George Smiley

Finance, quietly

[George Smiley @DoodCapital]

@sidprabhu Sid, I am curious what you think the path forward is? Can Warsh manage to deflate the asset bubble with minimal harmful consequences for the broader economy (whether measured in output or minimizing inflation)? Or are there only hard choices ahead?

[George Smiley @DoodCapital]

This is why a positive cost of capital is essential.

“Do not give me a low rate of interest. Give me a true rate. Then I shall know how to keep my house in order.”

[Alan Fisher @alanthefisher]

Incredible that we wasted the 2000s-2010s low interest free money phase of the US economy completely on making a million versions of Doordash instead of building useful infrastructure

[George Smiley @DoodCapital]

People are simultaneously worried about this outcome while speculating about the need to bail out “too-big-to-fail” US equity markets. You’re the problem!

[Polymarket @Polymarket]

BREAKING: AOC soars to an all-time high in the odds to be the 2028 Democratic nominee.

She’s now within 2 points of Gavin Newsom.

[George Smiley @DoodCapital]

@sonalibasak Sonali, do you believe investors deploying risk capital should bear losses on poor investments? Why are you obsessed with socializing losses?

[George Smiley @DoodCapital]

Return seeking capital inflows. What are we? An emerging market? https://t.co/IkM49VyK6u

[George Smiley @DoodCapital]

@sonalibasak @EricBalchunas This would be the end of capitalism

[George Smiley @DoodCapital]

@mark_dow Perhaps in the absence of the extreme monetary policy, we would have had a benign deflation.

[George Smiley @DoodCapital]

@InvestLikeBest Get serious!

[George Smiley @DoodCapital]

This is like asking someone from Argentina to cheer for Brazil. Ain’t happening

[Alex Keeney (fka Keendawg 🐶🇺🇸) @keendawg]

Americans need to buy an extra 12-pack of beer and cheer for Mexico and Canada. These are our neighbors. We need to will them to victory.

[George Smiley @DoodCapital]

@spacewilbarger Sir have you seen the national debt? We need to sweat our assets

[George Smiley @DoodCapital]

@BamaBonds Where would you take the fed funds rate? Why is the Taylor Rule no longer applicable? How will lower rates help prospective homeowners when prices will just rise even more?

[George Smiley @DoodCapital]

@WarrenPies Could a separate interpretation be that the market believes tighter monetary policy will solve the inflation problem in the long term? Move in gold partially validates this.

[George Smiley @DoodCapital]

@ericmreiner @rabois

[George Smiley @DoodCapital]

@sidprabhu

[George Smiley @DoodCapital]

@WarrenPies Is the 10yr flat?

[George Smiley @DoodCapital]

@stevehou

[George Smiley @DoodCapital]

@RagingVentures Great match! Very jealous

[George Smiley @DoodCapital]

@dasvee As Einhorn says “twice a silly price is not twice as silly”

[George Smiley @DoodCapital]

@LumberTrading Sir please stop using AI to make pictures. We have a compute shortage, sir!

[George Smiley @DoodCapital]

@BamaBonds Was it not poor monetary policy that created the current housing market?