November 1 2024 Jason partying stories from the previous week AllIn holiday party Dec 7 at Palace of Fine Arts Apparently it’ll be $1M party??? Election Night YouTube Live stream at 7pm pacific US GDP growth seems healthy 2.8% growth in Q3 (adjusted for inflation) Better than other western countries Lots of national debt though 3M federal government employees Total almost 25M people working for the government (fed + state + local, etc) Both candidates are proposing lots of spending Government consumption of GDP Most of the gains under Biden administration are from the government But private sector is struggling DropBox layoffs latest example (announced layoffs) Questionable whether this will affect voting because its come so late in the news cycle Voters might be more affected by inflation and jobs Prime Rate is 8% This rate determines bond rates Bank unrealized losses are crazy This is worse than in 2008 Buffett war