Economics
A place to talk about finance and the economy
@papa
Nike
https://x.com/kobeissiletter/status/2096317768408703022?s=46&t=Mzh82nbovTS2hVetWoCw4A
2 replies
4 recasts
14 reactions
0 reply
1 recast
1 reaction
@eddieosh
"The dollar isn't weakening. It's being digitized. And the institutions digitizing it aren't crypto startups in El Salvador. They're Goldman Sachs and Bank of America and Deutsche Bank, operating under Treasury's rules, holding Treasury's bonds, screening transactions through Treasury's sanctions office."
https://x.com/TheDebriefing17/status/2095516106655924501
1 reply
3 recasts
6 reactions
@darrylyeo
Fantastic economics history lessons coming from Andrei Jikh’s YouTube channel lately.
Topics covered: the U.S.’s plan to return to Alexander Hamilton’s economic system, the trilemma that pressures the U.S. to continue devaluing the dollar, and why the U.S. is exporting gold to China.
https://youtu.be/dFjvcY9Tth0
1 reply
1 recast
9 reactions
0 reply
0 recast
2 reactions
@papa
“The market can stay irrational longer than you can stay solvent”
108% of Avis stock owned by two hedge funds who were squeezing short sellers that bet against the company due to weak underlying fundamentals ($28bn debt, slowing sales)
Nearly 58% of stock was short before they put on the squeeze and bought all outstanding. Now shorts have to sell at inflated prices to get out. Stock up 6x in a few months, finally coming down, well explained here
https://x.com/pivot2centre/status/2046722410422935974?s=46&t=Mzh82nbovTS2hVetWoCw4A
0 reply
0 recast
11 reactions
@mikeabundo
Rich countries stay rich by keeping the ladder up.
Kick it away and the guillotines come out.
0 reply
0 recast
0 reaction
@eddieosh
What?
https://sethackerman.substack.com/p/europes-productivity-keeps-outpacing
0 reply
0 recast
0 reaction
@darrylyeo
Illuminating interview with U.S. Secretary of Commerce Howard Lutnick on the methodology and day-to-day of negotiating American economic foreign policy.
Incentives really are everything.
https://youtu.be/fd6QaEJOjvI
0 reply
0 recast
2 reactions
@bfg
Re: AI, robotics, deflation, cheaper everything …🚨
I guess it’s good to clarify couple of things that are being thrown around out of context:
1. AI & robotics advances leading to cheaper production of everything (>90% chances it will happen)
But cheaper in a meaning of
- today’s prices
- or prices of assets that don’t devalue (think gold, Swiss Francs, maybe BTC)
- or cheaper in a meaning of taking less time and resources.
2. In nominal terms prices will never really fall down because it would destroy the economy that’s based on debt - which is our (everyone’s) current system
So however weird it may feel - prices in nominal terms will only go up even when resources and time needed to produce things will go down. 🤷♂️
Sorry to disappoint those who got sold only on half of the truth. 🙈
1 reply
17 recasts
24 reactions
@papa
15 year anniversary of the big short
Michael lewis series went back and spoke to a bunch of the real characters including MB himself
https://www.pushkin.fm/podcasts/against-the-rules/michael-burry-speaks
5 replies
4 recasts
259 reactions
@mikeabundo
Bullish scenario:
Regime change in Venezuela → sanctions ease → oil supply rises over time → energy inflation cools → central banks get cover to ease → capital pressure loosens.
0 reply
0 recast
1 reaction