Simply amazing, Rudy. You are an inspiration to so many giving voice to feelings and thoughts they can’t articulate. Your posts saved me on my roadtrip(s) and generally every day from becoming a bit despondent. We are all in this together and I’m so grateful for you and your work.
Success, great coming-out RH, you didn't disappoint. Your audience is the part of that other 1/3 that have the time to think and aren't interested in the color of their jerseys. If more of them can find the time to connect I'm hopeful your influence can evolve into more than enlightened sage, perhaps a movement may spring, or someone will go to jail. As I listened, I don't think it's an accident this was on my twitter feed, pretty sure ZH is a part of your 1/3 and was listening intently as well:
Finally listening to this. Better late than never. Rudy you literally “sound” just like me when it comes to the Fed, the wars etc. I wish I conveyed it as well as you do!
Great interview Rudy. You did a great job too, your nerves quieted down right away.
Thanks for that, I really enjoyed hearing it, and it was refreshing to finally see someone point out what I was finding myself alone in pointing out, the fact that Donald Trump seemed too close to such scum as Jeffrey Epstein.
Regarding your question around the 15 min mark, "Why didn't Powell do it before?", while I certainly disagree with a lot of what Tom Luongo has been saying recently, late last year he gave a reason for why that is which I find quite interesting:
I've heard Luongo's case and hope he's right. I did not expect us to get to 5% after Powell chickened out in 2019. While we had a correction in 2023, markets are now very frothy again and look bullish. Let's see what Powell does if SPX is down 30%. And there's been almost no QT.
Jul 29, 2023·edited Jul 29, 2023Liked by Rudy Havenstein
I remember late 2021 and indeed how unexpected it was there to be interest rates in the age of "transitory inflation".
That is indeed the question "Rudy".
If Zoltan Poszar is to be believed, they shouldn't mind too much.
There are greater, societal make-or-break-it goals to be achieved, at risk of potentially falling behind "Russia/China" (for simplicity) for the next 100, possibly 200 years.
Do you recall "War and Industrial Policy" from August of last year? (I have a brief TL;DR kicker I could share if you'd like). I think it gives a lot of hints to the path forward and you wouldn't find it wasteful to go back to it.
Don't you think China's already gained a lot of ground?
Let's see if it Japanifies in the next 2-3 decades. (I fear that without good diplomacy though, they'll go on the offensive. sometime later this decade looks very plausible IMO as a last resort)
Thank you for all you do from a long suffering Canadian business owner steeped in history as well. I started my journey stumbling on Mike Maloneys series.
I have to say it helps to know there are others out there who can watch this unfold with a sense of humor as well.
Jeremy Grantham is a treasure alongside Jim Grant and it will hurt my soul to see these old fellows pass. I hope young guys like me can take their place and be the voice of sanity as the next generation gets steamrolled by scams. Hopefully we can save a few.
Excellent interview. Grant does have a special appreciation for his work! Thanks for taking the Ruhe & keep up you’re fight Rudy. 🙏💪🎯
Simply amazing, Rudy. You are an inspiration to so many giving voice to feelings and thoughts they can’t articulate. Your posts saved me on my roadtrip(s) and generally every day from becoming a bit despondent. We are all in this together and I’m so grateful for you and your work.
Thank you
Jim Grant 2024
You are now playing in the NBA
Loved it! You should do more of these down the line. Didn’t see non-Wall Street guy coming lol
"I don't like bullies." Amen. My favorite Prussian, with a Cali surfer dude lilt! Well done.
A lilt!
https://youtu.be/R5Q1yVLSR3I
That's me. You nailed it.
Great interview! Thanks for your work here and on Twitter. It has made a big difference.
Same with you
First of many. Loved it. Onwards and upwards RH.
Success, great coming-out RH, you didn't disappoint. Your audience is the part of that other 1/3 that have the time to think and aren't interested in the color of their jerseys. If more of them can find the time to connect I'm hopeful your influence can evolve into more than enlightened sage, perhaps a movement may spring, or someone will go to jail. As I listened, I don't think it's an accident this was on my twitter feed, pretty sure ZH is a part of your 1/3 and was listening intently as well:
https://twitter.com/zerohedge/status/1669543633849131008?s=20
Finally listening to this. Better late than never. Rudy you literally “sound” just like me when it comes to the Fed, the wars etc. I wish I conveyed it as well as you do!
Thanks. I've thought about all this for at least 15+ years.
I hope you’re reading this guy as he’s right up your alley.
https://open.substack.com/pub/imetatronink/p/the-summer-of-fraying-threads?r=1fxdc&utm_campaign=post&utm_medium=web
He's very good.
Loved hearing your backstory, Rudy!
Great interview Rudy. You did a great job too, your nerves quieted down right away.
Thanks for that, I really enjoyed hearing it, and it was refreshing to finally see someone point out what I was finding myself alone in pointing out, the fact that Donald Trump seemed too close to such scum as Jeffrey Epstein.
Regarding your question around the 15 min mark, "Why didn't Powell do it before?", while I certainly disagree with a lot of what Tom Luongo has been saying recently, late last year he gave a reason for why that is which I find quite interesting:
"Because everything's different post covid-9/11."
I've heard Luongo's case and hope he's right. I did not expect us to get to 5% after Powell chickened out in 2019. While we had a correction in 2023, markets are now very frothy again and look bullish. Let's see what Powell does if SPX is down 30%. And there's been almost no QT.
I remember late 2021 and indeed how unexpected it was there to be interest rates in the age of "transitory inflation".
That is indeed the question "Rudy".
If Zoltan Poszar is to be believed, they shouldn't mind too much.
There are greater, societal make-or-break-it goals to be achieved, at risk of potentially falling behind "Russia/China" (for simplicity) for the next 100, possibly 200 years.
Do you recall "War and Industrial Policy" from August of last year? (I have a brief TL;DR kicker I could share if you'd like). I think it gives a lot of hints to the path forward and you wouldn't find it wasteful to go back to it.
BR,
Rafael
Sure, send me a refresher. One thing I'm not very worried about is that the US - with all its faults - falls behind China or Russia in a major way.
Don't you think China's already gained a lot of ground?
Let's see if it Japanifies in the next 2-3 decades. (I fear that without good diplomacy though, they'll go on the offensive. sometime later this decade looks very plausible IMO as a last resort)
The TL;DR is still a page and a half PDF.
Should I post it here?
Or can you give me your email address?
Yes, we sold China (and they stole) a lot of rope to hang us with, but they have problems too. rudy@substack.com should work
Thank you for all you do from a long suffering Canadian business owner steeped in history as well. I started my journey stumbling on Mike Maloneys series.
I have to say it helps to know there are others out there who can watch this unfold with a sense of humor as well.
Jeremy Grantham is a treasure alongside Jim Grant and it will hurt my soul to see these old fellows pass. I hope young guys like me can take their place and be the voice of sanity as the next generation gets steamrolled by scams. Hopefully we can save a few.
Great Rant Rudy!
👏
Well-done! Nice to know where you're coming from.