When The Highflyers Start Going To Jail, The Party Is Over

Saylor Is Flying Too Close to the Sun

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Table of Contents

• Saylor Is Flying Too Close to the Sun

• Three Things You Need To Know Now:

• Poll Results

• And one more thing… 

• And also… A 250%+ biotech winner.

• When The Highflyers Start Going To Jail, The Party …

• Saylor Is Flying Too Close to the Sun

• Mailbag

Three Things You Need To Know Now:

1. Whitney Tilson is running for mayor of New York City. As many of my long-time readers know, I’ve been friends with Whitney Tilson for 20 years. We first met because we were on different sides of a stock trade – Interoil Exploration. We were long. Tilson was short. He was a gentleman and open to honest debate. He also respected the work we did and, when the SEC targeted me with lawfare because of my reporting on USEC, Tilson was the only mainstream hedge fund manager who publicly supported me. He is a good man. And a good friend. He’s also a non-woke Democrat who wants to return NYC to a law-and-order town. As a part-time resident, I can’t vote in the election (and as a libertarian, I can’t vote in the Democratic primary that will most likely determine the next mayor), but I’m supporting Tilson financially. I’ll be organizing a dinner for his campaign in New York in the New Year. Let me know if you’d like to attend ([email protected].) Right now, though, what Tilson needs most is to prove that he can raise the funds required to launch a successful campaign. It is especially important for NYC residents to help and contribute up to $250 as soon as possible, since the city matches this amount eight to one, so $250 gives Whitney's campaign $2,250. I hope you can help and support Whitney in whatever manner fits your means and ability to help. Here is the donation link.

2. Inflation remains “sticky.” This morning, the Bureau of Labor Statistics reported consumer prices rose 2.7% year-over-year (0.3% month-over-month) in November, up from 2.6% (0.2%) in October. Core inflation – which excludes food and energy prices – remained at 3.3% year-over-year for the third consecutive month. However, while inflation remains well above the Federal Reserve’s official 2% target – and continues to look like a repeat of the “cut-too-soon” 1970s (see the graph below) – this month’s relatively modest increase is unlikely to dissuade the Fed from cutting rates by another 25 basis points when it meets next week.