There’s some good info on the current state of the race in the Tucker interview with Paul Manafort. Some interesting comparisons with the Reagan / Carter race.
I'm sort of bullish for a Trump win and that the market keeps on keeping on. But quite fine to sell it all (bought a bunch during the last wipeout, stupidly not in meta) and pay the taxes if push comes to shove.
I'd actually love a crash. Brings opportunity.
Sucks that Trump won't talk about cutting spending. And ultimately we are fucked, that's for sure.
Great analysis as always. Here we go, going to be fun, fun, fun!
"Neither candidate is talking about cutting spending and neither political party is talking about it either. But, it has to be done. If it isn’t done, we will eventually become a very sclerotic, top-heavy, centralized country no matter what anyone says."
Recently stated by Elon Musk is that he could trim the deficit by 2 trillion dollars. That could be an exaggeration, but one to one and a half trillion would not surprise me in the least.
Therefore the Trump team is talking about cutting the deficit.
MUST reading about the "Trump is Hitler" meme: https://www.powerlineblog.com/archives/2024/10/trump-is-hitler-and-why.php
I read that Minnesota might be in play this cycle. Wouldn't that be something?
There’s some good info on the current state of the race in the Tucker interview with Paul Manafort. Some interesting comparisons with the Reagan / Carter race.
Great piece. If I am not mistaken Trump tightened the money supply in his term. There has not been a congressional budget passed since 2007, so...
US President has little to no ability to “tighten
money supply”, that’s the Fed, via overnight rates and fiddling with its balance sheet.
No budgets was a deliberate act of Congress and the Bush/iBama/Niden Admins (DJT had to do it too because they would only pass larded up CRs).
I'm sort of bullish for a Trump win and that the market keeps on keeping on. But quite fine to sell it all (bought a bunch during the last wipeout, stupidly not in meta) and pay the taxes if push comes to shove.
I'd actually love a crash. Brings opportunity.
Sucks that Trump won't talk about cutting spending. And ultimately we are fucked, that's for sure.
Great analysis as always. Here we go, going to be fun, fun, fun!
Mag7 Crash? Absolutely. Overdue. Global "Flight To Quality"? Doubly so.
When? Yes!
Oh, and current chatter is that "The Street" is shorting Treasuries to finance their long Mag7 positions.
What could possibly go wrong? It's worked for, like, ever!
I don't think there will be a "crash" but there might be a bear market. Death by a thousand cuts hurts worse
Trading sideways for a decade would be the worst, but it is possible and not at all out of the question.
"Neither candidate is talking about cutting spending and neither political party is talking about it either. But, it has to be done. If it isn’t done, we will eventually become a very sclerotic, top-heavy, centralized country no matter what anyone says."
Recently stated by Elon Musk is that he could trim the deficit by 2 trillion dollars. That could be an exaggeration, but one to one and a half trillion would not surprise me in the least.
Therefore the Trump team is talking about cutting the deficit.
Kirk: investing.com is real time and free
For those of us without a Bloomberg terminal, what is the best way to track/monitor the ten year note?
Ans if MN turns, I'm sure it's you working your MN neighbors...
The unasked question, because nowadays there aren’t too many people trading in one room, is this::
What is Today’s “Screw You” Trade?
Or where do markets have to go to pay the least number of people?
re Fascism and accusations thereof, see my post Kamala and the Constitution:
https://chicagoboyz.net/archives/72090.html
Wouldn't it be the Treasury Dept. rather than the Fed that sells USG bonds?
sure, but the Fed is the control. Fed directs.