SWS

‘most of the world is driven by narrative not arithmetic, over time arithmetic is real and narrative is just that...’

[SWS @swinsts]

@AdamBandt Are you serious Comrade?

[SWS @swinsts]

@respeculator Govt morons

[SWS @swinsts]

@GRDecter And FCF of $20 billion per annum

[SWS @swinsts]

@FreightAlley there will be nearly 50% more 777s built...

[SWS @swinsts]

@DavidCrisafulli With govt owned generators funding govt owned network awash with govt debt....why the surprise?

[Mal Peters @peters_malcolm]

Should flying between Canberra and Sydney be abolished?

The French Gov.recent ban short-haul domestic flights between cities that are connected by a train or bus trip of less than two and a half hours has sparked debate this week Australia could follow https://t.co/y2qIXs8Ric

[Samuel Goodwin @SamuelWHG]

Adam Smith describing a market relationship that some still can't grasp 250 years later @cjoye

[David Moser @david__moser]

I've lived in China for 30 years, and I've never seen such a brazenly open and sustained expression of rage against the PRC govt. WeChat is exploding with protest videos and furious vitriol, and civil disobedience is becoming rampant. This is a serious test of CCP governance.

[GREGG SCHOENBERG @G3Schoenberg]

This is the best fxckin tweet thread I’ve read all day…

[SWS @swinsts]

@jvisser_weiss RBA meet monthly and based on that have more flexibility than FED - RBA will still do 25bp in each of Nov/Dec/Jan/Feb for 3.6% terminal rate with risk of 25bp less....

[Jesse Felder @jessefelder]

'When S&P 500 profits exceed NIPA profits by 20%, it is a signal that reported profits are being generated largely by accountants. Usually this means that the economy is on the brink of a recession and that the stock market is about to take a beating.' https://t.co/NuBkmyKkAc

[Tier1 Alpha @t1alpha]

"With Druckenmiller's recent prophecy that markets will remain flat over the next 10 years, it seems like a good time to share an update on the chart below. With this in mind, it's easy to see where he may have gotten such a morbid outlook on equities."

https://t.co/7cXadYOQXJ

[Sam Ro 📈 @SamRo]

"Once inflation is above 5% in advanced economies, it takes on average 10 years to drop to 2%" - BofA

[Aswath Damodaran @AswathDamodaran]

Inflation has been the big story of 2022, driving markets and pushing central banks and policy makers to react. I update my posts from earlier this year on inflation to reflect what we learned this summer about inflation's persistence & unpredictability. https://t.co/ebNEMbdcFP

[SWS @swinsts]

@jvisser_weiss While this is container rates - the key piece that has been missed is the massive uptick in air freight with passenger flights (international) reaching levels comparable to 2019 - this means the extra freight capacity put on by dedicated freighters is now excess...

[Peter Schiff @PeterSchiff]

The yields on a 5-year U.S. Treasury is now 3.94%, the highest since Nov. of 2007. 5.25% will be the highest in 22 years. The low interest rate environment that has propped up an overly-indebted U.S. economy is crumbling. Soon the entire house of cards built on top will collapse.

[SWS @swinsts]

@discussthetape Perhaps a bull market in pessimism looks apt given the events of the week and performance of markets.

[Jordi Visser @jvisserlabs]

Building permits over last four months are now down close to 17%. The last three times we saw that kind of weakness, we were in a recession or headed into one.

[SWS @swinsts]

@discussthetape It’s a bloated bit of VC rubbish.

[Aswath Damodaran @AswathDamodaran]

Last year, I argued that ESG was the most overhyped, and oversold concept in business (https://t.co/jRgAchR4IN), and heard from people who felt I was missing its good points. After a year of searching, I still cannot find them.. https://t.co/mHUyIWpAKe