Walnut Hill Advisors, LLC

03/21/2024

making people who want to be independent contractors "employees' forcibly...I don't know it must be Joe's dementia
I was an IC before incorporating - it's what I preferred it's what most ICs prefer. Perhaps I should call Joe "the anecdote president" because data doesn't work on the guy. Another example - if you teach a dance class at a studio as a guest, and you like it that way, there is a law in CA (AB5) that the rocket scientists in Congress want to make national (the "Pro Act" - strange I look at most f congress as amateurs) which would make the dance teacher have to become an employee or not do the guest class. And guess what - the studio owner. can't afford to hire this extra teacher so bye bye dance class, bye bye income.

WASHINGTON – Today, U.S. Senator Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health,...

12/15/2022

Interesting data from a discussion group RE inflation in the 1970s:

"Just for fun here are some peaks and troughs during the decade of the 1970s. From inflationdata.com 1970 annual inflation rate was 5.73% sold off to 3.21% in 1972, made a new high in 1974 @ 11.04%, traded back down to a higher low of 5.76% in 1976 and then closed at a decade high in 1979 @ 11.35%.

And also for fun here are some peaks and troughs of the the ten-year treasury which showed yields of 3.29% (low Feb of 1972), 12.92% in July of 1974, then to a higher low of 4.61% in Jan of 1977 and looks like (tough to make out the number from the chart) 17.61% in late 1979."

11/30/2022

This is your government, which most of you vote for more of at work:

11/07/2022

"I never did anything by accident, nor did any of my inventions come by accident; they came by work."
- Thomas Edison

10/28/2022

The ideas keep getting more stupid by the minute. The problem with socialists is they don't read - especially history. Not to mention the entirely unamerican nature of this and the fact that they want to cover up their disastrous decisions to this point with more disastrous ideas.

Inside every left winger there's a little totalitarian just waiting to jump out.

Calls for Biden to socialize industry have moved quickly from fringe to mainstream

10/24/2022

"But that’s not the sort of economy we live in. Rather, real estate and housing development are highly regulated industries at both the federal level and at the local level. Thanks to this, it is becoming more and more difficult for builders to build smaller houses at a time when millions of potential first-time home buyers would gladly sn**ch them up."

Channelchek

10/22/2022

Blaming "speculators" has always been an easy out for crappy corproate management to blame someone else for their lousy stewardship (remember the goverm=nment banned short selling in 2008?). Now the bank of Japan wants to blame these same speculators for the major decline in their currency. Don't blame the 300% bedt/GDP ratio and the fact that BOJ is now printing money to effectively pay the interest on Japanese debt. They will be the ultimate doom of the ridiculous academic idea known as MMT - modern monetary theory (you can borrown and print as much as you like as long as you control your own currency - ah no). Japan may accomplish 3rd world status with their third world borrowing and printing efforts soon enough.

The U.S. dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency.

10/14/2022

One way to bring down housing costs is the obvious more supply - howe about switching unused office to residential? building is lareadsy there so no change to city footprint >

The Los Angeles developer's office project at the site, approved back in 2018, is one of several entitled office towers in Oakland that has yet to come out of the ground.

10/12/2022

Note: government incompetence is one of the biggest parts of my energy investment thesis
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Gavin Newsom yours and CA energy policies are so bad, someone from Tufts University is criticizing you:

Amy Myers Jaffe, managing director of the Tufts University Climate Policy Lab, alluded to the decline in refining in an interview with the Los Angeles Times.

“Do I have the new infrastructure fast enough before I retire the old infrastructure, and what happens if you’re in the middle?” Jaffe said. “The way we’re doing it now is you just let the fuel costs go up and then we leave poor people with no ability to get anywhere… . And then [California leaders] grandstand against the oil companies — that’s not a solution.”

The Times article pointed out that various authorities have been warning Capitol politicians for years that California needs plans to manage the shift to renewable transportation while maintaining gasoline supplies until they are no longer needed, but the pleas went unheeded.

Gov. Newsom has called for special taxes on oil companies for what he says are price-gouging profits, but he has yet to offer proof.

10/10/2022

"We’ve always been of the view that the nation's Strategic Petroleum Reserve was meant for actual emergencies. Biden’s approval ratings are not an emergency. Part of why we have a strategic petroleum reserve, is so that foreign actors cannot set the world price.

We have now surrendered the ability to use the SPR strategically and the consequences will be disastrous for most sectors of the economy."

~Harris Kupperman, hedge fund manager

06/11/2022

This is good news:

A $5 million gift from Suzanne Perot McGee, BS’86, Patrick K. McGee, BS’85, and their family to the College of Arts and Science at Vanderbilt University will establish a new center dedicated to analyzing the media, using the cutting-edge tools of data science.

06/06/2022

Lots of data points showing a top in housing... this is one of them

Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: "Housing costs to current income levels within a whispe...