Joe
493 posts


@metsradio880 Keith mentioned Pratt's walk off grand slam single .. and how they didn't let him run the bases.. Clealry that was Ventura
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@SonnyFab @beneverard @Suzierizzo1 Not at Citifield. @Mets can I get a printed ticket at the ballpark?
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@beneverard @Suzierizzo1 They are. After you get into any ballpark, you can go to guest services and buy a printed souvenir ticket.
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@Mets Opening Day - No one was informed that you needed to request the discount code 24 hours prior to game time..strike one.. also.. no 7 Express after the game!?! Strike 2 - Game 2- never received the email with the code -strike 3 @StevenACohen2

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Take the train to the game! 🚊
Get $5 off your LIRR train ticket to Mets-Willets Point, redeemable only in the MTA TrainTime app for mobile LIRR Adult Day Passes.
ℹ️👉 bit.ly/47fEb8b

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@LIRR @StevenACohen2 This was not communicated at all. Poor execution. Do better for game two. Fans have roughly 6 hours from now to be advised to get their discount.
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@LIRR Terrible.. it doesn't work on opening day!! What a joke. Just post the code. @StevenACohen2 please get someone on this ASAP
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The @Mets open their season on Thursday—skip the traffic and ride in stress-free with the LIRR ⚾
Hop on a Port Washington Branch train for a quick and easy ride to Mets-Willets Point, or transfer at Woodside if you're on a branch east of Jamaica.
Check TrainTime for schedules and tickets.

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@Nanoffewwords @LIRR There are so many game day issues that need to be addressed... LIRR discount.. NO Express subways after the game!!! .. the boardwalk between the LIRR and the subway is a disaster @StevenACohen2
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@LIRR @JoeFromJersey2 This statement needed to be made when tickets were purchased so that it was clear the promo had to be requested 24 hours in advance. This was not clear so we couldn’t use promo either.
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@Joelsherman1 Please tell me these aren't the same doctors who tried to mend Ike Davis?
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nypost.com/2026/02/11/spo… The Mets are confident that the tough Lindor will be back by opening day after surgery. Thoughts on that, the lineup and the power potential of the group.
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@NFL_DovKleiman I like this one better, but it never aired :
youtu.be/W6YrBwRN1-M?fe…

YouTube
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@zerohedge Nothing will ever top this episode .. Bernanke with the patience of a Saint : youtu.be/jORdN7v0ej0?si…

YouTube
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there should be a 50 IQ point minimum to be a politician
Western Lensman@WesternLensman
Maxine Waters goes on unhinged rant, repeatedly talking over Scott Bessent — then gets finished by one of Bessent’s trademark rhetorical daggers. Waters: “Can you shut him up?" Bessent: “Can you maintain some level of dignity?" Oof.
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@dampedspring @DannyDayan5 it's implied.. the TGA is replenished, coupons are staying the same for "several quarters" , The Fed is buying front end and Bessent has said that the "Fed and Treasury “need to rethink how they work together,”...and they've increased bill issuance
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@JoeFromJersey2 @DannyDayan5 You just said the same thing "since the treasury desire to issue". That's made up
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Fed balance sheet reduction 101 under the Warsh,
Miran, Bessent, Trump dovish fed fund rate, hawkish balance sheet regime - a workable plan
In order to reduce the balance sheet assets you need to reduce the liabilities
The liabilities are
Roughly
850BN in TGA
2.4TN in Currency in circulation
2.9TN in bank reserves
How do you reduce these things
TGA. There are two ways
1. Term out debt reducing the amount of bills rolling per 5
Day period which lowers the statutory requirement for TGA
2. Agree with the Fed that any bills owned by the Fed don't count in that calculation and increase the bills holding of the Fed while decreasing the duration holdings
CIC
Encourage the growth of Stable Coins which are bought with CIC and which the coin is funded with Tbills. The simply accounting (its more complicated) is Fed swaps its assets (Tbills) to the stable coin minter and is paid CIC for the trade. Assets and liabilities drop. This is particularly useful in onshoring and replacing foreign held CIC with stable coins
Bank Reserves
This is the one that the myopic repo traders at the Fed and the narrow minded plumbing experts say can't be done.
It can be done. While a handful of banks have scarce reserves and they must be protected which puts an upward pressure on reserves and balance sheet, the banking system overall is awash in excess reserves. A simple fix would be a cap on reserves held by banks such that if over the cap the bank would receive zero IORB. Then slowly reduce the cap. The simple accounting transaction would be
Reserves over the cap are spent on Fed balance sheet assets. Assets down reserves down with no threat to any bank with scarce reserves. I would also offset this policy by instituting a minimum reserve requirement which forces certain banks with scarce reserves to add.
When I add all that up I think over time
TGA can come down by 200BN
CIC can come down by 400BN
Bank Reserves can come down by 600BN
And the SOMA portfolio can come down by 1.2TN
The Fed is narrow minded in its approach to maintaining the rate corridor. My solution would address the top end of the rate corridor by instituting a minimum reserve requirement and the bottom by instituting a penalty for those who hold reserves over a maximum AND providing Fed assets to buy with those penalized reserves while lowering the maximum over time to acclimate the excess reserves folks without crashing out the bottom of the corridor.
*Walter Bloomberg@DeItaone
FED'S MIRAN: I WANT TO SHRINK THE BALANCE SHEET BY A LOT MORE, SMALLER BALANCE SHEET IS RIGHT WAY FED'S MIRAN: REGULTIONS A BIG ISSUE FOR SIZE OF FED BALANCE SHEET
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@dampedspring @DannyDayan5 I'll reframe .. it's more likely the Fed swaps long term run off with purchasing 0-3y since the treasury has a desire to issue more front end paper and currently is not interested in terming out debt since they believe LT yields are higher than they should be
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@JoeFromJersey2 @DannyDayan5 Bessent has not indicated any desire to shorten treasury WAM at all in fact the opposite As far as I've seen he hasn't commented on Fed Wam at all. What evidence do you have of that desire
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@dampedspring @DannyDayan5 It's more likely LT paper runs off and is re-invested in short term paper - zero to 3 years.. this is more in line with Warsh's Treasury-Fed accord and Bessent's desire to shorten the WAM
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@DannyDayan5 Bonds are sold via runoff and issuance from treasury to pay for runoff
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