Off topic….did you delete your post on X this morning re the Fed buying a chunk of the 3 year? I clicked on it and poof….didnt know if X was up to no good again….
I reckon oil priced in gold DOES NOT mean revert. The world is awash in cheap energy, and with AI and robots, and the resurgence of nuclear (and newer tech), supply will get cheaper and more plentiful. Gold is money not subject to productivity and innovation, unlike oil and energy sources.
“ . . . supply chains win wars.” This is the reason we shouldn’t even be discussing going to war with Iran - we can’t win. While we’ve spent the last 24+ years shooting our collective selves in the proverbial face, Iran has spent all the same time preparing for the war the hawktards in DC are pushing to fight. Hell, we can’t even make the Houthis stand down, and they are in one of the poorest countries on earth. (They’ve even forced one of our most powerful navel vessels into retreat.)
Excess hubris always hurts the bystanders more than the arrogant.
Re Merrill-BofA. Note that Salomon essentially taking over Citibank was the first and even worse step. Please bring back Glass Steagall soon, very soon. Hoping Bannon was right…
It was Barzini all along :) https://www.epsilontheory.com/our-true-enemy-has-yet-to-reveal-himself/
Off topic….did you delete your post on X this morning re the Fed buying a chunk of the 3 year? I clicked on it and poof….didnt know if X was up to no good again….
Yes. Andy Constan gave a nice reply https://x.com/RudyHavenstein/status/1919477484367524206
Got it, thanks.
I reckon oil priced in gold DOES NOT mean revert. The world is awash in cheap energy, and with AI and robots, and the resurgence of nuclear (and newer tech), supply will get cheaper and more plentiful. Gold is money not subject to productivity and innovation, unlike oil and energy sources.
“ . . . supply chains win wars.” This is the reason we shouldn’t even be discussing going to war with Iran - we can’t win. While we’ve spent the last 24+ years shooting our collective selves in the proverbial face, Iran has spent all the same time preparing for the war the hawktards in DC are pushing to fight. Hell, we can’t even make the Houthis stand down, and they are in one of the poorest countries on earth. (They’ve even forced one of our most powerful navel vessels into retreat.)
Excess hubris always hurts the bystanders more than the arrogant.
Re Merrill-BofA. Note that Salomon essentially taking over Citibank was the first and even worse step. Please bring back Glass Steagall soon, very soon. Hoping Bannon was right…
Muy Bueno!
Danke