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On today’s show, we discuss:
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Tweets/Bluesky
First @BillAckman said capping credit card interest rates was a “mistake” (in a since deleted post).
Now he says it’s a “worthy” goal. https://t.co/2MTvgcYXOh pic.twitter.com/WjtMxstt4a
— Annmarie Hordern (@annmarie) January 10, 2026
RFK Jr: “Your kids are never going to buy a home.”
“There’s three big companies: BlackRock, State Street, Vanguard. They basically just own everything.”
“And now what they’ve decided is they want to own every single family home in our country.” pic.twitter.com/yTyiCZGBBj
— conspiracybot (@conspiracyb0t) January 12, 2026
NEW: Trump says he’s instructing unnamed representatives to buy $200 billion in MBS in a bid to narrow mortgage spreads and bring down rates. pic.twitter.com/gTX89jVCfi
— Nick Timiraos (@NickTimiraos) January 8, 2026
Mortgage spreads reached up to 3.10% in 2023. We started the year at 2%, and recent historical normal levels are between 1.60% and 1.80%. We were close to normal before the news broke out pic.twitter.com/WVB5mPnHkc
— Logan Mohtashami (@LoganMohtashami) January 9, 2026
Institutional investors = 1% of US home purchases. pic.twitter.com/lkpiZbYupW
— Rick Palacios Jr. (@RickPalaciosJr) January 7, 2026
The second fastest growing sector in America in terms of GDP growth from 2019-2024 was gambling. https://t.co/oryjNAruuz
— Matt Stoller (@matthewstoller) January 9, 2026
Eric Adams, former NYC major, has just removed liquidity of his new memecoin, $NYC, scamming investors for over $2,536,301
He launched a $NYC memecoin just 30 minutes ago, and has removed its liquidity after promoting it on his personal social media, claiming to be the NYC token https://t.co/4s20jOTKEN pic.twitter.com/pFAG7l0XMq
— Rune (@RuneCrypto_) January 12, 2026
200bps excess spread vs. syndicated loans
Here’s what that 200bps is paying you for:
> Can’t sell it
> Can’t price it
> Borrower can stop paying cash and switch to PIK
> You mark it yourself pic.twitter.com/SbwWbUtYvh— junkbondinvestor (@junkbondinvest) December 30, 2025
$JPM CEO Jamie Dimon: “The U.S. economy has remained resilient. While labor markets have softened, conditions do not appear to be worsening. Meanwhile, consumers continue to spend, and businesses generally remain healthy. These conditions could persist for some time…” pic.twitter.com/Cxr8d06y6b
— The Transcript (@TheTranscript_) January 13, 2026
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