Maggie S
917 posts

Maggie S
@maggiestumpp
Co-founder and former CIO of QMA. Research Prize Committee Q-Group in Finance, JOIM, PhD economist and coffee farmer. Snark is intended.
maui, new jersey & between Katılım Kasım 2010
263 Takip Edilen78 Takipçiler

@FBIBoston @ProvidenceRIPD Why can we photograph the serial numbers of space junk on mars and yet can’t get a clear photo from any security camera in existence?
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#BREAKING: The FBI and @ProvidenceRIPD are releasing new images of a person of interest in the mass shooting at Brown University on 12/13/25. The #FBI is offering a reward of up to $50,000 for information leading to the identification, arrest, and conviction of the individual. Anyone with information is asked to contact the FBI at 1-800-CALL-FBI or the Providence Police Department at 401-272-3121.
See more: @download.pdf" target="_blank" rel="nofollow noopener">fbi.gov/wanted/seeking…

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@Noahpinion Ike warned about the military industrial complex. Perhaps our economic business model, like the mob’s, IS defense.
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@AeroCrewNews This is unacceptable. Were the pilots current on their diversity training?
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@MauiElectric …oh, and FYI, calling up the Maui outage map causes your app to crash.
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@MauiElectric It’s disconcerting that 1 hour in and nary a peep. Should we worry when MECO apparently doesn’t know what the problem is?
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735p: This outage is NOT PSPS or Public Safety Power Shutoff. Customers without power in the Haiku and Hana area. 1st responder en route. Mahalo for your patience. #MauiOutage
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@NBCSCycling @sporino This is great stuff. Interesting and engaging. But please get Chris to do something on the moto other than pointing at the peloton zooming by and echoing whatever Phil and Bob say. Surely, he can do more.
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@TheStalwart Wondering why it fell is the wrong question. Real question: why is it worth anything at all?
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@culturaltutor The “restored” version is dead — lifeless. Tragic.
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@DeanBaker13 Does she realize that the epicenters of the NJ quakes were under Trump’s golf course?
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I wonder what she'll do when she finds out the earth is round
Ron Filipkowski@RonFilipkowski
This is MAGA.
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@DeanBaker13 @Claudia_Sahm In a broader context, this also puts the lie to years of macro dalliance with “rational expectations.”
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@Claudia_Sahm This is truly mind-boggling. This is why I can't accept the claim that people's negative views of the economy are primarily based on their "lived experience" (is there any other?)
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@Noahpinion Institutions that avoided tobacco stocks in the ‘90’s and earlier lost out on a massive subsequent gain.
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A 12-HOUR HUNGER STRIKE
The Harvard Crimson@thecrimson
More than 30 pro-Palestinian Harvard students participated in a 12-hour hunger strike Friday in solidarity with students at Brown University pressuring the Brown Corporation to divest from Israel. @mnamponsah and @AzusaLippit report. thecrimson.com/article/2024/2…
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@RJRCapital Research shows that positive “news” about earnings (think eps estimates momentum) is materially more important for growth stocks than value.
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@AngelicaOung @NatBullard Wouldn’t be inefficient if the utility bought solar output at marginal cost (system lambda).
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Remember when California took away net metering for rooftop solar? It was both the right thing to do AND it predictably devastated the rooftop solar market. Guess what happened next?
People started installing solar systems with batteries attached. As @NatBullard noted in the @CatalystPod
“If you want to do residential solar you now need to attach a battery to your asset for it to make economic sense.” In this case, we see the market responding to a negative incentive, an overly-generous benefit being taken away.
Another way to think about it is net metering was always a distortion. Now instead of irresponsible solar that simply shovel junk kilowatts into the system for a subsidized price, we have solar systems that can be a part of the solution.

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@charliebilello $18? It’s far, far less than that even in Hawaii where everything is expensive.
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"Low-income customers making less than $45k per year have largely stopped ordering from McDonald’s, the fast-food giant’s CEO Chris Kempczinski admitted Monday on an earnings call with Wall Street analysts.
A Big Mac, fries and drink has risen to nearly $18 at a handful of locations.
Kempczinski said McDonald’s aims to slow its price increases to a “low single-digit” pace – pulling back from the 10% hike it levied in 2023."
nypost.com/2024/02/06/bus…
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@hussmanjp Data in the first graph uses overlapping intervals, yielding to a visually strong relationship that is actually ephemeral (eg, t tests are invalid etc)…
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Financial professionals: 7.0%
Investors: 15.6%
They're both thoroughly out of their minds. #arithmetic

Bob Elliott@BobEUnlimited
Either financial professionals in the US are the gloomiest or the every day investor has the most irrational return expectations. Either way quite the gap. Hear this a lot from advisors trying to be prudent and clients pointing to very high stock returns they are getting.
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@MattRPD @PatrickLuyten2 @lunars_magic @emirates I get the dent in an aisle if someone is in transit to the loo, but This smashed panel was directly over a seat.
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Me and @lunars_magic had the worst flight back from Perth to Dubai with @emirates. Geniunelly felt that was the end as we hit the ceiling to ground twice and smashed the ceiling in. Glad to be home.

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@hussmanjp @Batbeat2 Serially correlated data, so graphs suggest a stronger relationship than it is (t stats no longer app,y). Better to show as regimes, where the relationship is weaker. Also black monday looks cheap now, when it clearly wasn’t.
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@Batbeat2 Yikes! That's a data restriction that requires a black-box warning, but here's what the relationship looks like, limited to the period since the tech bubble.
Not sure it'll make anyone feel better...
See also last section of my Structural Drivers piece
hussmanfunds.com/comment/mc2208…

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The only way the market can possibly reach bubble extremes is for investors to ignore lesser extremes for years.
Farrell was right on the bit in #4 - Exponentially rising or falling markets usually go further than you think (even I had to abandon historical "limits").
1928-2023

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