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Government Spending Is Out of Control! LOL

The Big Picture

Let’s delve into a case in point of Coase’s theorem: If you wanted to peddle the narrative that government spending is out of control, you might present a chart like the one above, which is an exact replica of a chart that appeared recently in a piece of research from a major Wall St. investment firm. How can this be?

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America’s Enormous Math Mistake’s Mistake

The Big Picture

@TBPInvictus here; Let’s cut to the chase : A popular video on YouTube claims the poor are much less poor than the official statistics suggest because those statistics ignore government welfare programs like Food Stamps and Aid to Dependant Children and lots of other safety net programs. It is untrue. ” Was this ignorance?

Math 246
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Wednesday links: narrative fallacies

Abnormal Returns

Strategy On the strange math of stock returns. morningstar.com) The Texas Capital Government Money Market ETF ($MMKT) has launched. (fa-mag.com) fortunesandfrictions.com) Betting on smart beta has generally not worked out well for investors. morningstar.com) Companies Uber ($UBER) is making progress towards becoming a 'super-app.'

Math 267
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Sunday links: addressing existential challenges

Abnormal Returns

Strategy The math on the 60/40 portfolio looks a lot different than it did a year ago. theatlantic.com) Not every government in the world is getting older. awealthofcommonsense.com) There is a difference between picking and choosing. humbledollar.com) Companies Nvidia ($NVDA) has succeeded with a distributed workforce.

Math 264
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TikTokInvestors

The Big Picture

While the government debates whether or not to ban TikTok, investors should consider making some changes on various social media themselves. The Math Doesn’t Add Up ( Rolling Stone , January 24, 2024) How TikTok Is Wiring Gen Z’s Money Brain ( WSJ , May 4, 2024) _ 1. why didn’t I think of that?)

Media 337
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The Greatest Missed Opportunity of Our Lifetimes

The Big Picture

The US government? This goes back to Grover Norquists ‘ idea that the government should be made so small it could be “ drowned in a bathtub.” This is what happens to nations governed by 535 innumerate asshats… Previously : Time for a 50-Year U.S. They never bothered.

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Personal finance links: living in the future

Abnormal Returns

theirrelevantinvestor.com) Peter Lazaroff talks with Jesse Cramer about the math behind car ownership. thomaskopelman.com) Cash Not all government money market funds are created alike. Autos Ben Carlson and Michael Batnick talk with CarDealershipGuy about the state of the American car market. tonyisola.com) You can only plan so much.

Math 147