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My largest holdings (May 2024):
Apple (16% of portfolio) [current price $183 / cost basis per share $10]
Alphabet (10.5%) [168 / 14]
Amazon 6.5% [187 / 96]
Sea Limited $SE (4%) [65 / 51]
Abbvie $ABBV (4%) [161 / 55]
Top 5 41%...
continued mastodon.social/@nomadcat/11…
Nomad Cat retweeted
Price Increases over last 7 years...
New Cars: +23%
Used Cars: +30%
Groceries: +33%
Shelter: +35%
Family Health Insurance: +38%
Restaurants: +39%
Transportation: +42%
Electricity: +44%
Auto Insurance: +49%
Home Prices: +60%
Gas Utilities: +62%
Gasoline: +64%
Dozen Eggs: +64%
Ground Beef: +76%
Fuel Oil: +84%
Coffee: +124%
Nomad Cat retweeted
From the Texas Tribune:
After Mexican officials confirmed case of screwworm in Nov. 2024, USDA, under Joe Biden, closed southern ports of entry to live cattle imports to prevent spread of screwworm into U.S. Move also strained supply of cattle in Texas....
USDA reversed course in Feb 2025, after Trump took office, announcing opening of ports"
One of the daily instances of the incredible level of incompetence and corruption in the current USA administration. The embarrassing tariff fiasco gets the most attention every day but the displays of incompetence are constant and relentless. The costs are huge and long term.
Nomad Cat retweeted
Mr. Vice President @JDVance, I'm sure you don't mean to mislead anyone, but the hard data suggest that in fact you've inherited a stronger economy than any administration in your lifetime.
Nomad Cat retweeted
For every $1 spent by the Parks, they produce $15 in economic activity. It is less than 0.067% of all federal spending.
Parks have a huge economic multiplier. They create platforms for substantial private sector activity (tourism, recreation businesses, etc.) while preserving public assets that appreciate in value over time. It's an incredible investment for the economy, and one we should keep.
Nomad Cat retweeted
ICE detained a U.S. citizen in Northern Virginia with guns drawn. He offered to show ID and told the officers he was an American citizen, but they handcuffed him anyway. The man is a Trump voter, but says he is reconsidering his support after he was targeted for being Hispanic:
Nomad Cat retweeted
I cannot think of a previous example in US history of a president
a) inheriting a successful fast-growing economy;
and
b) promptly capsizing it by his own freely chosen policies motivated by his prejudices and ignorance.
Yet that's Trump 2025.
Nomad Cat retweeted
The Mexican President, American President and Canadian Prime Minister signing the USMCA trade deal in 2019. Donald Trump said this week that tariffs on Canada will have to be instituted because this trade deal was “signed by a previous administration and leader who was a fool”.
Nomad Cat retweeted
Jack Welch destroyed GE by focusing on short term earnings manipulation (personally involved in energy deal they sold at end of qtr to help with earnings) and posturing to the Street
DOGE doing same thing. I’m all for reducing govt waste but firing people who got promoted making them probationary and easy to fire isn’t efficient. You presumably are firing the best workers if they’ve been recently promoted.
The continued incompetence and/or lying by the current administration is astounding. The Republican party cheers on the incompetence + destruction of the rule of law. Anyone granting any authority to these people that the Republican party has surrendered to is destroying the USA.
Nomad Cat retweeted
Lots of people are comparing the job cuts now to Clinton, and it's quite different. Clinton's job cuts followed a careful 6-month National Performance Review that identified where reductions wouldn't harm services. The cuts were implemented gradually with bipartisan support (and were signed into law after a review period) allowing agencies to adapt to new normals while maintaining functionality. This was a careful approach! It's why government services remained stable even as the workforce shrunk during the 1990s. Government agencies aren't tech startups, right? They must maintain essential services for all citizens (as Steve Bannon has talked about) which is why the *method* of reducing the workforce, not just the end goal, matters. Again, no disagreement in waste, but moving too fast ultimately creates more waste in clean up.
The damage done by these incompetent people is going to last for many years. They have no clue about what they are talking about and have no interest in learning to be knowledgeable about government. They just rant and rave and make unfounded and inaccurate claims constantly.
The OIG wrote a follow up report in 2023 relating to all the SS# in the SS database with no death dates
Follow up to a 2015 report
The *explosive* information from DOGE been out there and discussed for years
And there are controls in place so dead people don’t get paid (not that I imagine they work all the time)
My largest holdings (Nov 2024):
Apple (15% of portfolio) [current price $230 / cost basis $10]
Alphabet 8% [165 / 13]
Sea Limited $SE 6.5% [113 / 51]
Amazon 6% [197 / 96]
$MELI 3.5% [1,761 / 1,094]
...
see more on my Mastodon account mastodon.social/@nomadcat/11…
Nomad Cat retweeted
If you have ever lost time and money because companies made it really hard to cancel recurring subscriptions, you should know that the Biden-Harris Administration and the FTC are ending that once and for all.
FTC announces final “Click-to-Cancel” Rule making it easier for consumers to end recurring subscriptions and memberships: bit.ly/3Yqnl2i #ClicktoCancel /1
China has built 22 villages and settlements within Bhutan’s customary borders. And there is no sign that Bhutan can do anything about it – or that Beijing will face any costs. thediplomat.com/2024/10/the-…
Nomad Cat retweeted
Senator, I think it's worth acknowledging that violent crime actually has falllen, and indeed it is lower today than it has been for decades.
Nomad Cat retweeted
A numbers of journalists have called me to ask: How is Harris beating Trump on the economy?
I think I've figured it out.
