Indeed, I think people have been underestimating and are going to be shocked at the degree of impact the inflation reduction act has on infra and construction. Company calls have been talking about how packed their order books are, projects upon projects just lined up.
What about the debt? Did you know that economics isn't a hard science, so who ever wins the Nobel prize isn't necessarily the best economist but merely speaks the most popular talking points the loudest? This is all fine analysis to keep things going the way they are, which is a system of debt spending certain to crush the value of the dollar and our savings. Cryptocurrency will change the world because irresponsible and dishonest economists like you support all the Keynesian debt spending that is simply not sustainable. We are headed for economic catastrophe because of reports like this that don't admit there is a problem with giving away free money. This isn't a delicate economic push-pull. This is a runaway debt train headed to failure. Our monetary policy is shortsighted and will eventually collapse, if we continue our free money give away. Our dollar will become worth less and less until eventually it is totally worthless. Why didn't you mention how the increased manufacturing costs, increased military spending, increased public debt burden service and increased money supply will result in higher costs and overall inflation? Why not mention that?
He is a trader, and substack writer, not a congressman.
And the $ is not going to 0, at least not in a tradeable timeframe.
Cryptocurrency is interesting, had promise, but so far done more harm than good to people in the developed world, so premature to hail crypto as a messiah (if it ever will happen, me doubts).
Indeed, I think people have been underestimating and are going to be shocked at the degree of impact the inflation reduction act has on infra and construction. Company calls have been talking about how packed their order books are, projects upon projects just lined up.
A) I’m not an economist, I’m a trader
2) jfc ffs
Great piece.
These acts super important, and people should read through them, and focus less on name calling and talking points on TV.
What about the debt? Did you know that economics isn't a hard science, so who ever wins the Nobel prize isn't necessarily the best economist but merely speaks the most popular talking points the loudest? This is all fine analysis to keep things going the way they are, which is a system of debt spending certain to crush the value of the dollar and our savings. Cryptocurrency will change the world because irresponsible and dishonest economists like you support all the Keynesian debt spending that is simply not sustainable. We are headed for economic catastrophe because of reports like this that don't admit there is a problem with giving away free money. This isn't a delicate economic push-pull. This is a runaway debt train headed to failure. Our monetary policy is shortsighted and will eventually collapse, if we continue our free money give away. Our dollar will become worth less and less until eventually it is totally worthless. Why didn't you mention how the increased manufacturing costs, increased military spending, increased public debt burden service and increased money supply will result in higher costs and overall inflation? Why not mention that?
https://imgur.com/a/c3zOOCZ
I read your piece and you give me back blurred words? America has a serious debt problem and staying ignorant about it doesn't help. shame on you
I’m genuinely sorry. Here, this one doesn’t have any blurred words:
https://imgur.com/a/SGo4alw
He is a trader, and substack writer, not a congressman.
And the $ is not going to 0, at least not in a tradeable timeframe.
Cryptocurrency is interesting, had promise, but so far done more harm than good to people in the developed world, so premature to hail crypto as a messiah (if it ever will happen, me doubts).
Have your views changed on $AXP at all after earnings?
No, I still like it & I think most of the move is from positioning.