Elias Bachmann

[Elias Bachmann @breedlindo]

@leadlagreport Wasn’t that supposed to be bitcoin?

[Elias Bachmann @breedlindo]

@CliffordAsness Believe inflation

[Elias Bachmann @breedlindo]

@biancoresearch A cut or two is manageable. What is rare is the fed not taking the elevator down. So, though it might be best to cut and pause, history doesn’t suggest that will happen. But then again there hasn’t been this much pent up resilience in prior rate cut reactions. No thin ice yet

[Elias Bachmann @breedlindo]

@biancoresearch I know inflation, but was it runaway?

[Elias Bachmann @breedlindo]

@MebFaber So true

[Elias Bachmann @breedlindo]

@egfalken @MebFaber @nntaleb True that. While woefully inaccurate as a prediction, it does at least give you a reasonable approximation of the landscape in which outcomes will be observed. When you over-apply it to a need for accuracy, trouble.

[Elias Bachmann @breedlindo]

@barryknapp Sounds like something Vicini would say in The Princess Bride. But seriously absent bank reserve risks, the fed should leave the long end alone and work down its balance sheet. Focus on the front end. MAKE THE CURVE STEEP AGAIN. That’s on my red hat.

[Elias Bachmann @breedlindo]

@MebFaber The laundromat of time.

[Elias Bachmann @breedlindo]

@CliffordAsness Political paralysis at its most shameful

[Elias Bachmann @breedlindo]

@sportsandcraft @EFrank15O5 @MacroAlf it's not the earnings I would be worried about. Balance sheet is the starting point for banking... and the ending

[Elias Bachmann @breedlindo]

@LizAnnSonders @Redfin but home prices are still calibrated like they can afford a $600k home

[Elias Bachmann @breedlindo]

@tomkeene No wonder we have inflation. None of those dips were paved over with stimulus like the current one and we have gained all jobs back and more. fantastic chart! thanks for sharing.

[Elias Bachmann @breedlindo]

@LizAnnSonders this sort of reminds me of the scare around the drawdown % in M2. It still appears to be above a longterm trend.

[Elias Bachmann @breedlindo]

@LaurenWitzkeDE Free market competition

[Elias Bachmann @breedlindo]

@SMB_Attorney Experience economy. It’s why swift tickets are a grand. Also there are more resorts in the alps than there are in Colorado/ square mile so perhaps more competition.

[Elias Bachmann @breedlindo]

@DonMiami3 @MacroEdgeRes No. Eye opening pricing power of in the experience economy.

[Elias Bachmann @breedlindo]

@LizAnnSonders interesting. Thanks for posting

[Elias Bachmann @breedlindo]

@Barchart Or how much of it should be in the intermediate bond market. Lots of people risk getting caught in super short duration assets.

[Elias Bachmann @breedlindo]

@MebFaber Freedom premium should win over the long run. China has to embrace it in a big way if it wants to win this bet over the time period. Also faces the headwinds of bad demographics.

[Elias Bachmann @breedlindo]

@LizAnnSonders another explanation...https://t.co/fEgHSHv76A

[Lisa Abramowicz @lisaabramowicz1]

Banks are pocketing real money by borrowing money from the Fed's newest backstop facility, which charges a lower rate, and then parking it at another unit of the Fed, which pays higher interest. Banks are borrowing record amounts from this new facility. https://t.co/0Yt4STWbb9

[Elias Bachmann @breedlindo]

@LizAnnSonders Wouldn't banks use this anytime they need to convert a holding that can be pledged into cash? ie anytime a customer wants a loan or they want to withdraw money?