Φίλιππος
@phileeppos
Keep in mind this is the same guy who thought just 3-4 years ago that we were all going to be spending the future in some kind of crypto-fueled Metaverse. Renaming his company Meta pretty much top ticked the bubble last time around
It’s obvious that Zuck thinks we are right on the cusp of near-unimaginable world changing technology
So Trump definitely diddled some kids, huh?
The 2003 birthday letter to Jeffrey Epstein reported on by the WSJ, bearing Donald Trump’s name and found in a leather-bound album compiled by Ghislaine Maxwell, features the outline of a nude woman and a strange dialogue between Trump and Epstein. In the dialogue, Trump notes…
Knowing how senile he is he may wait until the next meeting, thinking that right now he is "negotiating" with Powell with his threats
Look at the analog here. It's the early 1970s, almost too on the nose. Everyone just kept getting richer and richer after that, right?
US household leverage (liabilities to net wealth) is the lowest in 50 years
My prior on any Levine jane piece is that he bought the "aw shucks I'm just a nerd" routine from SBF right until he was in prison
The jobs report is bullish for USD on its face until you realize it means the mad king is barking for rate cuts to 1% and Powell's resignation even with a strong/ stable labor market. Banana republic
The people who thought Trump telling Powell to resign was a signal about the jobs report forgot one thing - Trump doesn't need a reason to tell Powell to resign
The people who thought Trump telling Powell to resign was a signal about the jobs report forgot one thing - Trump doesn't need a reason to tell Powell to resign
The "line only go up" bros are doing victory laps about SPX hitting new highs, not realizing what's actually happening is their dollars are getting rapidly debased and they're much poorer than they were 6 months ago. That's money illusion for you
Gold has been the top major asset class through the first half of the year.
You don't own enough non USD assets
There’s no realistic scenario where the benefits (above the line) expire in 4 years or the pay fors (below line) are enacted in future. It's wrong to say this is a $3 tln tax cut for the wealthy paid in part by cutting benefits. In reality, it's just $6+ tln of unfunded tax cuts.
The old areas of this map almost perfectly map to where the housing market is the "strongest". Boomers ending their own blood line clinging to houses way bigger than they need. But demographically this is clearly not sustainable. Northeast goes full Japan as the boomers die off?
This is grim.