You have trespassed. Your penalty. You choose Bongo, Bongo Bongo or death. Little did the adventurers know that that death was death by Bongo. The salve was told to buy fish for the king. He did and it was spoiled. King gave him three options for punishment. Pay 100 gold minas, get 100 lashes or eat the fish. Slave chose lashes. Got whipped 80 times and yelled stop. So he decided to eat the fish. Got 80% done and said stop, I'll sell myself to you forever for the minas. And so it goes. We get whipped, eat the fisn and get sold into slavery anyway. Maybe death by Bongo is better....
Thank you as usual. Excellent post. That Bloomberg article on the LP implosion (one year late) is going to be quite an eye opener for MSM in my opinion.
Here ( https://www.youtube.com/watch?v=oCZ8Zxqc5fI ) is an excellent podcast with Gundlach and Rosenberg. It probably goes over a lot of the same stuff that you cited in the other podcast Gundlach was on, but I just thought this one was fantastic. Gundlach talked about how inflation first showed up in the goods sector, then cycled into services, and now appears to be moderating. I don't think it's moderating at all, it's just now cycled into financial assets.
Between PE and RE there seems to be A LOT of "liquidity challenges" that are being papered over. Then consider the pension funds, endowments, insurance companies, and so on with ever-increasing investments in these opaque areas. Seems bad!
Unfortunately for capitalism, today the definition seems to be, “Suck out every piece of marrow that you can.” You need look no further than rental real estate and the use of Real Page’s Yield Star software to “optimize” rents… https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent.
It’s no wonder that socialism is gaining popularity amongst the up and coming generation. It certainly is not the solution but, who’s setting an example on the virtues of capitalism?
Agreed. Curious if socialism, fascism, communism can exist with free market money. I think I know the answer but knowing the answer and expecting (or hoping) for the world to wake up to the grift is a frustrating daily experience. It reminds me I need to touch grass and tune out… until tomorrow.
Discussions about inflation and interest rates ignore the reality of inflation, using BLS rates which have been beaten into submission. As in hedonic adjustments which credit nifty improvements while ignoring the far greater reductions in quality in the life of assets. Appliances are a joke, cars have been an exception but many can no longer be fixed—EVs a travesty. Your old GE stove or refrigerator lasted 50+ years. Try to get 7 out of one today. Further hidden inflation
You have trespassed. Your penalty. You choose Bongo, Bongo Bongo or death. Little did the adventurers know that that death was death by Bongo. The salve was told to buy fish for the king. He did and it was spoiled. King gave him three options for punishment. Pay 100 gold minas, get 100 lashes or eat the fish. Slave chose lashes. Got whipped 80 times and yelled stop. So he decided to eat the fish. Got 80% done and said stop, I'll sell myself to you forever for the minas. And so it goes. We get whipped, eat the fisn and get sold into slavery anyway. Maybe death by Bongo is better....
Thank you as usual. Excellent post. That Bloomberg article on the LP implosion (one year late) is going to be quite an eye opener for MSM in my opinion.
Here ( https://www.youtube.com/watch?v=oCZ8Zxqc5fI ) is an excellent podcast with Gundlach and Rosenberg. It probably goes over a lot of the same stuff that you cited in the other podcast Gundlach was on, but I just thought this one was fantastic. Gundlach talked about how inflation first showed up in the goods sector, then cycled into services, and now appears to be moderating. I don't think it's moderating at all, it's just now cycled into financial assets.
Thank you. Hadn't seen this one. I like Gundlach. Dave's been talking about deflation forever so I tend to tune him out lately.
Between PE and RE there seems to be A LOT of "liquidity challenges" that are being papered over. Then consider the pension funds, endowments, insurance companies, and so on with ever-increasing investments in these opaque areas. Seems bad!
Ac - dc clip - Swanston Street in Melbourne, one of the main drags. A blast from the past ... when life was simpler.
Unfortunately for capitalism, today the definition seems to be, “Suck out every piece of marrow that you can.” You need look no further than rental real estate and the use of Real Page’s Yield Star software to “optimize” rents… https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent.
It’s no wonder that socialism is gaining popularity amongst the up and coming generation. It certainly is not the solution but, who’s setting an example on the virtues of capitalism?
I think what we have is more akin to fascism. A big govt/big biz partnership.
Agreed. Curious if socialism, fascism, communism can exist with free market money. I think I know the answer but knowing the answer and expecting (or hoping) for the world to wake up to the grift is a frustrating daily experience. It reminds me I need to touch grass and tune out… until tomorrow.
Another note: Best term for Fed strategy, comes from Kuppy Kupperman, “Project Zimbabwe”.
Discussions about inflation and interest rates ignore the reality of inflation, using BLS rates which have been beaten into submission. As in hedonic adjustments which credit nifty improvements while ignoring the far greater reductions in quality in the life of assets. Appliances are a joke, cars have been an exception but many can no longer be fixed—EVs a travesty. Your old GE stove or refrigerator lasted 50+ years. Try to get 7 out of one today. Further hidden inflation
"open house, free beer" hahahahaha