Cape May Dave - proud vermin
@capemaydave.bsky.social
Born in the 60s. Cornell. Physics/Philosophy major. retired Wall St. derivatives trader. A guy who believes the US experiment in self-government is a less than 50/50 proposition going forward, but will die on that hill. #231273
Pinned
As @timothysnyder.bsky.social suggests - the fight against the coming fascism will be personal.
If you are not in the targeted groups, talk to those you know who are.
Let them know you are on their side.
Give them your cell #
Help them prepare.
If you are not in the targeted groups, talk to those you know who are.
Let them know you are on their side.
Give them your cell #
Help them prepare.
“The dominant feeling is that this reign of terror can hardly last long, but that its fall will bury us.”
― Victor Klemperer
― Victor Klemperer
January 13, 2026 at 1:06 PM
“The dominant feeling is that this reign of terror can hardly last long, but that its fall will bury us.”
― Victor Klemperer
― Victor Klemperer
#EconSky
THE debtor nation on the planet threatening capital controls was NOT on my 2026 bingo card.
THE debtor nation on the planet threatening capital controls was NOT on my 2026 bingo card.
Bessent: "For individuals who want to wire money out of the country, they're gonna have to tick a box whether they are or are not on public assistance. Then we're going to start pushing over the coming days and weeks that if you're on public assistance, you cannot wire money out of the country."
January 12, 2026 at 8:13 PM
#EconSky
THE debtor nation on the planet threatening capital controls was NOT on my 2026 bingo card.
THE debtor nation on the planet threatening capital controls was NOT on my 2026 bingo card.
January 11, 2026 at 4:42 PM
January 9, 2026 at 6:26 PM
And all of this anguish inflicted willfully in order to let the centimillionaires and above live more wealthy lives.
This is so tragic.
This is so tragic.
January 5, 2026 at 5:24 PM
And all of this anguish inflicted willfully in order to let the centimillionaires and above live more wealthy lives.
This is so tragic.
This is so tragic.
One can "freeze" right on Mitch without going wrong.
January 2, 2026 at 10:25 PM
One can "freeze" right on Mitch without going wrong.
Nothing says "genius" like ensuring the famously isolationist United States goes to war with virtually no reservation.
January 1, 2026 at 4:50 PM
Nothing says "genius" like ensuring the famously isolationist United States goes to war with virtually no reservation.
I quite certain Elon couldn't explain the phrase "good faith" without a self-reference if he was given 10 tries.
This also works more generally for racists and misogynists.
All their complaints degenerate to "I'm great and you all suck for not noticing how great I am."
This also works more generally for racists and misogynists.
All their complaints degenerate to "I'm great and you all suck for not noticing how great I am."
I’m starting to suspect Elon is not operating in good faith
December 30, 2025 at 8:37 PM
I quite certain Elon couldn't explain the phrase "good faith" without a self-reference if he was given 10 tries.
This also works more generally for racists and misogynists.
All their complaints degenerate to "I'm great and you all suck for not noticing how great I am."
This also works more generally for racists and misogynists.
All their complaints degenerate to "I'm great and you all suck for not noticing how great I am."
#skystorians
Pondering delegitimizing gov't for some reason and I found
Robert Darnton.
What a treasure trove detailing the underground movement of literature that upended the House of Bourbon and created the French Republic.
Fascinating.
archive.org/details/lite...
Pondering delegitimizing gov't for some reason and I found
Robert Darnton.
What a treasure trove detailing the underground movement of literature that upended the House of Bourbon and created the French Republic.
Fascinating.
archive.org/details/lite...
The literary underground of the Old Regime : Darnton, Robert : Free Download, Borrow, and Streaming : Internet Archive
Includes bibliographical references and index
archive.org
December 29, 2025 at 1:21 PM
#skystorians
Pondering delegitimizing gov't for some reason and I found
Robert Darnton.
What a treasure trove detailing the underground movement of literature that upended the House of Bourbon and created the French Republic.
Fascinating.
archive.org/details/lite...
Pondering delegitimizing gov't for some reason and I found
Robert Darnton.
What a treasure trove detailing the underground movement of literature that upended the House of Bourbon and created the French Republic.
Fascinating.
archive.org/details/lite...
#EconSky
Rent seeking is killing our amazingly vibrant economy and how strong it must be underneath to survive
Years from now when researcher access down to individual accounts is allowed so much will be learned about internal flow of funds.
Let hope we are doing the studying and not China 😬
Rent seeking is killing our amazingly vibrant economy and how strong it must be underneath to survive
Years from now when researcher access down to individual accounts is allowed so much will be learned about internal flow of funds.
Let hope we are doing the studying and not China 😬
My issue is that everyone wants legislation and assumes it will just all work. It won’t. Too many vested interests. Too much need for AI to make it all work, which will scare people and make them question it more.
If you have a written path to get from here to them. Just email it to me
If you have a written path to get from here to them. Just email it to me
December 25, 2025 at 10:31 PM
#EconSky
Rent seeking is killing our amazingly vibrant economy and how strong it must be underneath to survive
Years from now when researcher access down to individual accounts is allowed so much will be learned about internal flow of funds.
Let hope we are doing the studying and not China 😬
Rent seeking is killing our amazingly vibrant economy and how strong it must be underneath to survive
Years from now when researcher access down to individual accounts is allowed so much will be learned about internal flow of funds.
Let hope we are doing the studying and not China 😬
A good part of the reason I can't deal with the Bulwark crowd is the failure to say, "The very people we put in office are, by and large, the people who facilitated the takeover of our country by fascists."
They still want to be "conservative."
They want the fig leaf.
Fuck that.
They still want to be "conservative."
They want the fig leaf.
Fuck that.
December 20, 2025 at 8:20 PM
A good part of the reason I can't deal with the Bulwark crowd is the failure to say, "The very people we put in office are, by and large, the people who facilitated the takeover of our country by fascists."
They still want to be "conservative."
They want the fig leaf.
Fuck that.
They still want to be "conservative."
They want the fig leaf.
Fuck that.
#EconSky
Economic growth is a function of two "P"s - population and productivity.
"It [US population] will be smaller and grow more slowly over the next 30 years, on average, than the agency previously projected it would."
If #AI isn't a productivity boom, we crash.
www.cbo.gov/publication/...
Economic growth is a function of two "P"s - population and productivity.
"It [US population] will be smaller and grow more slowly over the next 30 years, on average, than the agency previously projected it would."
If #AI isn't a productivity boom, we crash.
www.cbo.gov/publication/...
www.cbo.gov
December 18, 2025 at 1:02 PM
#EconSky
Economic growth is a function of two "P"s - population and productivity.
"It [US population] will be smaller and grow more slowly over the next 30 years, on average, than the agency previously projected it would."
If #AI isn't a productivity boom, we crash.
www.cbo.gov/publication/...
Economic growth is a function of two "P"s - population and productivity.
"It [US population] will be smaller and grow more slowly over the next 30 years, on average, than the agency previously projected it would."
If #AI isn't a productivity boom, we crash.
www.cbo.gov/publication/...
I was sure he was gonna go with the "good people on both sides" bit ... obviously his handlers told him to soften the message 🙃
December 15, 2025 at 12:02 AM
I was sure he was gonna go with the "good people on both sides" bit ... obviously his handlers told him to soften the message 🙃
What actor’s facial expression in a movie/TV show will stay with you for the rest of your life?
December 13, 2025 at 1:30 PM
What actor’s facial expression in a movie/TV show will stay with you for the rest of your life?
#EconSky
As of Dec. 11, US debt has increased by $712B since Oct. 1.
Next week the Treasury will auction $275B (much of this is a rollover)
.
It's pretty crowded out there, no?
www.treasurydirect.gov/auctions/upc...
As of Dec. 11, US debt has increased by $712B since Oct. 1.
Next week the Treasury will auction $275B (much of this is a rollover)
.
It's pretty crowded out there, no?
www.treasurydirect.gov/auctions/upc...
Upcoming Auctions — TreasuryDirect
Whether you are participating in an auction, tracking its results, conducting research, or simply exploring how you can take advantage of U.S. Treasury marketable securities, we invite you to explore this site.
www.treasurydirect.gov
December 13, 2025 at 1:21 PM
#EconSky
As of Dec. 11, US debt has increased by $712B since Oct. 1.
Next week the Treasury will auction $275B (much of this is a rollover)
.
It's pretty crowded out there, no?
www.treasurydirect.gov/auctions/upc...
As of Dec. 11, US debt has increased by $712B since Oct. 1.
Next week the Treasury will auction $275B (much of this is a rollover)
.
It's pretty crowded out there, no?
www.treasurydirect.gov/auctions/upc...
#EconSky
The historically correct answer to this question: we wait for a crisis that upends oligarchic control of the government and implement.
Unfortunately the crisis will have to be very painful but I have faith in the current administration to provide exactly that.
Buckle up.
The historically correct answer to this question: we wait for a crisis that upends oligarchic control of the government and implement.
Unfortunately the crisis will have to be very painful but I have faith in the current administration to provide exactly that.
Buckle up.
Almost all of them switched decades ago or longer. Tell me how we are going to move from where we are today , to where you want to go ?
Saying you want it is easy. All I'm asking is how are we going to get there ?
If Bernie's M4A passed under Biden, RFK jr would be running M4A today.
Saying you want it is easy. All I'm asking is how are we going to get there ?
If Bernie's M4A passed under Biden, RFK jr would be running M4A today.
Every other country does it, Mark. It's not some vague thought experiment.
Lots of ways it can be imperfect, of course, but it fundamentally gives everyone access to healthcare without fear of bankruptcy.
Lots of ways it can be imperfect, of course, but it fundamentally gives everyone access to healthcare without fear of bankruptcy.
December 12, 2025 at 10:26 AM
#EconSky
The historically correct answer to this question: we wait for a crisis that upends oligarchic control of the government and implement.
Unfortunately the crisis will have to be very painful but I have faith in the current administration to provide exactly that.
Buckle up.
The historically correct answer to this question: we wait for a crisis that upends oligarchic control of the government and implement.
Unfortunately the crisis will have to be very painful but I have faith in the current administration to provide exactly that.
Buckle up.
#EconSky
C'mon @mcuban.bsky.social . You know pharma is a rent seeking enterprise which is why you started your pharma venture. To your great credit.
There's a $B100s ANNUAL industry of rent seekers in health care.
YOU know this could be run more efficiently.
It's the politics that sucks.
C'mon @mcuban.bsky.social . You know pharma is a rent seeking enterprise which is why you started your pharma venture. To your great credit.
There's a $B100s ANNUAL industry of rent seekers in health care.
YOU know this could be run more efficiently.
It's the politics that sucks.
Are you ok with rich people having access to the most expensive doctors and hospitals and you don't because the gov won't pay for it or they opted out of the Universal care program ?
Do you think it's right for doctors and nurses to only work for what they think is a living wage ?
Do you think it's right for doctors and nurses to only work for what they think is a living wage ?
December 11, 2025 at 10:53 PM
#EconSky
C'mon @mcuban.bsky.social . You know pharma is a rent seeking enterprise which is why you started your pharma venture. To your great credit.
There's a $B100s ANNUAL industry of rent seekers in health care.
YOU know this could be run more efficiently.
It's the politics that sucks.
C'mon @mcuban.bsky.social . You know pharma is a rent seeking enterprise which is why you started your pharma venture. To your great credit.
There's a $B100s ANNUAL industry of rent seekers in health care.
YOU know this could be run more efficiently.
It's the politics that sucks.
Hannah Arendt argued that the goal of the Authoritarians is to destroy the line between truth and lies.
I agree.
But for those who still seek truth, the willingness of the many to wallow in deception is...disheartening.
I agree.
But for those who still seek truth, the willingness of the many to wallow in deception is...disheartening.
TRUMP: *calls Somalis "garbage"*
OMAR: The president is a bigot
NEWSMAX:
OMAR: The president is a bigot
NEWSMAX:
December 7, 2025 at 6:56 PM
Hannah Arendt argued that the goal of the Authoritarians is to destroy the line between truth and lies.
I agree.
But for those who still seek truth, the willingness of the many to wallow in deception is...disheartening.
I agree.
But for those who still seek truth, the willingness of the many to wallow in deception is...disheartening.
#EconSky
Gillian Tett begs a great question, "what causes inflation?"
Money supply advocates lean on David Hume.
Hume's view, though, involved doubling everyone's money NOT the money supply.
And I suspect the flow matters. Covid checks were inflationary.
Bank bailouts in 2008/9 weren't.
Gillian Tett begs a great question, "what causes inflation?"
Money supply advocates lean on David Hume.
Hume's view, though, involved doubling everyone's money NOT the money supply.
And I suspect the flow matters. Covid checks were inflationary.
Bank bailouts in 2008/9 weren't.
“Central banks no longer have a theory of inflation,” Mervyn King recently told a Harvard seminar. “The current popular characteristic of inflation targets is totally different from [their] original purpose.”
There’s a black hole where central banks’ theory of inflation should be
Old assumptions about expectations and targets can no longer be relied upon
www.ft.com
December 6, 2025 at 5:43 PM
#EconSky
Gillian Tett begs a great question, "what causes inflation?"
Money supply advocates lean on David Hume.
Hume's view, though, involved doubling everyone's money NOT the money supply.
And I suspect the flow matters. Covid checks were inflationary.
Bank bailouts in 2008/9 weren't.
Gillian Tett begs a great question, "what causes inflation?"
Money supply advocates lean on David Hume.
Hume's view, though, involved doubling everyone's money NOT the money supply.
And I suspect the flow matters. Covid checks were inflationary.
Bank bailouts in 2008/9 weren't.
#EconSky
@hcrichardson.bsky.social Letters looks at the new National Security Strategy of the US.
Dripping with White Supremacy, this document proclaims the end of the US protected global trading system.
Why other nations should send their surpluses to the US under these conditions eludes me.
@hcrichardson.bsky.social Letters looks at the new National Security Strategy of the US.
Dripping with White Supremacy, this document proclaims the end of the US protected global trading system.
Why other nations should send their surpluses to the US under these conditions eludes me.
December 6, 2025 at 4:57 PM
#EconSky
@hcrichardson.bsky.social Letters looks at the new National Security Strategy of the US.
Dripping with White Supremacy, this document proclaims the end of the US protected global trading system.
Why other nations should send their surpluses to the US under these conditions eludes me.
@hcrichardson.bsky.social Letters looks at the new National Security Strategy of the US.
Dripping with White Supremacy, this document proclaims the end of the US protected global trading system.
Why other nations should send their surpluses to the US under these conditions eludes me.
#EconSky
If I was trying to keep a price of any security near current levels I would sell volatility - in other words, I would sell options.
This forces option market makers to delta hedge the underlying which keeps prices near current strikes.
This works until a shock hits the market.
If I was trying to keep a price of any security near current levels I would sell volatility - in other words, I would sell options.
This forces option market makers to delta hedge the underlying which keeps prices near current strikes.
This works until a shock hits the market.
December 5, 2025 at 8:13 PM
#EconSky
If I was trying to keep a price of any security near current levels I would sell volatility - in other words, I would sell options.
This forces option market makers to delta hedge the underlying which keeps prices near current strikes.
This works until a shock hits the market.
If I was trying to keep a price of any security near current levels I would sell volatility - in other words, I would sell options.
This forces option market makers to delta hedge the underlying which keeps prices near current strikes.
This works until a shock hits the market.
"The version of events Bradley is expected to deliver would rebut claims by legal experts that the killing of the two survivors could have constituted a war crime."
It took 4 shots, btw, to sink that boat and any proof.
Tangled webs indeed.
www.emptywheel.net/2025/12/03/f...
It took 4 shots, btw, to sink that boat and any proof.
Tangled webs indeed.
www.emptywheel.net/2025/12/03/f...
December 4, 2025 at 11:14 AM
"The version of events Bradley is expected to deliver would rebut claims by legal experts that the killing of the two survivors could have constituted a war crime."
It took 4 shots, btw, to sink that boat and any proof.
Tangled webs indeed.
www.emptywheel.net/2025/12/03/f...
It took 4 shots, btw, to sink that boat and any proof.
Tangled webs indeed.
www.emptywheel.net/2025/12/03/f...
Nuzzi rulez.
American Canto is THE snapshot of America's decline into self absorption. Trump is POTUS and Nuzzi has captured this moment for our times about our times.
It's painful to read, a perfect reflection.
Who else would dare to bravely mix California fires, sex, Dante, and Ezra Pound?
American Canto is THE snapshot of America's decline into self absorption. Trump is POTUS and Nuzzi has captured this moment for our times about our times.
It's painful to read, a perfect reflection.
Who else would dare to bravely mix California fires, sex, Dante, and Ezra Pound?
Olivia Nuzzi: "[RFK Jr.] was telling me privately that, in fact, he was not sober and he was hiding it not just from the public, but from his own wife."
@timmiller.bsky.social: "You mentioned DMT…Is he doing ketamine?" lnk.thebulwark.com/4ozkaz8?utm_...
@timmiller.bsky.social: "You mentioned DMT…Is he doing ketamine?" lnk.thebulwark.com/4ozkaz8?utm_...
December 3, 2025 at 10:16 PM
Nuzzi rulez.
American Canto is THE snapshot of America's decline into self absorption. Trump is POTUS and Nuzzi has captured this moment for our times about our times.
It's painful to read, a perfect reflection.
Who else would dare to bravely mix California fires, sex, Dante, and Ezra Pound?
American Canto is THE snapshot of America's decline into self absorption. Trump is POTUS and Nuzzi has captured this moment for our times about our times.
It's painful to read, a perfect reflection.
Who else would dare to bravely mix California fires, sex, Dante, and Ezra Pound?