@patientinvestor At some point the reality of this is going to sink in and valuations are going to normalize at which point Berkshire’s thesis will be proven out and OXY will become a very profitable investment for them.
@patientinvestor While I am a big believer in the energy transition, it’s not going to happen as quickly as the market valuations imply and paradoxically it requires significant additional energy inputs on the front end to make it a reality so it actually causes a demand spike on the front end.
@steve_alarm@SantiagoAuFund Tariffs make USDs significantly more scare in global circulation in terms of trade flow which will be significantly supportive of the US Dollar in actuality.
Lots of U.S. Denominated debt abroad which is significantly more difficult to service in a post tariff world.
@PlanetOfMemes@america@KobeissiLetter When the world starts going to war with itself over critical resource scarcity in the years ahead most on this forum (the American users at least) will come to see this differently than they do today.
@PlanetOfMemes@america@KobeissiLetter Hegemony is expensive but it’s worth every penny.
US National Debt: $35 trillion
The ability to use financial extortion as a weapon to forcibly coerce other countries into taking actions against their own interest and for your benefit:
Priceless.
BREAKING: Following Donald Trump’s debacle at Arlington National Cemetery, Vote Vets released this devastating ad calling out Donald Trump for his BS. Retweet to make sure all Americans see this.
@elonmusk I personally know plenty of unvaccinated who are dead now and comments like this are remarkably insensitive to people with that lived experience.
@elonmusk public through a series of successive incremental arguments to accept the notion that rules shouldn’t apply to powerful people. Especially to powerful people whose agendas align with yours. The rules shouldn’t apply to them and they should be exempt from prosecution, right?
@elonmusk To the big stretch of claiming that sitting Presidents should be immune from any and all prosecution and that interfering in vote counting and trying to overturn an election result (see Georgia) really isn’t wrong and should be left alone too. You are trying to condition the
@KobeissiLetter It’s considered a soft landing until the economy is losing jobs and GDP growth rate actually turns negative. The softness or hardness of the landing is measured in nominal terms and is indifferent to the rate of inflation.
Lots of sarcasm here but that is the official answer.