@depillnl.bsky.social
Reposted
What is the "crypto industry"?
Like, what does it produce?
Like, what does it produce?
February 6, 2026 at 1:58 PM
What is the "crypto industry"?
Like, what does it produce?
Like, what does it produce?
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This guy actually fully get it
February 5, 2026 at 8:12 PM
This guy actually fully get it
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This is the perfect set-up for crypto:
-Faith in the system is falling
-Pro-crypto admin
-Dollar is falling
-Fed independence in question
And yet...investors seem to still prefer physical gold to digital gold
I wouldn't have guessed this would be the case
Score one for the goldbugs
-Faith in the system is falling
-Pro-crypto admin
-Dollar is falling
-Fed independence in question
And yet...investors seem to still prefer physical gold to digital gold
I wouldn't have guessed this would be the case
Score one for the goldbugs
January 28, 2026 at 1:49 PM
This is the perfect set-up for crypto:
-Faith in the system is falling
-Pro-crypto admin
-Dollar is falling
-Fed independence in question
And yet...investors seem to still prefer physical gold to digital gold
I wouldn't have guessed this would be the case
Score one for the goldbugs
-Faith in the system is falling
-Pro-crypto admin
-Dollar is falling
-Fed independence in question
And yet...investors seem to still prefer physical gold to digital gold
I wouldn't have guessed this would be the case
Score one for the goldbugs
Reposted
It's annoying that we already had so many existing problems to solve before these assholes created a bunch of new ones for no reason
January 23, 2026 at 3:06 AM
It's annoying that we already had so many existing problems to solve before these assholes created a bunch of new ones for no reason
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Some perspective: The S&P opened down -1.3% on Trump's Greenland saber-rattling. That's $750 billion of wealth destroyed -- roughly equal to estimates of the value of Greenland.
And so ~in dollar terms~ his shenanigans have already cost the US one Greenland, and we've got nothing to show for it.
And so ~in dollar terms~ his shenanigans have already cost the US one Greenland, and we've got nothing to show for it.
January 20, 2026 at 2:48 PM
Some perspective: The S&P opened down -1.3% on Trump's Greenland saber-rattling. That's $750 billion of wealth destroyed -- roughly equal to estimates of the value of Greenland.
And so ~in dollar terms~ his shenanigans have already cost the US one Greenland, and we've got nothing to show for it.
And so ~in dollar terms~ his shenanigans have already cost the US one Greenland, and we've got nothing to show for it.
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Fed's Kashkari: Crypto is basically useless for consumers.
January 14, 2026 at 5:37 PM
Fed's Kashkari: Crypto is basically useless for consumers.
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This is Ranger. He has picked you as the chosen one for this dinner party. Or as he calls it, the weakest link. 13/10 an honor (TT: sunnycorina)
December 17, 2025 at 7:02 PM
This is Ranger. He has picked you as the chosen one for this dinner party. Or as he calls it, the weakest link. 13/10 an honor (TT: sunnycorina)
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George Harrison releases “My Sweet Lord” 55 years ago today.
“I’ve met so many listeners across the years who said it made them feel peaceful for 3 minutes,” he said. “It made spirituality feel like something you could sing along to while driving a car or washing dishes. That’s all I ever wanted.”
“I’ve met so many listeners across the years who said it made them feel peaceful for 3 minutes,” he said. “It made spirituality feel like something you could sing along to while driving a car or washing dishes. That’s all I ever wanted.”
November 23, 2025 at 1:29 PM
George Harrison releases “My Sweet Lord” 55 years ago today.
“I’ve met so many listeners across the years who said it made them feel peaceful for 3 minutes,” he said. “It made spirituality feel like something you could sing along to while driving a car or washing dishes. That’s all I ever wanted.”
“I’ve met so many listeners across the years who said it made them feel peaceful for 3 minutes,” he said. “It made spirituality feel like something you could sing along to while driving a car or washing dishes. That’s all I ever wanted.”
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Pretty decent washout for the speculative stuff:
OPEN -34%
OKLO -42%
RGTI -54%
IONQ -39%
MSTR -57%
COIN -38%
QUBT -52%
OPEN -34%
OKLO -42%
RGTI -54%
IONQ -39%
MSTR -57%
COIN -38%
QUBT -52%
November 19, 2025 at 2:38 PM
Pretty decent washout for the speculative stuff:
OPEN -34%
OKLO -42%
RGTI -54%
IONQ -39%
MSTR -57%
COIN -38%
QUBT -52%
OPEN -34%
OKLO -42%
RGTI -54%
IONQ -39%
MSTR -57%
COIN -38%
QUBT -52%
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Bulls beat the Sixers in a game where Chicago held the lead for 3.2 total seconds.
6-1, first place in the East.
6-1, first place in the East.
November 5, 2025 at 3:32 AM
Bulls beat the Sixers in a game where Chicago held the lead for 3.2 total seconds.
6-1, first place in the East.
6-1, first place in the East.
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I'm ready to be hurt again.
Bulls are 4-0, blast it from the streets.
Bulls are 4-0, blast it from the streets.
October 30, 2025 at 2:38 AM
I'm ready to be hurt again.
Bulls are 4-0, blast it from the streets.
Bulls are 4-0, blast it from the streets.
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Oh, it's simple, the Boomers got their $10k college education and their $60k home then decided to pull up the ladders and rip up the roots of the American dream by putting in charge the worst people they could find, such as Ronald Reagan, George W. Bush, and Donald Trump.
Why Boomers Have More Money Than Everyone Else
New research shows a large and growing divergence in net worth between Americans over age 75 and those under 35.
www.bloomberg.com
August 25, 2025 at 3:15 PM
Oh, it's simple, the Boomers got their $10k college education and their $60k home then decided to pull up the ladders and rip up the roots of the American dream by putting in charge the worst people they could find, such as Ronald Reagan, George W. Bush, and Donald Trump.
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Somewhat related, from May to September Chicago might just be the best city in America.
July 1, 2025 at 2:33 AM
Somewhat related, from May to September Chicago might just be the best city in America.
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Hard to imagine a better city in the world than Chicago in June.
June 27, 2025 at 2:01 PM
Hard to imagine a better city in the world than Chicago in June.
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if a white sox fan with a direct connection to god can't kill jerry reinsdorf, religion is 100% confirmed fake
May 9, 2025 at 2:03 AM
if a white sox fan with a direct connection to god can't kill jerry reinsdorf, religion is 100% confirmed fake
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Graduation week around here ... Elizabeth walks across the stage Friday. I've written a lot about her through the years (more than she's wanted), but today's is probably the one that I personally think about the most, a little story about a car ride, fathers and daughters, and Death Cab for Cutie.
Someday You Will Be Loved
A Drive, a Song, and the Last Days of Childhood
www.joeposnanski.com
May 7, 2025 at 4:52 PM
Graduation week around here ... Elizabeth walks across the stage Friday. I've written a lot about her through the years (more than she's wanted), but today's is probably the one that I personally think about the most, a little story about a car ride, fathers and daughters, and Death Cab for Cutie.
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Evercore's Guha: "Market action Monday morning sends a clear signal risk to Fed independence is negative for all major US asset classes and provides a partial foretaste of what might come if President Trump ...were to actually try to fire Powell."
April 21, 2025 at 4:15 PM
Evercore's Guha: "Market action Monday morning sends a clear signal risk to Fed independence is negative for all major US asset classes and provides a partial foretaste of what might come if President Trump ...were to actually try to fire Powell."
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The fed can make a wrong call or be late or early and correct its mistake. The risk is a Fed subservient to the administration will fail to correct itself and keep rates low amid an inflationary threat. That means both dollars and bonds have to reflect more inherent inflationary risk.
April 21, 2025 at 11:45 AM
The fed can make a wrong call or be late or early and correct its mistake. The risk is a Fed subservient to the administration will fail to correct itself and keep rates low amid an inflationary threat. That means both dollars and bonds have to reflect more inherent inflationary risk.
Reposted
I think the president misunderstands the reason for Fed independence. It’s not about getting rates right at any specific time. It’s about the amount of long-term risk in markets from the fed getting it wrong over the long haul. The dollar and bonds both reflect less risk because of Fed independence.
April 21, 2025 at 11:45 AM
I think the president misunderstands the reason for Fed independence. It’s not about getting rates right at any specific time. It’s about the amount of long-term risk in markets from the fed getting it wrong over the long haul. The dollar and bonds both reflect less risk because of Fed independence.
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I imagine the treas tariffs were lower and bore some
resemblance to reality. Bessent, the treasury secretary, actually said on CNBC, “I wasn't involved in the calculations of the numbers…” So we get plans with no backup, no expert input or market feedback, no projections, no penguin exemptions. 2/3
resemblance to reality. Bessent, the treasury secretary, actually said on CNBC, “I wasn't involved in the calculations of the numbers…” So we get plans with no backup, no expert input or market feedback, no projections, no penguin exemptions. 2/3
April 11, 2025 at 4:01 PM
I imagine the treas tariffs were lower and bore some
resemblance to reality. Bessent, the treasury secretary, actually said on CNBC, “I wasn't involved in the calculations of the numbers…” So we get plans with no backup, no expert input or market feedback, no projections, no penguin exemptions. 2/3
resemblance to reality. Bessent, the treasury secretary, actually said on CNBC, “I wasn't involved in the calculations of the numbers…” So we get plans with no backup, no expert input or market feedback, no projections, no penguin exemptions. 2/3
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“Trust in Dear Leader” is not an economic policy. It’s a cult motto. 3/3
April 11, 2025 at 4:01 PM
“Trust in Dear Leader” is not an economic policy. It’s a cult motto. 3/3
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Markets hate uncertainty but they hate incompetence more. I think one of the most important stories in this debacle was Pres Trumps rejection of Treasury’s work on a reciprocal tariff plan and adoption of what I call the Penguin Formula, which made no sense. 1/3
April 11, 2025 at 4:01 PM
Markets hate uncertainty but they hate incompetence more. I think one of the most important stories in this debacle was Pres Trumps rejection of Treasury’s work on a reciprocal tariff plan and adoption of what I call the Penguin Formula, which made no sense. 1/3
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The economy is crashing, people's retirement accounts are being incinerated, recession fears are mounting, and Trump is at a golf tournament.
He could not give less of a shit about anyone other than himself.
He could not give less of a shit about anyone other than himself.
April 6, 2025 at 10:38 PM
The economy is crashing, people's retirement accounts are being incinerated, recession fears are mounting, and Trump is at a golf tournament.
He could not give less of a shit about anyone other than himself.
He could not give less of a shit about anyone other than himself.
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CNBC reacts right after Trump's "Liberation Day" tariff announcement: "And the market reaction after hours -- I’ve never seen anything like it. This -- I think, fair to say -- is worse than the worst-case scenario of the tariffs that many in the market expected the president to impose."
April 2, 2025 at 9:12 PM
CNBC reacts right after Trump's "Liberation Day" tariff announcement: "And the market reaction after hours -- I’ve never seen anything like it. This -- I think, fair to say -- is worse than the worst-case scenario of the tariffs that many in the market expected the president to impose."