@DrJStrategy You're totally right here -- one quarter's revenue absolutely prove that every dollar of off-balance-sheet SPV debt guaranteed by hypothetical future profit is a sure thing. Why can't more people see this?
@DrJStrategy Ah -- NOW I understand why you're so salty about Warsh's Jackson hole speech! You're concerned the AI hyperscaler debt-funded capex spree can't continue if interest rates go up. (fwiw I agree with you.)
@RagweedCapital@DrJStrategy I'm SO relieved there's someone in this hive of ignorance that understands basic economics! Thank you, sir or madam, you have restored my faith in the American people.
@DrJStrategy Are you trying to imply (without explicitly stating) that LOWER rates can produce energy, build homes, repair supply chains and expand power grids?
@TheKingOfWeimar@DrJStrategy That is the logical conclusion of the statement "Higher rates cannot produce energy, build homes, repair supply chains or expand power grids." Ergo rates can only go down, forever, until everyone has a home. Negative infinity!
@bpositive718@SquawkCNBC@ARKInvest@CathieDWood You can make an ENTIRE career out of being right once. It doesn't matter how many times you're wrong, as long as you're right ONCE, that's what people remember.
@annbauerwriter@paulkrugman If you WERE an economist, you'd know you're supposed to buy a lifetime supply of honey when it's cheap. Or substitute sugar syrup when honey is expensive. (REAL economists don't buy their own groceries or cook their own meals.)