Doug

If you can’t trust people with freedom, how can you trust people with power?

[Doug @RelativeValueD]

@TTCSteve Thanks for sharing Steve as always. As it stands it seems like a good chance of the extension

[Doug @RelativeValueD]

@TTCSteve We are right into Northern hemisphere weather markets and more specifically us corn/bean belt weather which takes precedence for me right now and need to be willing to change my mind each 6 hr weather update but with current forecast it looks like a flat b

[Doug @RelativeValueD]

@TTCSteve It certainly is. Big risk point for grains and oilseeds tomorrow with USDA stocks and acerage report.

[Doug @RelativeValueD]

@TTCSteve Thanks Steve I get the US is the optimum. Perhaps I am asking a question that is hard to answer in this format. If you are ever willing to have a chat another medium please let me know.

[Doug @RelativeValueD]

@TTCSteve What countries would you try to avoid over this period? (Family, friends and capital)

[Doug @RelativeValueD]

@TTCSteve Thank you Steve, very generous of you. Best wishes for 2023

[Doug @RelativeValueD]

@TTCSteve @DatDudeDanny I would have thought governments tax everything they can in this environment and assets that can’t move like real estate are prime candidates.. Would you include Aussie property in that general view? Seems Aussie consumers have a big debt problem to me.

[Doug @RelativeValueD]

@TTCSteve Inflation: As high as it takes for the average person to wake up to how destructive the current “progressive” agenda is. Given it’s arguably a replacement for tradition religion for many (climate change, woke etc) I am fearful how long and ugly this process will be…

[Doug @RelativeValueD]

@TTCSteve It’s been a remarkably brutal move, ignoring a very bullish usda acre report on the 30th of June and stopping out all the fundamental traders. Nowhere else did I see a call anything like this, well done!

[Doug @RelativeValueD]

@TTCSteve Hi Steve based in Singapore currently, I assume owning export dollar earning assets is one of the pillars to managing local fx exposure. Managing market/price exposure is one thing but the unpredictable politics of what’s coming could be even harder to navigate I fear.

[Doug @RelativeValueD]

@TTCSteve Twitters limits on characters can create communication issues unfortunately. I meant I appreciate and find your responses helpful (not PE for trading). So 1970s style big increase in real assets in absolute terms not real. If so agree

[Doug @RelativeValueD]

@TTCSteve I meant I find your responses very helpful not PE, character limits on Twitter can create some communication obstacles! My base care is a 1970s style event where large increase in most hard assets in absolute terms but many assets make no gains or loose in real terms..

[Doug @RelativeValueD]

@Eamonnn19642012 @TTCSteve “Those that fail to learn from history are doomed to repeat it.” Unfortunately for the minority that are trying to learn from history we will be dragged along to learn these painful lessons again…

[Doug @RelativeValueD]

@TTCSteve I find them very helpful! A great reference using the final stages of a commodity rally. I agree on the debt and pension ponzi but my expectation is these and other factors will be bad for company real earnings so is this largely an expectation of a hyperinflation event?

[Doug @RelativeValueD]

@TTCSteve Hi Steve, I really appreciate all you share and likely another frustrating question for you.. How do you reconcile this view with current PE ratios (not a great benchmark but blunt enough for here) Further expansion in PE ratio’s, significant inflation increasing earnings, etc?

[Doug @RelativeValueD]

@TTCSteve It’s just shocking they continue to double down on these policies when the terrible outcomes are not just theoretical but in plain sight. It’s hard rationalise the motivation of these numbskulls

[Doug @RelativeValueD]

@OlegLevchenko3 Hi Oleg my thoughts are with you, your family and the rest of Ukraine at this time. Best wishes mate

[Doug @RelativeValueD]

@TTCSteve Agree with your comments but I can’t see any of those having a big effect on the short term situation and unfortunately the Milley/Blinken clowns are going to continue doing long term damage while this hopeless administration is in charge…

[Doug @RelativeValueD]

@TTCSteve Any view on potential de-escalation pathways?

[Doug @RelativeValueD]

@TTCSteve Market is locked limit up. Currently trading ~13.46 synthetically and as high as 13.87 during the day session with shorts still stuck…