interesting thread i wanted to know more about so i picked these 8 tweets from this thread to seed gpt-3 with https://twitter.com/coloradotravis/status/1407488962847936513 …pic.twitter.com/NvrR9LucAs
Show this thread
-
> And now maybe you also see why "asset bubbles" are the best thing happening to us. Asset prices are a very real signal that we're doing something wrong with our economy and if they deflate, it's really cause for concern!
Show this thread
> Maybe you also understand how bonds can be bad for business during times of recession - because if rates fall when you're trying to run a company, the Fed is implicitly telling you not to save and instead go spend your money.
-
-
> The Fed is tampering with market signals on purpose in order to force-mature debt by running around swinging axes at all the fat parts of the curve. (We could have organically liquidated them but... uh.. yeah... ) Which means we get stuck in recessions.
Show this thread -
> The Fed is trying to destroy the economy by destroying savers. (Which it can't do directly, hence why they're using force.) Once upon a time people had enough sense to save money and that's how we got through recessions!
Show this thread -
> And now they've decided enough is enough. Because who cares if the country goes broke? The government can just make more money anyway, right? So we shouldn't worry about saving any of it at all!
Show this thread -
> The Fed is creating a dystopia. It's like mass suicide! And it's being done at the expense of savers, who are getting hammered by negative interest rates and being disincentivized from saving. Because they want to force-mature bonds without organically doing so!
Show this thread -
> So yeah... if you're sitting on cash, it might be wise to not be too hasty in getting rid of it. Especially if you can put your money to work in places where the Fed isn't pruning (like stocks). Or gold. Or land.
Show this thread -
> But be careful! Don't fall for the bullshit narrative that deflation is bad, because it's not. Deflation is good. It forces us to reallocate resources in a way that we'd have never been able to before this whole recession bubble thing got started.
Show this thread -
> And you know what? Maybe I'm wrong about all of this and the economy will just keep growing forever (despite everything). But if so then why do people like Buffett continue to push for higher savings rates? Why would they do that if growth was just gonna keep on trucking?
Show this thread -
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.