5/16/21
Let me see if i understand all the parts. The Fed has to keep going with QE/money printing whatever you want to call it because reversing course would be catastrophic…
Let me see if i understand all the parts. The Fed has to keep going with QE/money printing whatever you want to call it because reversing course would be catastrophic…
What the hell is going on? Plywood headed toward a $100 a sheet, steel prices tripling, houses prices completely beyond any reasonable attachment to wages, the stock market on a…
Drove by an old powerhouse the other day. It had been converted into a retail mall because it was a good sized powerhouse despite the relatively small size of the…
I remember reading over the years, various places, but enough so that I came to believe it, that inflation couldn't really get going until there was wage inflation, and globalization,…
I was just reading about Substack and how it pays its star writers a base "salary" while thousands of other hopeful writers contribute free content to the site in the…
Seems to me that most economic theory is based on some idea scarcity and deprivation. People work, in the simplest analysis, because they want to eat. There might not be…
Here's a novel idea, or rather, a novel way of looking at two problems. First is the problem of what what call capitalism, which has clearly broken down in some…
Maybe the whole explanation for every asset crazily mispriced relative to future possible cash flows is reserve currency. Money is free, at least the richer you are the cheaper it…
This history of financial markets is one of boom and bust. So be it. Everyone who reads a little about markets quickly learns this. What is different this time is…
It all makes sense to me now. Leonard Cohen was right. Everybody knows. It's a rigged game. I've been puzzling about how it is possible that any human being intelligent…
Had an interesting talk with a friend the other day. His take is that all of the talk about companies, earnings, rotation, the usual bullshit, which seems, on any logical…
I guess it is becoming clear that the governments around the world will support the equity markets with liquidity and eventually actually buying shares. On the consumer side the government…
Not strictly a financial post, but i haven't seen anyone else make this comment and, if true it would certainly have bearing on the markets. Lots of people are remarking…
When the stock market is going up it is functionally indistinguishable from a Ponzi scheme. The only limiting factor is new participants or an endless supply of money for the…
Maybe the stock market is some sort of doomsday machine. We've so contorted and perverted capitalism and the good qualities of markets, focusing everything on the gambling house that is…
Thought experiment. Actually a several part thought experiment. First, what is wrong, and I mean the big, stupidly obvious shit, like the illusion that this is a capitalistic system, the…
Went to tractor supply yesterday and got some parts i need for the logging winch I am trying to rig up on our old forwarding trailer. I've driven by a…
What is the result of all the money being thrown at people and companies? Leaving aside inflation, moral hazard, debt, competition, what's really happening here? It seems to me that…
As the economy falls apart and the stock market soars back toward its all time high (not there yet and perhaps it will miss the bar like a trapeze artist…
It's so simple and obvious, the system is, and has been since about 2000, or maybe 1998 and LTCM, a system in which the "capitalist" cannot lose because they will…