Lou Mannheim
@loumannheim87.bsky.social
940 followers 1.1K following 1.8K posts
Chief investment officer. Former sell-side, former buy-side. "Stick to the fundamentals, that's how IBM and Hilton were built."
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Bari Weiss booked Jared and Witkoff to take a victory lap. Gonna be awkward after todays' news.
Kids in NY get free breakfast and lunch too. You're not the only people to have thought of that. The point of the post (if you even listened to it) was that rent controls will not fix the housing shortage. They will actually make it worse.
I recently had a convo with the CEO of one of the two large food pantry nonprofits in NYC. I asked her if either candidate had been a better friend to them. The CEO said, "When Cuomo was governor, he started the Nourish program. It helped us quite a bit." agriculture.ny.gov/NourishNY
Nourish New York
Nourish New York reroutes surplus agricultural products to populations who need them most through NY's network of food banks.
agriculture.ny.gov
Dear fellow New Yorkers. You may not love cuomo. He's not my first choice either. But these guys have it right.
Mark Cuban: "Kids don’t like capitalism" and blamed social media "rage bait" for it.

Then he and Andrew Ross Sorkin said promises like Zohran Mamdani's, "free housing, free transportation, cheaper groceries" sound good but don’t work: "People are going to be in for a surprise."
Reposted by Lou Mannheim
Mark Cuban: "Kids don’t like capitalism" and blamed social media "rage bait" for it.

Then he and Andrew Ross Sorkin said promises like Zohran Mamdani's, "free housing, free transportation, cheaper groceries" sound good but don’t work: "People are going to be in for a surprise."
Hahaha! That's exactly right. Lean in Vancey
New ghost in the cemetery this year
GS report. Lots of good tidbits in here. But I think these two charts are the punchline. 0.7%ish contribution to GDP growth from AI capex spend (forecasted). when GDP is expected to be 2% next year, that's not bad!
Morgan Stanely with takeaways from ORCL's investor day. Sounds like folks were under-whelmed with the near-term profit outlook
from the WSJ editorial board. I've agreed with them more in the past 8 months than in the last 30 years.
Wait til the Fed finds out that interest rates don't affect inflation anymore. That will be an interesting report.
Reposted by Lou Mannheim
GOLDMAN: “.. we are not concerned about the total amount of AI investment. AI investment as a share of US GDP is smaller today (<1%) than in prior large technology cycles.

“.. Furthermore, we estimate an $8tn present-discounted value for the capital revenue unlocked by AI productivity gains ..”
Oh seriously? Wow. What was the low? 105k or there abouts?
SPY bumping up against that 660 support level. Starting to get a bad feeling...
2yr just broke 3.5%. Big pysch barrier. New post-covid low.
Yeah. ZION and WAL seem to be the drivers. Bad loans due to fraud. But the decline is pretty widespread. Nearly every bank in the index is down 3-5%
What's going on? I dont see any obvious headline
Agreed. I wasn't worried about Jeffries' liquidity before. But I am now!
Oh shit! ... That's not good