Friedberg

Me think thou doth protest it too much. All right. Love you boys. Bye-bye.

Me think thou doth protest it too much. All right. Love you boys. Bye-bye.

Rain Man, David Sackett.

Rain Man, David Sackett.

You don't sit down to pee? No, I'm serious. I'm not joking around. You guys. So many jokes. I'm not going there. That's a soy estrogen boy joke. No, we can cut this out. But my pediatrician said, HMOP, I think it's really important to teach your boys to pee sitting down. And even for you as you get older. What are you talking about? It's good for the prostate.

You don't sit down to pee? No, I'm serious. I'm not joking around. You guys. So many jokes. I'm not going there. That's a soy estrogen boy joke. No, we can cut this out. But my pediatrician said, HMOP, I think it's really important to teach your boys to pee sitting down. And even for you as you get older. What are you talking about? It's good for the prostate.

And there's like a materially different percentage in terms of prostate cancer rates when you pee sitting down. Because you expel all the pee that just kind of gets caught there. The dribble? Swear to God, bro. I swear to God. What about a good shake?

And there's like a materially different percentage in terms of prostate cancer rates when you pee sitting down. Because you expel all the pee that just kind of gets caught there. The dribble? Swear to God, bro. I swear to God. What about a good shake?

What about a shake? Nick, you can cut all of this. No, the shake doesn't do it.

What about a shake? Nick, you can cut all of this. No, the shake doesn't do it.

Yeah, I mean, I think the economy is a lot slower than what people thought, which, to your point, the silver lining is that it probably now tips the balance of action in September to a cut. And if it was 25 basis points, there's probably going to be a lot of folks lobbying the Fed to cut 50. And I think that they probably have enough numerical justification now to cut 50.

Yeah, I mean, I think the economy is a lot slower than what people thought, which, to your point, the silver lining is that it probably now tips the balance of action in September to a cut. And if it was 25 basis points, there's probably going to be a lot of folks lobbying the Fed to cut 50. And I think that they probably have enough numerical justification now to cut 50.

I think the bigger problem, though, is if you don't have an accurate sense of where employment really is, and Sachs did mention this, you will also then have an inaccurate sense of where GDP is. And I think the one-two punch could be very problematic. I think what we're learning more than anything else is we have a very sophisticated economy. We have a very sophisticated capital market system.

I think the bigger problem, though, is if you don't have an accurate sense of where employment really is, and Sachs did mention this, you will also then have an inaccurate sense of where GDP is. And I think the one-two punch could be very problematic. I think what we're learning more than anything else is we have a very sophisticated economy. We have a very sophisticated capital market system.

We have very sophisticated actors in those markets, all of us included, who can react to real-time data and make the right decisions. The problem is we have bad data. And the bad data, I think, is something that is fixable, but we need to make an effort to do it because it's insane that the largest and most sophisticated economy in the world is this unpredictable.

We have very sophisticated actors in those markets, all of us included, who can react to real-time data and make the right decisions. The problem is we have bad data. And the bad data, I think, is something that is fixable, but we need to make an effort to do it because it's insane that the largest and most sophisticated economy in the world is this unpredictable.

And I think that's like the big question that I have, which is how is it possible in 2024 that we haven't just made this a priority to fix this? And with all of the systems that exist and all of the SaaS tools that exist and everything that's used to like hire and fire and pay people, we don't have an accurate sense of this number.

And I think that's like the big question that I have, which is how is it possible in 2024 that we haven't just made this a priority to fix this? And with all of the systems that exist and all of the SaaS tools that exist and everything that's used to like hire and fire and pay people, we don't have an accurate sense of this number.

Yeah, so what that company did was it was an agent that you would download on your phone and we would task you to go and collect certain kinds of information. And yeah, there was some socioeconomic data that was collected. A lot of it now is... with three-letter agencies and the like. So without getting into details, that company's doing quite well, but it's just moved in a different direction.

Yeah, so what that company did was it was an agent that you would download on your phone and we would task you to go and collect certain kinds of information. And yeah, there was some socioeconomic data that was collected. A lot of it now is... with three-letter agencies and the like. So without getting into details, that company's doing quite well, but it's just moved in a different direction.