arvinds retweeted
On September 27, 2019, Deputy Sandeep Dhaliwal was fatally shot during a traffic stop. He was known for his sense of humor and ability to make personal connections with his fellow deputies and the community he served. Gone but never forgotten.
arvinds retweeted
The market is starting to make cautious investors look stupid.
Every dip gets bought.
Every warning gets ignored.
Every risk becomes another reason to buy.
I’ve been doing this for 30 years.
When a market makes risk management feel unnecessary, that’s usually when you need it most.
Never confuse a rising market with the absence of risk.
My thoughts as well.
WE KNEW THE DESTINATION:
We knew for 50 years that WW3 would start here and end up going nuclear.
But people stopped discussing it; several generations passed, those who knew have died.
Now it is exactly what is happening, right on track!
Today, nobody seems to notice, nobody seems to grasp where we are heading, nobody seems to care. The world is populated with fools, retards and the ignorant.
The Peninsula Hotel by Chao Phraya #bangkok #chaophraya #thepeninsula #bangkokrivercruise #bangkokcruise
arvinds retweeted
You can say what you want about Iran but they're definitely pretty unique in their communication: never seen a country threaten another with a math equation before 😅
For those who didn't get it: there is a famous monetary policy formula used by the Fed called the "Taylor rule" that says a central bank's policy rate (i) should equal the neutral real rate (r*) plus target inflation (π*), plus 1.5 times the inflation gap and 0.5 times the output gap (the "i = r* + π* + 1.5(π−π*) + 0.5(y−y*)" part of Ghalibaf's formula).
Ghalibaf adds α(SOH−SOH*) and β(BEM−BEM*): SOH referring to the Strait Of Hormuz and BEM to Bab El-Mandeb. Both have positive coefficient, meaning the more those chokepoints are choked, the higher the rate the Fed would have to set to fight the resulting inflation.
In a nutshell this is Ghalibaf trolling the Fed, telling them that Iran is - in a very real way - setting American monetary policy.
arvinds retweeted
Didn't realize Aramco oil facilities in Najran, Jizan, & Abha are now the "Holy Site of Makkah."
I condemn in the strongest possible terms the dastardly and heinous attempted drone attack against the Holy Site of Makkah Al-Mukarramah.
The people of Pakistan are saddened and perturbed by this outrageous act. There can be no words strong enough to capture the depth of anguish and sorrow felt by us at this reprehensible and unforgivable act.
We salute the extraordinary vigilance, courage, and professionalism of the Royal Saudi Armed Forces, for their swift and heroic action.
I once again call upon all parties to exercise maximum restraint and to step back from the brink of further escalation. Our region has already suffered far too much from conflict. Dialogue and diplomacy remain the only sustainable path towards peace.
Pakistan stands unwaveringly, shoulder to shoulder with the brotherly Kingdom of Saudi Arabia, in the defence of its sovereignty, and territorial integrity, as well as for the security and sanctity of the Haramain Sharifain - a duty that every Pakistani carries close to their heart.
arvinds retweeted
The Nasdaq during the Dotcom crash. 2000 to 2002.
Total decline: −78%.
Along the way:
+35% rally
+12% rally
+25% rally
+41% rally
+45% rally
Every single one felt like the bottom.
Every single one was a trap.
The +45% rally was the cruelest.
It came right before the final collapse.
This is the anatomy of a bear market.
Violent rallies that shake out the shorts.
Convince the bulls to re-enter.
Then resume the decline.
arvinds retweeted
Right before the 2000 dot-com crash, the S&P rallied 12% to reclaim its previous highs... Those who went max long because “the internet is the future” were right, but still lost 50% over the next 2 years.
To make sure every last bull stayed in (and then got wiped out), we had 3 separate 20% bear market rallies... Only after everyone was fully shaken out did we bottom in 2002.
It then took ~14 years just to break even on a nominal basis... And by that point, most were too scarred to fully participate in the next bull run.
Lesson: Don't participate in historically overvalued markets, especially not when that overvaluation coincides with the biggest crisis in human history
arvinds retweeted
Today is Saragarhi Day.
On 12 September 1897, just 21 Sikh soldiers of the 36th Sikhs, British Indian Army, under Havildar Ishar Singh, defended the isolated signalling post at Saragarhi on the North-West Frontier.
Against them came an estimated 10,000 Afghan/Pashtun tribesmen, principally Afridi and Orakzai, part of the tribal uprising against British rule.
The 21 were offered surrender. They refused. For hours they held the post against repeated assaults, fighting with rifles and finally at close quarters until every defender was dead. All 21 were posthumously awarded the Indian Order of Merit, the highest gallantry decoration then available to Indian soldiers.
Twenty-one Sikhs against roughly 10,000 men.
Saragarhi is one of the great last stands in British military history and a reminder of something too easily forgotten: Sikh soldiers served the British Empire with extraordinary courage and distinction. Their blood is part of our shared history.
Today Britain should remember them.
arvinds retweeted
I retweeted this earlier today and received some hostile comments, so I thought I'd share a story.
The photo on the left shows Constable Sukhvinder Singh Sunger, a Canadian Sikh police officer who recently led the Vancouver Police Pipe Band at the Royal Edinburgh Military Tattoo. The event is held at Edinburgh Castle, and it celebrates military bands from around the world. Thus, for the event, Constable Sunger wore traditional Highland dress with a ceremonial dastār (Sikh turban).
I think he looks resplendent for all the reasons I've mentioned in my previous threads: the use of "shape and drape," texture, and the semiotics of clothing.
But some were less enthused about a Canadian man of South Asian descent wearing Scottish clothing.
So I thought I'd share a story about Alexander Haughton Campbell Gardner, an adventurer and mercenary born in 1785 in what would become modern Wisconsin. By his own account, his father was Scottish, and his mother was Anglo-Spanish, although at least one of his contemporaries thought he was Irish. Either way, he would be considered "white" today.
At the age of 24, he traveled to Europe and, shortly after, began exploring Russia and Central Asia. It was in Central Asia, he claims, that he started to adopt the local customs and mores, often presenting himself as Muslim. Although one wonders how easily he was able to blend in, as he stood six feet tall and had a penchant for drinking.
According to him, he was captured in Afghanistan in 1824, but ended up joining a rebel force, commanding 180 horsemen, and marrying a local woman, with whom he fathered a child near Parwan. His wife and child were later killed after his patron's defeat, which drove him to Punjab.
It was in Punjab, he claims, where he joined the Sikh Army, eventually rising to the level of Colonel. He claims to have been present at Lahore, then the capital of the Sikh Empire, and says he killed 300 men during a fierce clash.
Much of Gardner's life is hard to verify, as many of his fantastical claims come from his much-contested memoir, which has little to no third-party corroboration. However, one thing is certain, if only because we have photographic evidence. Later in life, he had a striking style of self-presentation. In the photo on the right, you can see him in a tartan suit and Sikh turban. His facial hair is long because many Sikhs believe not cutting your hair shows respect for God's perfect creation.
Gardner was a man of American descent, European lineage, and Central/ South Asian cultural identity. He died with the name Gordana Khan. This complex form of diasporic identity goes back to 1785, shortly after the United States declared independence from Britain. In my opinion, it goes to show that culture is porous and identities can be complex, not as clear and "pure" as many would like to pretend.
arvinds retweeted
Israel is the only country in the world that can bomb 9 countries and invade 3 neighboring countries in one year; kill 100,000 people—including 25,000 children—in 1,000 days; displace nearly 6 million people in 3 countries; starve 2 million people in Gaza; violate Geneva and Vienna Conventions, international law, human rights, and state sovereignty; kidnap, rape and torture children and women; shoot, imprison and murdering; and still be perceived as the victim.
be born, parents spend all life nourishing the children. making ends meet. children sent to fight wars, die for rich politicians. parents die in poor health. this is the state of the world over the centuries. ironic that not a single cent is taken to the after world. Let us not sail the ship of fools.