In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.
To reiterate: under @POTUS, the United States delivers for America’s trusted partners.
For a fuller explanation, I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies. Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.
@leahfiles I think Bessent answered in his 8/27 post: not a loan or credit extended to Japan. No new congressional appropriation was required, and Japan owes the U.S. nothing. He also cited the legal basis under the relevant statute authorizing
@LouStagner Completely disagree w you. Benefit of doubt goes to the player & his intention. Watching live Not one commentator questioned it. Walking Rules official didn’t question it. Playing partners didn’t question. Calling it 5 hrs later is silly - play was over.
@GolfChannel@eamonlynch@chambleebrandel@mcginleygolf Crazy silly. Just rewatched it (Featured Group). Not once did the commentators question Bryson improving his lie while it was LIVE. Not Once! You can’t call a penalty 5 hrs later. Without definitive proof - the player gets benefit of the doubt
@GolfChannel Terrible decision. Against Bryson, but also for the game. They’re calling a penalty after the fact. Like World Cup would call a penalty after the game was over & chance the score. Only sport that calls penalty AFTER the fact.
The view from Apollo chief economist Torsten Slok:
“Markets are overreacting to what will likely be a 4- to 6-week period of volatility, which will ultimately result in 50 years of stability in oil markets, supply chains and geopolitics.”
@MFT_Get_Funded Cash flow is fully controllable by selling monthly/quarterly. Depends on your goals & account type—tax-advantaged changes the math.
Longer term total return strategy outperforms , though wheel / JEPI does offer more downside protection during volatility
@MFT_Get_Funded But long-term, plain VTI (or SPY) + sell shares as needed often wins due to:
- Higher total returns (no upside cap from calls)
- Better taxes in taxable accounts (LTCG rates vs mostly ordinary income on distributions)
- Simpler, no options approval or active management
@zerohedge Does JPM's $650B AI revenue 'black hole' miss the obvious: Big Tech's capex is cash-funded, not '99 debt bomb. MSFT/META/GOOG spit $100B+ FCF/yr—ROI just needs to clear 4% MMF yields to crush it. Oracle's the debt canary; the rest are printing presses. 💥 #AIBubbleMyth#CapexCash
@SecScottBessent@POTUS Pitch: forget flat tariffs—charge a fee, let ’em buy U.S. goods to reduce it. Billions in, jobs up, markets love it.”
- Tweak: Test a 1.5:1 credit ratio—$1.5 billion in purchases offsets $1 billion in fees—maxing export juice.
- Rollout: Start with China, 2025 Q1.
.@realDonaldTrump .@elonmusk Pitch: Swap flat tariffs for a fee foreign countries dodge by buying US goods. Billions in revenue, jobs soar, markets happy. Try 1.5:1 credit—$1.5B US buys cuts $1B fee. Start w/ China Q1 2025, then EU. #TradeSmart
@realJonTucker@zerohedge@grok@grok how or why are hedge funds allowed to leverage 100x to make the basis trade? Is there no limit to their leverage? Why did we not suspect that this might happen? We had the carry trade blow up on August which caused a mkt meltdown. What if tariffs get settled?