Musings of the Day, 11/6/22:
Updated setup:
1. Stagflationary setup getting worse not better
2. Fed tightening still not done despite one of fastest/steepest hikes in history
3. USD Wrecking Ball no longer just dependent on Fed hikes
4. 4 Geopolitical Hotspots now vs. 1
Updated setup:
1. Stagflationary setup getting worse not better
2. Fed tightening still not done despite one of fastest/steepest hikes in history
3. USD Wrecking Ball no longer just dependent on Fed hikes
4. 4 Geopolitical Hotspots now vs. 1
The 4 Geopolitical Hotspots I speak of:
1. Russia / Ukraine
2. China / Taiwan
3. Iran / Saudi Arabia
4. North Korea / Japan
I am being generous. It literally is a Geopolitcal Mosh Pit.
1. Russia / Ukraine
2. China / Taiwan
3. Iran / Saudi Arabia
4. North Korea / Japan
I am being generous. It literally is a Geopolitcal Mosh Pit.
Meanwhile, Equities are down only 20% ytd, skew is flat, $VIX has collapsed, and smart people I know/respect really believe we will achieve a Soft Landing.
Color me Skeptical with a Capital S.
Color me Skeptical with a Capital S.
Reposting for all in response to what I mean by USD Wrecking Ball no longer dependent on just Fed.
To my friends in the UK, I am so sorry. It seems we donβt have a monopoly on Stupid.
@ShaneAParrish has a great quote today on the benefits of writing:
βIt demands a real openmindedness and objectivity. It demands a willingness to cull verbiage so that ideas stand out clearlyβ¦β
βIt demands a real openmindedness and objectivity. It demands a willingness to cull verbiage so that ideas stand out clearlyβ¦β
βAnd it demands a willingness to meet logical contradictions head on and trace them to the premises that have created them. In short, it forces a writer to get up his courage and expose his thinking process to his own intelligence."
Decided to take a cold plunge into my unheated pool (about 50 degrees) after my workout today. I might be speaking in a higher octave today, but damn it felt good! Win Hof would be proud!
Now THAT is a Plunge Protection Team. Looks like we're still in the Intervention Matrix. Sooner or later, gravity prevails.
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