Yield curve is inverted Increased centralization in the financial industry & regs that promote stupid risk-taking now proven to be backstopped by taxpayer funds No one has any equity this time to pull out, just a bunch of maxed out 23% apr credit cards & 75k in student loans
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Several industries are in the toilet with no end in sight Labor force participation rate is lower Higher ed bubble is in full-on drug-induced hyperdrive Gov’t debt, of course, is beyond incomprehensible and still set to go parabolic from here
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Despite all this, economic & fiscal Baghdad Bob-esque soundbites being fed to the public daily by people who shouldn’t be in charge of a fucking savings account Many are buying in with optimism & a complete disregard for underlying factors
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On top of all of this, moronic, 78-dimensions chess trade war that’s having its negative side effects being funded by the taxpayer MMT World-wide trade crash at the same time nearly every country’s CB is losing grip on the controls & reality
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Still think it was a bad tweet? I don’t even think it scratched the surface.
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the follow on info was decent. the original tweet, standing alone, and talking about feelings was (and is) a bad tweet
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I'd like to dig into the followon tweets but I don't have time now
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Do you mean the joke about a missed jobs report being bullish? I don’t know that feelings had anything to do with it, I’m watching /ES jump right now - so it seems I was right. Respectfully, I work in this industry, I have one or two correct thoughts on all this.
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I mean this "Somehow things seem way worse than they ever did over a decade ago, yet no one knows it yet. " It's vague, forboding, has no data, and criticizes other people for not understanding a thing that you yourself say "somehow"
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It was not meant to be analyzed at the word level, I could have spoken more concretely, sure. But as I’m able to back the statement up and explain if needed, I don’t really feel the need to spend 5 minutes I don’t have crafting a snarky tweet. Not everything I do here is serious
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> It was not meant to be analyzed at the word level ah
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The overall meaning of the tweet, which I think gets across the general sense that things are out of control, is there, IMO. If you disagree then I understand, although I feel differently
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I got the emotional payload. What I object to is an emotional payload with absolutely no cites ... and actually one explicit rejection of argumentation ("somehow"). I stand by my evaluation of it as a bad tweet...but I'm not the tweet police, so /shrug
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