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It's liquidity.
Liquidity injections from central banks, the Central Bank of China, and money creation by the banking sector.
What matters is liquidity, and economic factors are second.
Olivier Blanchard@ojblanchard1
A fun exercise. Since the beginning of the year: S&P500 has increased from 5800 to 6600. Yields on 10y treasuries have decreased from 4.6% to 4.1%. Gold prices have increased from 2600 to 3700. An unusual combination. All three are forward looking. What is the news that would explain all three? A guess: A combination of higher expected potential growth, maybe due to AI, which would explain the stock price increase, and increased uncertainty, partly due again to AI, partly due to Trump, which would explain lower safe rates and a shift to gold. Alternative interpretations?
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Man. Don’t know how to explain it other than shock. Words cannot express the pain of this letdown. The frustration is unfathomable. I’ve worked my whole life to get to this moment and this is how it ends? Makes no sense.
Now that I’ve gotten surgery, I wish I could count the number of times people will tell me I’m going to “come back stronger”. What a cliche lol, this shit sucks. My foot feels like dead weight fam. But what’s hurting most I think is my mind. Feel like I’m rambling, but I know this is something I’ll look back on when I’m through this, as something I’m proud I fought through. It feels good to let this shit out without y’all seeing the kid ugly cry.
At 25, I’ve already learned that God never gives us more than we can handle. I know I’ll come out on the other side of this a better man and a better player. And honestly, right now, torn Achilles and all, I don’t regret it. I’d do it again, and again after that, to fight for this city and my brothers. For the chance to do something special.
Indy, I’m sorry. If any fan base doesn’t deserve this, it’s y’all. But together we are going to fight like hell to get back to this very spot, and get over this hurdle. I don’t doubt for a second that y’all have my back, and I hope you guys know that I have yours. I think Kobe said it best when in this same situation. “There are far greater issues/challenges in the world then a torn achilles. Stop feeling sorry for yourself, find the silver lining and get to work with the same belief, same drive and same conviction as ever.” And that’s exactly right. I will do everything in my power to get back right.
My journey to get to where I am today wasn’t by happenstance, I’ve pushed myself every day to be great. And I will continue to do just that. The most important part of this all, is that I’m grateful. I’m grateful for every single experience that’s led me here. I’m grateful for all the love from the hoop world. I don’t “have to” go through this, I get to go through this. I’m grateful for the road that lies ahead. Watch how I come back from this. So, give me some time, I’ll dust myself off and get right back to being the best version of Tyrese Haliburton.
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Proverbs 3:5-6 “Trust in the Lord with all your heart, and lean not on your own understanding; in all your ways acknowledge Him, and He will make your paths straight."

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Leiva termina su disco, Gigante, con este párrafo, y me pregunto si no será precisamente ese título una alegoría del amor —de ese amor gigante— que atraviesa todo el álbum y en torno al cual gira toda la obra:
Me he acostumbrado a nombrarte sin querer una y otra vez
Sé que me lo he merecido en parte
Lejos de entender, quise responder
con una escena de amor gigante
Déjame saber si hay algo que ofrezca él
que yo no pueda darte
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Coloreamos de días felices días que no lo fueron tanto open.spotify.com/track/7buOPViC…
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