SmallCapSteve

Trading, Focus on small caps / microcap investing.
#gold #smallcaps #mining #silver #uranium #basemetals #copper

[SmallCapSteve @smallcapsteve]

@JordanNReid Income earned isnt the same thing as wealth.

Wealth relates to overall assets owned.

Lots of people in the 97th percentile of income earners dont even own a house.

[SmallCapSteve @smallcapsteve]

The 5% level on the US 10 Year has been a key level dating back to 1993. Acting as support and then resistance.

[SmallCapSteve @smallcapsteve]

Imagine what the bond market would look like if there wasnt a huge pool of capital betting on a big print.

[SmallCapSteve @smallcapsteve]

Deficits are picked to meet GDP growth. Best way to get there is picking palatable ways for people to accept. "Free money" works better than wars with the main street voter. Own gold.

[Libertarian Party @LPNational]

Democrats mailed $1,400 checks in 2021 and called it relief. Republicans are promising $5,000 checks in 2027 and calling it a dividend.

In both cases, the money is borrowed, and in both cases, the repayment comes back to you.

[SmallCapSteve @smallcapsteve]

As bond yields around the world keep climbing, governments are left with two options:

1. Let interest rates and austerity crush the economy
2. Let inflation crush the economy

The moment Ben Bernanke said "quantitative easing," we knew which one politicians would choose.

[SmallCapSteve @smallcapsteve]

@dewayna44 @TheDeepDive_ca Not enough hours in the day for the two of us to be one person.

[SmallCapSteve @smallcapsteve]

So CBC did a 10 minute segment on Carney's investment forum. Most of the companies were mining and infrastructure projects.

CBC spent half their time talking about the protesters..

[SmallCapSteve @smallcapsteve]

@lastofthefranks I cant tell if the protesters are useful idiots or paid by NGOs. CBC also claimed there were over a thousand and then showed video of a couple dozen.

[SmallCapSteve @smallcapsteve]

@MatBabiak Smart man!

[SmallCapSteve @smallcapsteve]

Dr. Pepper is the best soda in the world. I will die on this hill.

[SmallCapSteve @smallcapsteve]

@invertedfragil1 I drink the sugar DP on special occasions.

[SmallCapSteve @smallcapsteve]

Nothing has made 'economic sense' since Ben Bernanke first said the words "Quantitative Easing"

[CNBC @CNBC]

Trump's $5,000 election dividend checks make 'no economic sense,' economist says https://t.co/xXCRQEMEoc

[SmallCapSteve @smallcapsteve]

A casual $1.4 trillion dollar spend.

[The Dive Feed @TheDeepDiveFeed]

Trump pledges $5,000 dividend payments to every American adult if Republicans win the midterms.

[SmallCapSteve @smallcapsteve]

@majgeoinvesting Some people find cement arousing. Just saying...

[SmallCapSteve @smallcapsteve]

It's the culture. Suicidal empathy.

Decades of peace and prosperity led people to self-hatred and virtue signaling; where the answer to every problem is 'the government can fix it.'

Millennials and boomers in the western world have been trained to care more about what people think of them than anything else.

Many young women won't even date a guy who simply believes in small government.

If you ask many of them. How much should we pay teachers, give to seniors, pay to disenfrancished communities, etc? The answer is always: more... and never nuanced.

No underlining understanding of the economics of what they are suggesting...

And now 1 in 6 Canadians dont have a doctor, young people cant afford a home or get a sustainable job, we pay obscene amounts of taxes for substandard services, criminals don't have consequences, I can go on.

Of course you know all this and got out. Which would be my preference if I didn't have a wife and kids.

[SmallCapSteve @smallcapsteve]

@lioness0817 @CanadianForces That's too much work for Canadians. All they care about is being 'perceived as being ethical.' Having real nuanced conversations about real problems, is beyond their personal scope.

[SmallCapSteve @smallcapsteve]

Dont love your job. Job your love.

[Paul Xue @pxue]

If I had to decide between getting $1M in CAD vs $1M in USD I'd take $1M Canadian every day of the week

Y'all are sleeping on Canada

[SmallCapSteve @smallcapsteve]

Warsh says the Fed "has more work to do" on inflation. Which work? He quit the Board over QE2 in 2011 and spent a year attacking the bloated balance sheet. Now he runs the place, QT is still off, the Fed is still adding bills, and core PCE is 3.3%. Talking about a regime change isn't one.