Ryder Taff

Quote-tweeting this to meek it my pinned tweet.

@cmi_dwarf @JBourdain20400 Exactly what I was thinking. Looking at new cars too, even the regulatory costs mentioned in the thread aren't moving the needle like covid demand and production issues.

Obama made debt slavery mandatory when he genocidied the used car market in '09

@ogcaitlinclark At least there won't be any other imposters in your way now.

@jrtaff @zagrebbi It is supposed to spelled with a C

Caitlyn Jenner killed the name "Caitlyn". When Bruce Jenner became Caitlyn, the popularity of the name Caitlyn itself crashed. According to Social Security data, "Caitlyn" went from the 588th most popular baby name to dropping out of the top 1000 released names completely in just a year.

look closely in the world and you can see the history of legends forged in steel

The funny thing about "Buffett-style stock analysis in minutes" is that Buffett famously only spends "minutes" doing analysis.

@JamiePastore9 "who are we selling to" "dentists" -boiler room (something like that)

$175B stimulus package? Keynes would love this, I am told.

@cullenroche @mcspacface Why would people invest in AI if there was nobody on the other end to use it. We could all do art and barter I suppose.

I’m assuming AI investment is so huge that you basically can’t get a consumer led recession even if PCE is negative. That could be wrong, but if firms are spending this much it’s hard to get a recession at the same time even though they won’t be spending the money into labor pockets….

Something I am thinking about a lot these days: Let’s say AI turns out to be the humongous job killer that some think it will be. That would result in a huge decline in aggregate demand and negative wealth effect across large swaths of the economy. GDP stagnates, but doesn’t necessarily go down. Unemployment goes up enough to get a technical recession. The wealth accrues to fewer and fewer firms and people (the stock market could, paradoxically, go UP in this recession, after initially collapsing). Yields collapse. The Fed stimulates. QE to the max. Automatic stabilizers fill some of the void. The deficit explodes. Calls for a UBI become more prominent. This gets worse and worse until the govt is filling the aggregate demand void entirely (which they’ll be able to afford because inflation will be so low). TLDR: All of the mega trends of the last 40 years get exacerbated. What am I missing?

@IvanTheK This makes a lot of sense when you think of this as putting more of the luggage, a complicated part of packing an airplane, in the hands of professionals.

At this time I would like to reiterate my call to re-regulate the airlines: 🔹Mandatory charge for carry-on bags (which goes toward TSA budget). Airlines can tack-on whatever they want. 🔹No charge for checked bags. It’s currently ass-backwards. Thank you for your attention to this matter.

@CPAPlanner It does appear that there is a pretty steep slope right now from $100,000 in income (free) to ~$323,000 (full $91,000). It's like the FAFSA with bigger numbers.

@CPAPlanner As I recall, they are using their endowment for this. They (and Yale, maybe others) all announced this sort of thing years back when there were calls to tax their endowments. They raised student support to increase endowment distributions.

I'm extraordinarily curious to see how schools like Yale and Harvard, and the long list of other institutions considering this sort of policy, implement these changes. Will the $200,000 threshold be a cliff or cliff-like? If so, that's one heck of an incentive for a family who might be on track to make $201,000 to consider having someone take some unpaid leave to get back to $199k. Consider, for instance, Harvard's website (screen grab below, link college.harvard.edu/admissions/why…). $200k or below (w/ "typical assets" - whatever that means), and it's basically free tuition; no questions asked. But go over that mark - seemingly by a dollar - and it becomes a very "Well, we'll see what we can do" type of situation. And if tuition is free for families w/ $200k of income or less, does that mean tuition for those with income above that threshold will have to be increased faster to effectively cover the cost for their own students and for those students who come from households with less than $200k of income? If so, it could create a donut hole situation where those students who come from $200k-or-less income households go for free, and those students who come from extremely affluent families can afford to go no matter what the price, but those students who come from households with incomes "only" in the $200k - $300kish range get priced out? I don't know the answer to that, but I DO know that this trend seems to be picking up steam, and if it continues, it will only amplify the need for education planning for many affluent households. "Yale To Offer Free Tuition To Families Making Below $200,000" fa-mag.com/news/yale-to-o…

@ShitpostRock I love surveys like this because of course we should compare the alcohol spending habits of high schoolers to adults.

@keccers Not that it needs to be said here, but in the counterexample, I don't think anyone is thinking that the man grew the flowers.

@keccers Cyrano de Bergerac would like a word.

I'm not a dietitian so not commenting on that, though this seems like an evolution of the MyPlate guidelines. The graphic is cool, but I am very curious how it ends up getting implemented in school lunches and other federal food programs where sugar still persists.

@nypost ugh, I fell for it again. The story contains the line "his team also warned on their website there would not be portable restrooms 'due to safety concerns' and 'no food for sale within the block party.'" Why didn't NYP ask about that?

Zohran Mamdani fans disappointed by disastrous ‘block party’ with no food, bathrooms trib.al/vI7X7sM

Listen to the full episode here! moneytalks.mpbonline.org/episodes/money…

Lastly, we put together one sheet (ok, both sides) resource on common beneficiary questions and thoughts. Check it out here, or DM me for a PDF or to snail mail to your low tech benefactor.

Beneficiaries gathering for the holidays? It's time to think about who you have designated as beneficiary on your accounts. Check out the holiday decorations too @MPBOnline