The economic cycle is tied closely to demographics, debt, and deficit. If you agree with this premise and the data, then the media’s optimistic views are unlikely... rationalizing high valuations today will likely lead to disappointing future outcomes.
"You have lost $2 billion of money that wasn't his to begin with but that he has been telling the world he has. My advice to you is to leave town." This is also my advice to the people at Softbank running money for MBS with the same strategy.
"Either it collapses politically by creating a swing of the political pendulum against it... or it will be the comeback of inflation which will end the bubble..."
Falling prices, the outcome of commercial competition and sound money are more aligned with the interests of ordinary people, but that is so derided by neo-Keynesians that today almost without exception everyone believes in inflationism...
Real Vision CEO Raoul Pal is joined by senior editor Ash Bennington to reflect on the latest financial newsflow as well as Real Vision’s new projects. After…
Unfortunately due to "helicopter money" it is unlikely that the exploding deficit will ever shrink again until the monetary system is overhauled... or collapses.
Apple is sliding today, after JPMorgan published a note warning that based on recent surveys, iPhone sales are "moderating substantially" ahead of the iPhone 12 launch,
...will conduct a test of all its exchanges operating from their secondary locations on Sept. 26 to “confirm the industry’s ability to seamlessly move live trading out of New Jersey,”
"our observations have not changed since our previous report"... "despite the recent volatility, the demand for calls continues to dominate the NDX volatility pricing."
August was a truly history month combining a "vortex of concentration" + new retail + optionality in a historic blow-off top. September was the hangover.
