S&P500 is UBi universal basic income. funded via interest rate cuts and tax money allocated to S&P500 earnings & GDP via government contracts. stolen USA 🇺🇸
@nntaleb@ProfSteveKeen What Steve doesn't understand is that with negative net national savings, if recession comes and Government spends it will raise borrowing rates on corporations and individuals with declining growth rates trying to borrow to expand & provide a self defeating outcome to spending.
Trump used the Iran War to sideline Powell. War ending outlook changes to real incomes rise & Fed rate cuts can resume.
Warsh can now transition from a hawk to a dove & rates can go back to rising on Fed Cuts instead of War Fears.
The Fuck America Trade is alive & well. LOL
@PauloMacro Math days now that War is over oil demand will rise and prices will go back up. All that’s left is for Warsh to transition from a hawk to a dove this week. LOL