xyz

[xyz @GleichKristof]

1/7
We experience different long-term cycles that impact how active management performs and the decade of the 2020’s is proving to be very different from the post-GFC era of financial repression in the 2010’s. I’m currently digging into the numbers and will share some insights.

[MtgTrader @trader_mtg]

@BobEUnlimited https://t.co/esRAxJS9xL

[xyz @GleichKristof]

Great and simple update from @BobEUnlimited on sticky inflation. Note to self, Use the word ‘fluky’ more often.

[Bob Elliott @BobEUnlimited]

There has not been much durable progress made brining down inflation across the developed world.

Core inflation momentum to start '23 does not indicate a swift return to 2% anywhere in the developed world. Instead stabilizing at ~5%.

Central banks have a lot more work to do.

[xyz @GleichKristof]

Do you think the Inflation Reduction Act is really the Infrastructure Reflation Act?

[xyz @GleichKristof]

@EricBalchunas Oh my god that’s amazing

[xyz @GleichKristof]

@mr_victor7 Thanks Vic!!!

[xyz @GleichKristof]

#cpfc I’m actually very happy with Roy’s return. Look it’s not ideal, but it’s pragmatic. Palace’s arc of progress over the last 12 years has been two steps forward, one step back. We’re in one of one step back moments…consolidate, then move on

[xyz @GleichKristof]

@BobEUnlimited I agree. What actually happened is more form over substance as both essentially wiped out. I think this is AT-1 bond holders trying to cling to excuses that misread the risk. Even if equity taken to actual zero unlikely AT-1 would have been left with anything

[xyz @GleichKristof]

That’s inflation

[xyz @GleichKristof]

As someone recently said one of the most valuable things you can do on twitter is share @BobEUnlimited’s insights

[Bob Elliott @BobEUnlimited]

Estimating the hit to the macro economy from the small banks problem requires understanding the importance of these banks are to the US credit system.

Over the last year small banks provided roughly 2% of GDP credit, even if it falls to zero, it's a modest impact. Thread.

[xyz @GleichKristof]

#CPFC give the job to Dougie until the end of the season:
https://t.co/BevQVY4VsB

[xyz @GleichKristof]

I thought it was madness that palace fans were getting restless a couple of months ago, just look at what happens when small clubs like ours get greedy but I'm in no doubt now. We need a change or we're down. #BRICRY

[xyz @GleichKristof]

@EpsilonTheory @BobEUnlimited Ha ha ha so true. He’s so good

[xyz @GleichKristof]

#inflation I’m not complaining but sign of times that these inflation charges are appearing all over the place. I’m sure the Ramen will be worth it

[xyz @GleichKristof]

@boazweinstein nicely done

[Lisa Abramowicz @lisaabramowicz1]

"Overall financial conditions are now as easy as they were before the Fed started raising interest rates:" Apollo's Torsten Slok

[xyz @GleichKristof]

@LaraCrigger @ToddRosenbluth @kgreifeld @Vetta_Fi 😂😂😂

[xyz @GleichKristof]

only in Holland .......

[Historic Vids @historyinmemes]

This is Fierljeppen, also known as Dutch Canal Vaulting.

[Brian Feroldi @BrianFeroldi]

In the beginning, your savings rate is all that matters.

As your net worth grows, your returns become all that matters.

Focus your attention accordingly.

[Matthew C. Klein @M_C_Klein]

The Census has a new daily economic activity indicator based on the monthly and weekly data they track:

https://t.co/bd02FKvH1Z