Lyn Alden

Bessent is giving long end yields the Streisand effect so much right now. The bond market was acting pretty normally, Bessent keeps coming out with all sorts of unscheduled interventions and remarks, and his former boss Druck is using AI to write his disapproval of the whole affair in WSJ. What a weird timeline.

Ironically my most successful job interview ever was the one I was least prepared for. It was last minute, basically no chance to get it, and I dropped all pretense and was just brutally honest and chill. Got the job.

https://t.co/DXamHstGPg

Powerful chart.

Orange Juice is hiring an investment associate. The position comes with a lot of upward potential as well. 🍊👇

While everyone freaks out about bond yields and "losing the long end", the funny thing is that the yield curve isn't even steep. Whether you look at the 10-2 or 30-5 or 30 versus cash/Tbills, long bonds just aren't paying enough extra yield to entice buyers. https://t.co/M6N8ClJqsU

The impacts of Treasury buybacks are often overstated/sensationalized, but the signal here is that Bessent = Yellen. *Everyone* who comes into power blinks once they encounter the fiscal train. Doesn't matter what they said before. https://t.co/v1uaXBNj6n

One must imagine Sisyphus happy.

https://t.co/UcaEXs6iSC

https://t.co/ep3Cur4tjN

People are saying. https://t.co/XmQiA1jRiI

https://t.co/lBvDzJSNv9

For those confused why Vance would think this, read chapter 13 of Broken Money. The chapter is free here: https://t.co/Q7rAHD3U0y

In The Stolguard Incident, the setting is such that 1) surveillance gathering kept increasing for decades until 2) a catastrophic databreach occurred at such a scale that people actually put in some protections against it, rolling it part-way back. https://t.co/BmKdb71PzJ

@jameslavish @CorySwan @Swan @LawrenceLepard @1MarkMoss @FossGregfoss @LukeGromen @FormerDrJeff @dgt10011 *Warsh

The setting sun over the Nile delta today had a particularly neat color/crispness to it. https://t.co/BYVIq1Q495

While individual months are noisy, one thing remains true. Nothing stops this train. 👇

Good thing the deficit isn’t derived by taking a particularly bad month and multiplying it by 12.

Where the Nile meets the sea. https://t.co/FonEVV7VjW This pigeon comes here everyday to contemplate the meaning of life. We’ve become good friends. https://t.co/Zb4SeUd1gr

😏 https://t.co/3d6rGqTjPL

Your attention is a valuable resource. Some people try to change your mind on a topic. But the easier method is to convince you to re-arrange your attention without changing your mind on any topic. Just get you to hyper-focus on one, and de-emphasize another.

@Bongo_King1 For those who thought the fork would succeed only to realize how little support it had, we covered this in our BCAP paper a couple years back. Influencers can distort the perceived popularity of a fork until the numbers hit. https://t.co/SPMwgcb8X9 https://t.co/5Yl95jAJuh

https://t.co/0IDqlHfr67

What’s really going to bake your noodle later on, is realizing that rate hikes are not nearly as effective at dealing with deficit-driven inflation as they are at dealing with lending-driven inflation.

A few common macro posts that come up over and over on this platform that you can mostly ignore. 1) “The Fed injected [X billion]…” That’s usually the Fed recycling their maturing securities back into more of the same securities. Or the Fed doing some repo activity, adding a tiny bit of liquidity that comes back out the next day. This year, the Fed is growing their balance sheet very slowly. 2) “The Treasury bought back [X0 billion] of government bonds…” The Treasury performing buybacks on its own debt is interesting because the deepest, most liquid capital market in the world shouldn’t need the issuer assisting with liquidity. And they c…

So the longest total eclipse on land in modern history is going to occur over the Valley of the Kings next year. That’s gotta be when the mummy wakes up, right? Since the 2020s haven’t been wild enough yet. He’s already stirring.

@GrassFedBitcoin @youngelonbtc @natbrunell Bitcoin Mechanic blocked me after this exchange, btw. I've always been cordial, even met him in person more than once over the years. People who have ideas to spread shouldn't be so fearful like this, imo. https://t.co/FQIv0N2DYC

Wait, you're telling me that running $2 trillion deficits, introducing new taxes on goods, and starting a fresh war in the Middle East, has not been effective at getting the cost of living down?

@chaunceybeing @Geiger_Capital Yeah, in his 30s.

@walitysch1 @Puncher522 I’m not referring to Orange Juice. I’ve worked at a bitcoin venture fund for years, funding bitcoin-native startups. (And giving to nonprofits that help build privacy/freedom tech, too.) Private payment systems, Lightning infrastructure, wallets, bitcoin brokerages that serve as an alternative to multi-crypto casinos, etc. https://t.co/WTTceA4V2Y