"online sports gambling amps the dangers of destructive behavior because the dopamine hit is now in your pocket."
This is a policy choice. It doesn't have to be this way.
@marketswithmay Correct, this was BLK pregame trade: Adebayo Ogunlesi, formerly a lead independent director at Goldman Sachs, sold his infrastructure investment firm, Global Infrastructure Partners (GIP), to BlackRock for $12.5 billion.
Treasury Secretary Scott Bessent, who took a dim view of his predecessor’s debt issuance policy by alleging it inappropriately influenced financial conditions, said Treasury could increase buybacks of off-the-run securities if needed to stabilize markets https://t.co/0txeGybDkJ
Equity price targets and the games analysts play - like poker, there's an art to bluffing. Analysts rarely let down their game faces to tell us that they really do not know. They cross their fingers and hope they are right.
The disparity between the forward rates and the OMB forecasts are astonishing.
Treasury has an unwieldy position - combined with a bad track record for forecasts. There is no risk manager to tap incompetent pm on the shoulder. I think they have an obligation to disclose these risks to Congress and the public, instead of feigning control. Good liability management rests on good assumptions and analyzing multiple scenarios. Up until Bessent, these skills were absent. Like you said, he is the break the bank guy who knows where the vulnerabilities lie. https://t.co/DcjVLuHmJY
Mr. Dimon is not alone in his observation (see report, Treasury Dysfunction and The Role of The Central Bank). Potential Treasury market dysfunction is growing with the disproportionate growth of total Treasuries relative to the capacity of the Federal Reserve, hedge funds, asset managers and broker dealers. https://t.co/DcjVLuHmJY
Your perspectives are original, more often accurate overtime and the result of hard-work. You are willing to analyze the tariff developments through the nuances and the longer term. You have a global perspective with a strong accounting background. On most days I'll take accounting skills over economic theory. You also know what you don't know.