Wake up in the morning, where's my little China gold?
"Gold is the reciprocal of the world's faith in the world's central banks"
Jim Grant
Ron Paul and Citadel Intern Ben Bernanke in 2011
Gold is a handgun you keep in a drawer and hope you never need.
The people who massively benefited from ZIRP and QE really miss ZIRP and QE. They don't care about the cost of living because they're rich and levered-long.
Ben Bernanke earned his millions in 2020…
Lisa: "Is there a Long Term Capital Management?"
Damian: "I don't like to think Citadel - I'm kidding! I'm joking! I never said that!"
Damian, Later: "I have to apologize to Ken Griffin because Citadel is a wonderful company..."
This is a great story about the incestuous circular demand for Nvidia that is “at least partially” coming from…Nvidia:
Keep reading with a 7-day free trial
Subscribe to A Havenstein Moment. to keep reading this post and get 7 days of free access to the full post archives.