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Why do people bid up AI stocks? Because people remember 1999.
Why do people slam financials when there's a whiff of subprime fears? Because people remember 2008.

Kevin @acrossthecurve.bsky.social · 8h

The Canary in the private credit coal mine

Metro North @metronorthcapital.bsky.social · 9h

That’s not quite how I would categorize the reporting.

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Conor Sen @conorsen.bsky.social · 9h

Oh there was actually a headline:

*BLACKROCK SEEKING CASH FROM JEFFERIES FUND HIT BY FIRST BRANDS

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Conor Sen @conorsen.bsky.social · 9h

Perfect bsky post.

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Conor Sen @conorsen.bsky.social · 9h

$JEF trading like a bank with subprime problems.

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Conor Sen @conorsen.bsky.social · 11h

Atlanta stopped worrying about NYC/SF around 2020-22 for better or worse.

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Conor Sen @conorsen.bsky.social · 12h

I agree.

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Conor Sen @conorsen.bsky.social · 13h

Option theta decay dynamics means that every day without signs of progress tends to push the odds of a lengthier shutdown higher. Odds of the shutdown lasting longer than 20 days just jumped a bit to a new high:

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Conor Sen @conorsen.bsky.social · 13h

The knowledge of the existence of the dot com bubble/bust (which we didn’t know in 1997) and the GFC (which we didn’t know in 2005) is an interesting element in all this.

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Conor Sen @conorsen.bsky.social · 16h

More on MTG’s disillusionment with the admin: www.nbcnews.com/politics/con...

Once a loyal foot soldier for Trump, Marjorie Taylor Greene is increasingly bucking her party

From the Gaza war to the Epstein files to the government shutdown, the MAGA-aligned congresswoman has grown critical of her fellow Republicans.

www.nbcnews.com

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Conor Sen @conorsen.bsky.social · 16h

Housing demand goes up when prices are rising, not falling, same as any other financial asset.

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Conor Sen @conorsen.bsky.social · 17h

“But behind the scenes, the top Republican leaders agree that the subsidies have to be extended going into a midterm election year.” www.politico.com/news/2025/10...

Trump's off-script comments cause shutdown headaches for GOP

President Donald Trump, Speaker Mike Johnson and Senate Majority Leader John Thune are straining to project a united front against Democrats.

www.politico.com

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Conor Sen @conorsen.bsky.social · 17h

Mortgage purchase apps are off the lows but it’s clear we’ll need rates much lower to drive transaction volume meaningfully higher:

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Conor Sen @conorsen.bsky.social · 1d

“Proving conscientiousness and determination over a prolonged period of time” is itself a valuable skill.

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Reposted by Conor Sen

Roger Cormier @yayroger.bsky.social · 1d

He is now wearing a Dump Here 62 shirt.

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Reposted by Conor Sen

Meg Rowley @megrowler.fangraphs.com · 1d

hand to god, he then took this shirt off to reveal a "Dump 62 Here" shirt underneath

Roger Cormier @yayroger.bsky.social · 1d

A gentleman with a "Dump Here 61" shirt caught the Raleigh home run (on a bounce.)

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