Macro Trader; tweeting on rates, FX, equities, commods, life's rich pageant...in roughly that order. Not looking to set the world to rights in 140 characters
The $250k FDIC limit doesn't really exist; that's just a nice story we tell ourselves to make the world seem fairer and neater than it is - in practice, US deposits are effectively guaranteed without limit. Sorry, kids; there is a Santa Claus (and it's you).
Usually remain blissfully unaware of who this website's main characters are, but in a moment of weakness, decided to Google who tf is this twerp, and now I want to know what this is a euphemism for: 'Calacanis also added that he has "played ping pong with Ghislaine Maxwell once"'
It's a nice theory because it plays into our prejudices about this website's absolute worst characters, but no, I don't believe VC podcast thought leaders posting in all caps could or would move the needle on any bank runs.
The economics of Substack completely baffle me. I'm not going to pay $100 a year to read your blog - I could get a decent newspaper subscription for the same price (or less!).
It's Economics Nobel Prize Day. Just a reminder not to be That Guy...
Everybody wants Elon Musk to be forced to buy Twitter, but nobody wants him to actually buy Twitter - quite the paradox.
The Turkish Lira has crashed through the interest rate lobby right into debasement.
You can have the strongest intellectual arguments for buying Argentina century bonds at issue, wielding the finest bond maths known to science. Regardless, when they call in the IMF less than a year later, you will be laughed at. Those are the rules; I don't make them up.
The Gisele Indicator struck again!
Watching European gas prices every day is like being in the worst face-ripping trade of your life without the ability to take a stop-loss....at a societal level. Just sickening.
If the market's going to rally every time Trump rows back on some ludicrous campaigning point, there's no limit to where we could end up.