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kate10010.bsky.social
K
@kate10010.bsky.social
1.2K followers 850 following 2.2K posts
Founder / CEO of GFY Capital
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kate10010.bsky.social
Lol. Lmao even.
FOX 4 News @fox4dfw.bsky.social • 1h Republican Congressman Troy Nehls, whose district covers the majority of Fort Bend County, has announced that he wiil not be running for re-election in 2026. His twin brother Trever later shared his running for the seat.
November 29, 2025 at 10:10 PM
kate10010.bsky.social
Underrated part of this story! Both not surprising and mind blowing at the same time. Firing people who make like $50K a year means you can’t collect millions of dollars in entrance fees.
It is not clear what impact the price increases will have on visitation and revenue for the national parks. The parks have already lost millions of dollars this year because they lack the staff to operate entrances and collect visitor fees — including at some of the highly popular parks where the higher prices will apply.
November 26, 2025 at 5:14 PM
kate10010.bsky.social
New park pass design and I….
Rendering of new annual park pass with a pic/drawing of George Washington and Donald fucking Trump
November 26, 2025 at 4:34 AM
kate10010.bsky.social
I don’t have access to Barcap but I think it was this note getting published
Shares of cruise operators are falling sharply on Monday, with Carnival and Royal Caribbean among stocks hitting session lows. • Carnival falls as much as 6%, Royal Caribbean falls as much as 5.7%, Norwegian Cruise down 4.7% • Members of the investment community including Barclays analyst Brandt Montour made a ship visit to Carnival's AlDAdiva • "Management's general tone regarding nearer-term investor concerns, namely the US macro and elevated Caribbean capacity growth, leaned incrementally cautious," he writes in a note • Still, it wasn't "necessarily out of line with commentary from RCL last week on our group call or RCL's recent earnings update," he says • There was general acknowledgment that the recent step-up in Caribbean capacity represents some degree of headwind • "CCL's broader diversification,
November 25, 2025 at 12:58 AM
kate10010.bsky.social
Kind of underrated this dipshit’s “bring back civility on flights” happened the same week Trump pointed his sausage finger in a reporter’s face on Air Force One and said “Quiet Piggy”
November 24, 2025 at 1:38 AM
kate10010.bsky.social
Are they actually “working together”? No of course not. But Mamdani did say they were! Because they both have a shared purpose of serving New Yorkers 🫠
When asked about his comments that Trump is a despot with a fascist agenda, Mamdani said “I think both President Trump and I, we are very clear about our positions and our views. And what I really appreciate about the president is that the meeting that we had focused not on places of disagreement, whic there are many and also focused on the shared purpose that we have in serving New Yorkers.
November 22, 2025 at 5:47 PM
kate10010.bsky.social
I think you can attribute this to Mamdani.

Is it just standard politician speak and he ‘needed’ to be nice? Sure, maybe, but not seeing many people applying that lens to other politicians this year
Zohran Mamdani 00:08:01-00:08:10 (9 sec) We focused on that same cost of living and that's where I am really looking forward to delivering for New Yorkers in partnership with the president on the affordability agenda.
November 22, 2025 at 5:44 PM
kate10010.bsky.social
Yes, as indicated by 20% of respondents with income > $150K saying they’d spend more (even if that’s the case it’s not really an indicator of “food budget shortfall” IMO).

Similarity between “in poverty” to “moderate income” is pretty striking.
November 22, 2025 at 3:30 PM
kate10010.bsky.social
No, he did do it in his Gmail.
I never want to have any more uncomfortable money moments with you , I find it very distasteful. . SO to be clear, my terms are as follows. I will only work for the usual 40 million per year. It needs to be paid, 25 million upon signing an agreement . 5 million every 2 months thereafter for 6 months ie march may june. this can begin if i am able in January. I will immediately stop work , if the payment is not received. Mr. Epstein went on to propose one final year of work. "I think you should pay the 25m that you did not for this year," he wrote. "For next year its the same 40 m as always, paid 20 in jan and 20 in july, and then we are done." Over the course of 2016, Mr. Epstein ratcheted up the pressure to get paid. "As you often like to remind me- you've paid a great deal of money to date," he wrote that March. "That being said - If you want my involvement moving foward, I suggest you pay my regular I fee of 40 m."
November 15, 2025 at 7:23 PM
kate10010.bsky.social
Lots of headlines about US markets underperforming ROW by most in 15+ years but all of the underperformance happened in 1H. Dead heat since then.
Chart of Vanguard Total stock market etf vs Vanguard all world ex Us etf, almost exactly the same price appreciation in USD since 6/30. NB This doesn’t include dividends and VEU slightly higher yield than VTI, so has outperformed by approx 1%
November 14, 2025 at 10:36 PM
kate10010.bsky.social
They also hired an outside company to call me too (“Sodali”)

This is pretty funny
Reddit post Relentless QQQ proxy voting mail, showing 20 envelopes to same house
November 11, 2025 at 3:59 AM
kate10010.bsky.social
Anyway. I don’t think they’re telling the truth about “overwhelmingly in favor.” They’ve been calling me 2x per day for months.
Invesco QQQ is my best friend (phone log of them harassing me for a proxy vote)
November 11, 2025 at 3:48 AM
kate10010.bsky.social
So, Invesco (IVZ) is trying to change QQQ’s structure from a unit investment trust to an open ended fund (like most ETFs). The stock fell 9% intraday in Oct when they announced they didn’t have the votes and were delaying until Dec 5, before recovering.
Invesco has adjourned the special shareholder meeting for the Invesco QQQ Trust (QQQ) until December 5, 2025, after falling short of the votes needed to approve the ETF's proposed conversion from a unit investment trust (UIT) into a standard open-end fund. In a filing Friday, the firm said shareholder Carticipation has been strong and that votes cast are overwhelmingly in favor" of the proposals, but additional time is needec-lo reach the required totals. "This adjournment is typical for proposals like this," Invesco wrote, urging investors to vote by mail, phone, or online ahead of the new meeting date. If approved, the change would modernize the structure of one of the world's largest and most-traded ETFs, while allowing Invesco to collect investment-management fees and operate eQQ under the same framework as its other ETFs. Under its current UIT setup, Invesco serves only as sponsor and cannot recognize advisory fees or conduct certain portfolio operations such as securities lending or custom redemption baskets. The revamped structure would carry a 0.18% expense ratio, down slightly from QQQ's current 0.20%. On its July earnings call, Invesco said roughly 14 basis points of that would cover Nasdaq-100 licensing, administrative, custody, and marketing costs, while the remaining 4 basis points would flow through as incremental net revenue and adjusted operating income to Invesco.
November 11, 2025 at 3:48 AM
kate10010.bsky.social
I saw most progressives in favor of congestion pricing, but they came from the angle of “haha it’s so stupid to think this could possibly hurt even 1 poor person.” Which is the same problem.

There’s def a few poor people out there for whom congestion pricing sucks, and that has to be okay.
K @kate10010.bsky.social • 10mo I've become pro congestion pricing but it's pretty funny seeing people now averring that it's *impossible* that there are people who drive to Manhattan who will feel a real financial pinch, but also sure that this will in fact improve congestion. Friends, to get pro climate or progressive policies enacted you have* to accept that there will be trade offs, and some people may be worse off.
November 11, 2025 at 3:39 AM
kate10010.bsky.social
From JPM
With the government shutdown continuing and the Federal government postponing spending, the US Treasury General Account (TGA) at the Fed continues to build up (Figure 4). In turn, this has pushed reserves in the US banking system to below the $2.9tr mark (Figure 5), the very upper end of our reserve scarcity zone of $2.2tr-$2.9tr. As a reminder to our readers, we come up with a S2.2tr-$2.9tr reserve scarcity zone by extrapolating the experience of 2018/2019. The last time the US banking system faced reserve scarcity was during 2018/2019 when reserves entered a $1.5tr-S2tr. Since then the banking system has expanded by 46% which mechanically would imply a reserve scarcity range of $2.2tr-$2.9tr. Indeed, with reserves exiting abundant territory, there is some evidence of "stress" in various funding market spreads. The SOFR spread to IORB (interest on reserve balances) and the corresponding spread to TGCR (tri-par-ty general collateral rate which the Fed seems to have pri-oritised as a cleaner read on liquidity in secured markets) | have both risen more notably over the past couple of weeks (Figure 6 and Figure 7). That said, unsecured market rates saw much less of a change in recent weeks, suggesting that we are still some way from the reserve scarcity backdrop of 2018/2019 (Figure 8 and Figure 9). With the Fed's QT continuing till the end of this month, the current tightening backdrop in reserves and thus in banking sector liquidity is likely to persist against a backdrop of a still elevated TGA balance close to $1tr, at least as long as the government shutdown continues. Once the government shutdown ends, the decline in TGA would push reserves back to above $3tr, i.e. back to more abundant reserves territory. • Does this tightening backdrop have implications for broader financial markets outside US money markets? We do not think so unless we shift to a more persistent and deeper reserve tightening backdrop such as that seen during 2018/2019. In this scenario, those banks facing persistent liquidity pressures could restrict lending and thus hurt the economy and broader financial markets. In the absence of a more persistent and deeper liquidity tighten-ing, a temporary banking sector liquidity tightening is unlikely to hurt broader financial markets. This is especially true as broad liquidity, i.e. the liquidity for nonbank sectors, continues to expand strongly.
November 8, 2025 at 7:15 PM
kate10010.bsky.social
Torsten chart Thursday was on this and money market rates
Apollo chart on bank reserves and IORB and TCGR spreads
November 8, 2025 at 7:13 PM
kate10010.bsky.social
Realest depiction of a trading floor
From 25th hour DO THE LADIES EVER TELLYOU THAT YOU LOOK LIKE A F'@KING OPTICAL ILLUSION?
November 6, 2025 at 2:43 PM
kate10010.bsky.social
Helen Andrews, I’ll gladly say directly to your face you’re a stupid asshole. I’ll look you straight in the eye and tell you you’re a waste of oxygen. Then I’ll shove you in the locker I already stuffed Ross in.
Two fcking idiots Douthat: So for both of you, what is toxic femininity? If there are distinctive masculine vices - I think we can concede that there are. There's a lot of talk about toxic masculinity. It's a regular subject of discussion. What are the feminine vices in that story? Andrews: Gossiping. Inability to deal with conflict directly and kind of suppressing conflict. An aversion to directness, which, naturally, in a workplace, is a big problem because you need to be able to give direct feedback to people, including negative feedback.
November 6, 2025 at 2:07 PM
kate10010.bsky.social
“Blueskyism” is pitching in to help people. $25K in a few hours! Please consider joining, or donating elsewhere :)
Dear K O, Thank you for making a donation to Friends of Alf.
November 3, 2025 at 2:06 AM
kate10010.bsky.social
As an example, Georgia had 1,301,310 total SNAP recipients. Many are elderly, disabled, or children. 11% of the total worked.
0.3% of the total worked at WMT.
Appendix of GAO report shows 1,301,310 SNAP recipients in GA. 143,405 were working adults. 4023 worked at WMT, 1953 at MCD.
November 1, 2025 at 3:34 PM
kate10010.bsky.social
CNBC, WaPo and many others covered it. Look what they did. They BOTH claimed that “70% of the 21 million people receiving benefits work full time.” This is completely and utterly false and anyone with basic literacy/numeracy skills could tell you that from first paragraph of the report.
WaPo: The numbers could not be fully explained by part-time schedules; about 70 percent of the 21 million people receiving Medicaid or SNAP benefits work full time, in general, the GAO said. Ninety percent worked in the private sector. CNBC: About 70% of the 21 million federal aid beneficiaries worked full time, the report found.
November 1, 2025 at 3:27 PM
kate10010.bsky.social
Note this is specifically *only* about Medicaid & SNAP beneficiaries *who work.* There is substantial overlap between the pops which the report can’t disentangle, so you’re not talking about 21M people it’s way less. Also agencies from only 11 states responded- some Medicaid some SNAP some both
In cases where the state was able to provide both Medicaid and SNAP data, we did not assess the extent to which there may be overlap in the SNAP and Medicaid populations for any particular employer. 6Five agencies provided aggregate sums of working adult Medicaid enrollees or SNAP recipients, respectively, working for each employer in their states. We disaggregated these lists to allow for consistent estimation across all agencies.
November 1, 2025 at 3:27 PM
kate10010.bsky.social
This is wild. Thread nobody will read on our innumerate and illiterate news sources. In 2020 the GAO released a report on Medicaid and SNAP beneficiaries ***who work***. This is the source for many of the claims you see about these programs (Walmart etc) - Bernie was one who requested rept
October 2020 FEDERAL SOCIAL SAFETY NET PROGRAMS Millions of Full-Time Workers Rely on Federal Health Care and Food Assistance Programs What GAO Found The 12 million wage-earning adults (ages 19 to 64) enrolled in Medicaid-a joint federal-state program that finances health care for low-income individuals—and the 9 million wage-earning adults in households receiving food assistance from the federal Supplemental Nutrition Assistance Program (SNAP) shared a range of common labor characteristics. For example, approximately 70 percent of adult wage earners in both programs worked full-time hours (i.e., 35 hours or more) on a weekly basis and about one-half of them worked full-time hours annually (see figure). In addition, 90 percent of wage-earning adults participating in each program worked in the private sector (compared to 81 percent of nonparticipants) and 72 percent worked in one of five industries, according to GAO's analysis of program participation data included in the Census Bureau's 2019 Current Population Survey. When compared to adult wage earners not participating in the programs, wage-earning adult Medicaid enrollees and SNAP recipients in the private sector were more likely to work in the leisure and hospitality industry and in food service and food preparation occupations.
November 1, 2025 at 3:27 PM
kate10010.bsky.social
? It’s not over til it’s over
Polling before June NYC mayoral primary shows Cuomo up by +3 to +19 in first round
November 1, 2025 at 1:48 PM
kate10010.bsky.social
Not “developed world” according to MSCI but yeesh
Milei looking like a colossal dipshit, as per usual, celebrating his victory
October 29, 2025 at 2:39 AM