I am also long commodity cos, though not iron ore. Gold is very crowded so I avoid. More so, too Unclear to me what is the exact path of real rates from here (maybe first up then down?)
If the US treasury is no longer risk-free, then what are financial assets around the world worth? What is AAPL and MSFT worth with a bankrupt US government?
Because of the strong demand in short duration treasuries and big tech stocks, and because of dropping inflation rates and credit supply, what is happening in the long duration treasuries has more to do with the games that the Bank of Japan than what the market thinks of the US government and economy.
A modern economy circulating products and services throughout the world doesn’t need money or sovereign countries (national currencies) to be successful. Today, we’ve the scientific knowledge and technological skills to convert our natural and artificial resources into daily, life-sustaining deliverables: food, housing, education, healthcare, infrastructure, employment, and other important demands. What we lack is unity, a global framework built upon fair and humane laws and safe and healthy industrial practices. I hypothesize that humanity can end poverty and reduce pollution by abandoning wealth and property rights, and instead adopt and implement an advanced resource management system built to provide “universal protections for all”. Replacing traditional political barriers altogether, this type of approach, which I named facts-based representation, allows us a better way to govern ourselves and our communities. In other words, collective decision-making processes based on the latest information that, in turn, improve the outcomes impacting our everyday personal and professional lives.
I was curious if you have seen the substack by Mike Green referenced above? If Mike is correct could this be a countervailing pressure to the factors you mention in your piece?
Excellent analysis as always 👍
Thank you my friend
A text, why i am here for
Thank you!
" I am also still broad US indices, Unprofitable Tech and large-cap Tech as these areas are most vulnerable to higher bond yields"
Do you mean you are also still "short broad US indices..." ?
Correct, sorry about the typo…
If you see long term high inflation and negative real interest rates, why are you not long gold and commodities (other than US oil producers)?
I am also long commodity cos, though not iron ore. Gold is very crowded so I avoid. More so, too Unclear to me what is the exact path of real rates from here (maybe first up then down?)
If the US treasury is no longer risk-free, then what are financial assets around the world worth? What is AAPL and MSFT worth with a bankrupt US government?
Because of the strong demand in short duration treasuries and big tech stocks, and because of dropping inflation rates and credit supply, what is happening in the long duration treasuries has more to do with the games that the Bank of Japan than what the market thinks of the US government and economy.
A modern economy circulating products and services throughout the world doesn’t need money or sovereign countries (national currencies) to be successful. Today, we’ve the scientific knowledge and technological skills to convert our natural and artificial resources into daily, life-sustaining deliverables: food, housing, education, healthcare, infrastructure, employment, and other important demands. What we lack is unity, a global framework built upon fair and humane laws and safe and healthy industrial practices. I hypothesize that humanity can end poverty and reduce pollution by abandoning wealth and property rights, and instead adopt and implement an advanced resource management system built to provide “universal protections for all”. Replacing traditional political barriers altogether, this type of approach, which I named facts-based representation, allows us a better way to govern ourselves and our communities. In other words, collective decision-making processes based on the latest information that, in turn, improve the outcomes impacting our everyday personal and professional lives.
#ScientificSocialism
Comrade, this never works except in the utopian fantasies of dreamers' and academic goofs with no real world knowledge.
Every new solution starts on paper.
https://open.substack.com/pub/michaelwgreen/p/whats-good-for-gm-is-good-for-america?r=ha9y&utm_medium=ios&utm_campaign=post
I was curious if you have seen the substack by Mike Green referenced above? If Mike is correct could this be a countervailing pressure to the factors you mention in your piece?