@ToddLewisGC@PGAChampionship Given the percentage of pga pros that make cut year after year, there should be maybe max 5 that qualify. Even with zero I think it’d be ok to call it the pga championship.
Ben Kern is the lone PGA Professional to make the cut at the @PGAChampionship. He worked at his club, Hickory Hills last week and when not working prepped for the championship by hitting balls in his home simulator. Ben was low PGA professional in 2018 and will repeat this year.
@TotemMacro current capacity for additional jpy lending by Japanese banks is very high given the high level of deposits. Increasing us rates and decreasing jgb rates and a momentarily strong jpy would be an obvious trade for speculators. Also domestic institutions are bearish on the yen
@JonasKimm How so? How does one “do more carry trade” with a mechanical smaller supply of already leveraged yen because the Japanese have brought it back onshore and parked it in JGBs?
What Japan needs to do is very clear. They need to sell FX reserves for yen, and use that yen to absorb the long-end. This solves their currency and bond/supply demand problems. It is what they will ultimately do. It makes everything harder for the US.
You aren’t understanding the second order implications of the transaction I’m suggesting to the plumbing.
Transaction 1) sell US treasuries, raise dollars. 2) buy yen with dollars. 3) use Yen to buy JGBs.
Implications: The reason this isn’t QE is because those are not new yen being created. It’s taking yen out of the global system where it is currently serving as collateral for FX swaps that the Japanese banks use to lend repo onshore in the US, and to hold US bonds directly. Via this channel, Japanese QE has become the marginal funder of the US financial system and asset markets.
The result is a glut of yen circulating offshore being rehypothecated into oblivion. As long as they fund the leverage underpinning the bubble in this way, the associated yen weakness causes further outflows in a vicious hot potato loop. It effectively means Japanese QE has supported US fixed income and therefore indirectly, risk assets, at the direct expense of JGBs.
Doing the transaction above throws this whole thing into reverse. It’s enormously deflationary for Japan and the world.
Rory made it pretty clear how frustrated he is driving the golf ball. Says it’s been an issue all year. Keeps missing right and when he adjusts he hooks them left.
@TotemMacro Let’s suppose they are able to make a small dent in yen weakness and long term jgb yields decrease. What do you think happens to the currency and yields after? Take this one step further and it’s easy to see why it doesn’t make any sense to do what you think is very clear.
Rory McIlroy’s first win on TOUR 🏆
A clutch birdie on the 72nd hole @TruistChamp in 2010 that prompted one of the most decorated careers in golf.
#TOURVault
@arlowhite Do you know what hyperbole means?
After $5.3bn spent it would be absurd if literally "no one" went. Doesn't mean LIV is inherently popular, people just want to see great players like Rahm and DeChambeau.
When are you going to apologise to the "fast typists" from the NYT etc?
@AKSwagTracker I think the us open exemption is for the top finisher in the top 3 of the individual standings that’s not already exempt. If he’s 4th he won’t qualify.
In one Brooks answer....
"I understand there's price to pay for coming back"
"I'm itching to get in [to PGA Tour events]"
"Whatever I have to do"
"The answer to everything is... play better"
Who is this guy and what has he done with Brooks Koepka?
@JosephKahn This is such a bullshit hypothetical post. I go with my kids all the time and see nothing but families in line. Stop making up bullshit to create a narrative and leave people alone. They’re enjoying themselves for fuck sake.
The average family of four pays $1000 a day at Disneyland, and spends most of their time waiting in lines behind Disney adults and couples. My solution to the low birth rate problem is to tier Disney pricing to penalize these DINKS creating supply and demand problems at the parks.
Dual Income No Kids couples are a drain on society, absorbing resources and producing a net loss when they die off. In the meantime they clog up the Pirates line with their sad adult mouse ears, eating $15 churros, forcing 8 year olds to wait for an experience that is designed for them. Triple the ticket price for them since they have so much expendable income, and bring down the cost for families. Let them subsidize the people that are doing their part to continue the human race.
DINKS should not be at Disneyland just like they shouldn't be at elementary schools or Billie Eilish concerts. They should stay in their designated world of wine bars and film festivals. Introduce family surge pricing. The more families show up, the more expensive it is for Dinks to enter.
Once this program is successful, tax DINKS on everything else that should prioritize families like Cheesecake Factory until they have kids for discounts and tax breaks. Tax the billionaires? No, tax the DINKS.
@LukeKerrDineen In simplest terms the problem is the right knee moves towards the ball causing early extension. Many online instructors these days teach banking the trail foot and it does help with early extension, but it doesn’t give you the correct mechanics.
@LukeKerrDineen@LukeKerrDineen This Blackburn drill you’re doing definitely works but doesn’t get to the why. There’s a good chance you haven’t thought about and trained how to apply pressure using your trail leg. Joe plecker is the only instructor I’ve seen address this particular issue.
@LukeKerrDineenyoutu.be/NGVwK3DtA-I?si…
I call his drill the Scottie shuffle drill since it kind of mimics his right foot movement. Thinking through how to apply torque with the trail leg was life changing for me and hoping it might help you too. I used the drill in your video as well.