4/10/25

In the first Trump administration the so called guardrails protected the country from Trump's worst impulses. This time he and his enablers have quickly removed the guardrails and what we're…

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4/9/25

Ah, data points. They chickened out. Now we know what's going on. He's a mad king just throwing temper tantrums, indulging his emotions and everybody else is playing catch up.…

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4/9/25

Maybe there is actually a plan. Crater the stock market. If it drives interest rates down/flight to safety, great, refinance the debt. If rates go up and refinancing the debt…

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4/7/25

Game on. Finally thing are getting interesing. I've got a couple of thoughts I want to jot down before I forget them. 1-It seems like Trump is following Putin's mistake.…

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11/7/24

So how is this going to work out. Obviously Trump and the republicians will cut taxes like crazy. They'll try to cut spending too, but since republicians aren't really any…

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11/6/24

Anyway, when i started to write earlier i meant to go in a different direction. I feels today as though everything is different and I'm not sure why. Putatively what…

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11/6/24

I vaguely remember writing in an old financial diary on the day after Obama was elected and with the stock market collapsing. Today the market is up almost 3% and…

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6/24/24

What if everything about valua analysis, or momentum trading or growth or anything else was completely beside the point, not irrelevant exactly, but just so completely overwhelmed by another force…

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3/13/23

Finally things got interesting. I think I am starting to lose all interest in the stock market as it becomes apparent that the rules governing the game change whenever necessary…

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3/8/23

So the stock market is unstoppable. Higher rates, no problem, a few down days then the goods times roll again. So where and when does reality catch up? Valuations are…

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12/13/22

Hmm, the stock market rallied hard, for a little while, on the news that inflation was slightly less than expected. Enthusiasm seems to be waning now, by almost noon. Wonder…

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10/8/22

Well, well, well, the stock market is finally getting interesting. Actually it is the bond and FX markets that are getting interesting but I'm too stupid for those so i…

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6/22/22

Let me see if I can describe the current inflation situation. We had economic disarray resulting from the pandemic which included sudden spikes and drops in supply or demand in…

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4/23/22

Why are the simplest things the hardest to learn? It came to me the other day, the quaint notion of investing in public markets was already dead by the time,…

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2/7/22

There are an awful lot of good things about capitalism-private property owenership, competition leading to greater efficiency and innovations, personal inititive, the general compatability of capitalism with freedom, reward for…

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12/28/21

This is totally obvious and yet also completely obscured. Just freeze time for a minute. Think of everything that exists in the world, or to make it simple let's just…

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12/25/21

Let me see, MMT is the acknowledgement that the government can spend the money it prints to make things happen in the economy and its only constraint is inflation which…

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12/18/21

While I was thinking about the previous post, and who knows why, this thought came into my head, although mostly unrelated to the topics i usually contemplate here, I'll record…

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12/18/21

Last night, just before i went to sleep, after exhausting myself watching Seinfeld reruns, for some reason i started thinking about Lact Hunt's comment that an economy which gets overburdened…

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12/13/21

If the role of government can be described by saying that it directs assets toward some groups and away from others through the process of taxation, subsidization and legislation, then…

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