen the impact of crowding out by the bloated public sector balance sheet upon the private sector. The Treasury market is atop the global capital structure, so until the US dollar is no longer the dominant reserve currency, it will always attract the capital it needs at the expense of the private sector – particularly low-to-median-income households, small businesses, and interest-rate-sensitive sectors like housing and consumer durable goods. K-Shaped Economy: A K-shaped economy is an economy where high-income households, large corporations, and cash-rich sectors like technology are incrementally achieving prosperity, while low-to-median-income households, small businesses, and interest-rate-sensitive sectors like housing are increasingly falling behind due to limited availability of capital, too-high interest rates, unfair tax policy that overwhelmingly favors capital over labor income, among other things. In aviation terms, a K-shaped economy features the haves flying privately and safely to fancy vacation islands, while the have-nots are flying low-budget airlines to the middle of nowhere… and the planes crash frequently. The post-COVID business cycle is a clear example of a K-shaped economy. E-Shaped Economy: An E-shaped economy is an economy where high-income households, large corporations, and cash-rich sectors like technology are incrementally achieving prosperity alongside low-to-median-income households, small businesses, and interest-rate-sensitive sectors like housing and consumer durable goods. E-shaped economies are achieved only when fiscal and monetary policy are appropriately calibrated to “grow the economic pie” and distribute wealth morally – two outcomes that many have been deluded into believing cannot coexist due to the loss of Christian values from American politics and the advent of their replacement: economic liberalism, which ranks growing corporate profits above all other human pursuits, including enriching the lives of the very people that create the profits. In aviation terms, an E-shaped economy features the haves and have-nots flying together on a jumbo jet, whereby upper-income cohorts sit up front in first class, middle-income cohorts sit in economy plus, and low-income cohorts sit in the back in basic economy; each cohort takes off, lands – and, occasionally, crashes – together. The 1990s business cycle is a clear example of an E-shaped economy. I hope this education blesses you as both an investor and voter in that it inspires you to make wise choices regarding your family's financial future and the future of our society. Capitalism taken to its (il)logical extreme is no better — perhaps far worse — than socialism. Let's fix our broken form of capitalism with a better version of capitalism before it's too late. I love you. God loves you too. May God bless America. —Skipper 💜🇺🇸

Had a great talk with Kate Stalter from @USNewsInvesting - big things are coming from Core Planning in the retirement plan space... stay tuned in 2026! 9 of the Best-Performing 401(k) Funds money.usnews.com/investing/arti…

The Start of Giving Season open.substack.com/pub/jpullaro/p…

@ZachCav You know what to do @Panthers_Safety

Leo Carlsson initially gets charged with a five-minute major on this hit to the side of Evan Rodrigues to open a Ducks power play. Referees review it, and it is upheld. 5 minute major for interference and a game misconduct for head contact. 4-3 Ducks, 19:09 to play #FlyTogether

@altruist - get @jasonwenk in touch with @RobbieHeeger and the team at @endaomentdotorg - lots you could build together for RIAs.

@nhl_dops @BR_OpenIce @FriedgeHNIC It's more realistic if you also add the fine to John Cooper and/or Brandon Hagel.

@BR_OpenIce @FriedgeHNIC We will be suspending Philadelphia Flyers forward Bobby Brink until the 2028-29 season for the unacceptable hit leading to this.

Paul Maurice says Dmitry Kulikov will miss the next 5 months after undergoing surgery for an upper-body injury

Found out today we will not be on a panel for a crypto conference. We were passed over on a tokenization panel for product builders. Honest question for the crypto community... Do you think your assets are going to allocate themselves? RIAs control TRILLIONS of dollars in the US alone. We take away many of the technical, custodial, and compliance risks most investors view as an impediment to adopting onchain assets. If you have us on board, build with us in mind, your path to trillions onchain will be much quicker.

@Interaxis8 @maplefinance Si Senor! What a great pic. @maplefinance - the hat needs its own travel vlog at this point. Make it happen.

Just for you, @jpullaro The @maplefinance hat made it to España.

Breaking:: @NHLPlayerSafety has fined the @TBLightning for this blatant attempt to hurt a Panther

Congrats to a truly best-in-class partner that has helped my wealth management practice deliver a more robust experience around generosity.

🚨 BREAKING NEWS:: @NHLPlayerSafety has suspended #Bolts player Brandon Hagel for his senseless pre-season attack on AJ Greer. Player Safety takes its job very seriously of protecting the @FlaPanthers players.

RIA's managing asset onchain? It will happen sooner than you think. Come learn a little more next week with me, @TheTieIO @PolkadotCG @v_labs

@Interaxis8 Sponsored by @maplefinance and that famous hat

Sometimes you get up and just take a walk, and end up with a stunning view of Lake Geneva

@TXMCtrades Then Bro Down

It might be time to launch a coin and then an ETF for that coin then 3) profit

@SMB_Attorney 3. Niche RIA for Pest Control Business Owners???

The two best business models in America in 2025: 1. Pest control 2. RIAs