My December macro newsletter is now available.
It discusses the debasement trade, changing macro conditions, and the large dislocation between the economy and markets.
https://t.co/jKRb3SH87p
@jvisserlabs, heard your perspective on @ForwardGuidance and I’m just amazed. You mentioned a lot of books/authors. (I.e Annie Duke, David Sinclair…). Do you have a top favorites?
🚨@LynAldenContact speaks Spanish ?! 🇪🇸
Discover Dinero Roto, the translated Broken Money video on why our financial system is failing & how to fix it.
Share with your Spanish-speaking friends!
This is one of the most important charts in finance. You guys are trading nominals, but as investors, we need to care more about real returns. There aren’t actually any real returns in index products. Gold is the scorekeeper…
That's 0.07% of global energy use (comparable to many other random industries, and often using otherwise wasted/stranded energy).
Its service is that it gives people an alternative for when the IMF comes and makes a deal with your country's govt to devalue your currency. 😉
If you want to know the #1 reason why we have an increasingly K-shaped society that is accelerating towards a Fourth Turning climax that your children’s children will never forget, just watch this 73-second clip.
Reminder: the government is kicking millions of poor people off SNAP and Medicaid to stuff millions of dollars of tax cuts, tax credits, subsidies, and government contracts into the pockets of a select few people like this guy — year after year after year.
FWIW, I’m not at all advocating for either side of the policy debate here. Rather, I’m red pill’ing you by pointing out that the government picking winners and losers is one of the primary causes of the K-shaped society that our friend @adamtaggart brilliantly suggested will be a lower case “i” soon because of AI.
No one else talks about this because they are either feeding from the “rich people welfare” trough or they haven’t spent the time to analyze all 678 line items of the @USTreasury Budget Statement like I do each month. It’s absurd how much money the government spends on rich people in this country — on both an absolute and relative basis.
People that got rich in part due to “rich people welfare” like @chamath, @friedberg, and @DavidSacks of the @theallinpod — which I must listen to but hate doing so — love to fear monger about “existential crises” like “needing to win the AI race against China” so they can justify the trillions of dollars of big government spending that winds up in their bank accounts each year.
If any form of technology is such a good idea because it’s existential to our economy or national security, why does the government allow the profits of such *public* investment accrue to a select few in the *private* sector? Why doesn’t the government just develop services like @SpaceX or @PalantirTech and return any profits or capital gains to American tax payers instead of making a select few rich people like @elonmusk or @alexkarp richer?
Again, I’m not at all advocating for either side of the policy debate. I’m just red pill’ing you so that you realize how much the government itself is part of the problem regarding our K-but-soon-to-be-lower-case-i-shaped society. ❤️+💙=💜
P.S. Government sponsored income and wealth inequality is how the Roman experiment ended. Anyone who thinks it can’t happen to us is disrespectful of the cycles of history. 💜