Dad. 4x failed entrepreneur.
Indianapolis, IN
Joined June 2010
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- Following2.3K
- Followers2.7K
- Likes15.1K
Jake Koeneman retweeted
This is truly incredible.
Here is an exchange with Senator James Lankford & Yellen.
He asks, "Will every community bank ... get the same treatment as SVB?"
Yellen: "Banks only get the treatment if ... the failure to protected uninsured depositors would create systemic risk."
Jake Koeneman retweeted
THREAD: Photos, videos, and news reports about the train derailment and toxic chemical release in East Palestine, Ohio.
This may be the largest environmental disaster in U.S. history.
🧵👇
Jake Koeneman retweeted
New month, new record 😵💫
Average APR for a car loan in January:
New Cars: 6.92%
Used Cars: 10.57% (!!!)
(via Edmunds)
Jake Koeneman retweeted
This is scary. 😬
KB Homes, a large home builder, just reported a 68% CANCEL RATE.
Meaning that over 2/3 of Homebuyers walked away from their contracts in the quarter. Leaving KB Homes with a massive pile-up of inventory.
Last year the Cancel Rate was only 13%.
Jake Koeneman retweeted
74% of the respondents had to adjust their grocery shopping habits in the previous year. This meant downgrading regular purchases or opting for alternatives to regular purchases.
Read more details:
unusualwhales.com/news/over-…
Jake Koeneman retweeted
The telephone, the internet, and crypto share one thing in common. Each technology improves on the next in terms of its ability to facilitate fraud. As such, I was initially a crypto skeptic, but after studying some of the more interesting crypto projects, I have come to
Jake Koeneman retweeted
1/ Earlier this year @kimanncurtin posited the idea that I take time off once a week or once every two weeks because I was getting so stressed but I couldn't fathom it. I felt like what made me who I am today was relentless participation in the markets.
I just couldn't.
Jake Koeneman retweeted
Here's an Alarming Statistic....
📉 Homebuyer Downpayments in 2021 were LOWER than 2006 during the Subprime Bubble.
Part of a long-term, 50-Year Decline in Mortgage Lending Standards in America.
Foreclosure Wave 2.0 is coming. ETA Late 2022.
Hope Evansville friends are safe.
At least three people have died and 39 homes were damaged after an explosion in Evansville, Indiana, authorities say cnn.it/3vUL7ov
Jake Koeneman retweeted
The search volume for the terms "credit card", "payday loan", and "personal loan" are all spiking.
People are at the end of their financial rope.
It's going to be ugly.
Jake Koeneman retweeted
Met with the CFO of a multi-billion dollar tech startup this weekend.
He told me every smart CFO he knows is cutting office space to reduce burn instead of firing employees.
Pretty simple choice IMO:
Jake Koeneman retweeted
Roughly 60,000 home deals fell through in June in the US, equal to 15% of homes that entered into contract.
(🔐) NEW: Trump Addressed Extremists Via Zoom 96 Hours Before the Capitol Attack—Some of Whom Thereafter Trespassed on Capitol Grounds
This is by far the largest and most complex report ever published at PROOF. I hope you’ll subscribe, read, and RETWEET. sethabramson.substack.com/p/…
Jake Koeneman retweeted
Had another DM question - “Brett, how do I get a job at a hedge fund?”
Well, there’s a FRONT DOOR and a BACK DOOR. The front door is relatively straightforward. Go to a top undergrad, work in I-banking, wait for the headhunter e-mail (these days will come shortly after u land…
