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Vegas64

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  1. Warren was awesome and I was kinda shocked with Bannon too tbh and thought his story of how his father was radicalized by the GFC was super interesting. One of the key things that struck me about the GFC and The Big Short which is a product of its age…I had the idea that the Frontpoint and Michael Burry and all the guys made mega money like billionaire status stuff. I think the hedge fund only made like $700mm. The guys making the extreme bets only made in the 10’s of millions. Those numbers are striking and feel small, dare I say quaint, in the era of AI bubble where Chinese Americans are commanding $100mm contracts to work for Meta or OpenAI and billionaires are made with every funding round and in an era of trillion dollar companies and potentially trillion dollar IPO’s.
  2. Don’t worry about @Captainant he has a weird vendetta and sees ghosts when I post. It’s almost pathological.
  3. It’s not even my take you weirdo. Listen to the podcast— I linked it (which used to drive you batty when I’d forget). I’m just reporting the news here, not making it. And of course it does make sense as the tie that binds in their rise is popularity the distrust of the elites and the system of elites that play under more favorable rules than the rest of us and the anger at the likes of Wall St., billionaires, etc. Classic horseshoe theory stuff.
  4. Against the Rules: The Big Short Companion Pushkin Industries Michael Lewis’s best-selling book The Big Short is now 15 years old. The Oscar-winning movie based on it came out a decade ago. To mark the occasion, Lewis has narrated a new audiobook of The Big Short. Here on his podcast, he and co-host Lidia Jean Kott are thinking about the legacy of the book, the movie, and the financial crisis of 2008. Michael catches up with the director of the movie, Adam McKay, as well as some of the real-life characters depicted by the likes of Ryan Gosling, Steve Carell and Jeremy Strong. He also calls up journalists, economists, and historians to make sense of the 2008 financial crisis and to understand how it still affects the world today. Get your copy of The Big Short audiobook, narrated by Michael Lewis, on Audible, Spotify, Apple Books, pushkin.fm/bigshort or wherever you get audiobooks. iHeartMedia is the exclusive podcast partner of Pushkin Industries. Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/against-the-rules-the-big-short-companion/id1455379351
  5. The polygamy joke is hilarious
  6. Ehhhhhhh……..okay. Sure. I’ll buy all that I guess. What is VERY interesting to me (and I almost posted in Trump’s Economy thread but will post here because you are both interesting and mentioned GFC) I recently binged a podcast on a companion series/lookback of the GFC through the lens of The Big Short (hosted by Michael Lewis) and there have been a few things of interest that were “posited”, I’ll call it. - The GFC is directly responsible for cryptocurrency/ BTC - The GFC is directly responsible for the rise of private credit / hedge funds/ pod shops / PE’s rise to supreme power in finance (which will also likely come to a crisis) - Politically speaking, Obama / Obama administration’s lack of jail time as a punishment for anyone can directly be tied to a) the rise of the tea party b) the rise of outrage / anger as the national political currency that we still trade with to win and c) the of MAGA/Democratic Socialism and the death knell of classical neoliberalism centrism The last episode is going to be an interview with both Elizabeth Warren and Steve Bannon because it is argued neither would have existed in the way they did and have without the GFC. It was their catalyst. All this hindsight and autopsy interest because Michael Burry came out of hiding, shut down his HF and started a new career as a newsletter influencer with a substack, it seems. That and Andrew Ross Sorkin (of TBTF fame) has come out with a book on 1929 and we are in a time where a GFC2.0 seems like it’s a few years away at best. Anyways 10/10 do recommend.
  7. It's not a way, but the way (at least as it was described by early Christians before the term Christian was....Christened? Say that 3 times fast.) Also my quote was directly from the Book of James as well, so unsure if you thought I disagreed?
  8. There are 162 pages here (do we have a Surly AI who can summarize for us this stuff @immamac) but I was listening to a podcast talking about in 2022 you had folks saying that our inflation was transitory inflation and that we are all idiots to worry about covid bail outs and inflation and how wildly wrong as we look back almost 4 years from then. I wonder which of us were those posters banging that drum.
  9. This is such a nightmare for Hollywood no matter what happens. A spiraling death fall of an unsustainable business model. On one hand, you have Netflix who sucks and is going to eat up all the studios and content and continue the enshiffiction of media and content and few will be able to make meaningful livings in Hollywood. On the other hand you have Oracle and Kushner and MBS getting a studio as long as they promise Trump CNN will be more flattering to him. Crossposting:
  10. I think the Hollywood "system" or "model" or whatever entertainment and media industry norms and understandings we've had for the last 125 years is untenable. And Disney is smart (an analytics and data company cosplaying as a media company) and sees the writing on the wall. This coupled with the Netflix acquistion of WB when/if it goes through, there just isn't much to look forward to in that world.
  11. Not cats. Birds. Rev 19:21 And the rest were slain by the sword that came from the mouth of him who was sitting on the horse, and all the birds were gorged with their flesh.
  12. It's no wonder then, that the concept of charity in society began with the church and not government. Dear friends, do you think you’ll get anywhere in this if you learn all the right words but never do anything? Does merely talking about faith indicate that a person really has it? For instance, you come upon an old friend dressed in rags and half-starved and say, “Good morning, friend! Be clothed in Christ! Be filled with the Holy Spirit!” and walk off without providing so much as a coat or a cup of soup—where does that get you? Isn’t it obvious that God-talk without God-acts is outrageous nonsense?
  13. But I also read a pretty interesting analysis for why this seizure was a foreign relations double-whammy, which I think is kinda good international police work, Lou:
  14. Interesting choice of cover:
  15. Everyone in the Ukraine war thread "I think I’m willing to overlook a little corruption if..." Not a knock, just saying it's pragmatic and practical and I agree with you 100%. Gotta play the game that is on the field, not the one dreamed up in practice.
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