Crumbs

• Sam Zell thinks we’re in a bubble caused by the Fed. Well, not the most original of ideas, but Sam has a track record of being right more than he’s wrong,
• Elon Musk has inherited Steve Jobs’ ‘reality distortion field’. Elon is the poster middle-aged man of …

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Crumbs

Investors are behaving as though they expect the govt. yield curve to steepen. The suggestion is that the BoJ will move away from yield curve control of the long end. It’s hard to imagine there are any JGB traders still working, it’s been so long since trading …

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Crumbs

Are we close to hitting capacity constraints in the US or UK economies? Not even close! We have abundant physical capital, and financial capital for materially net negative interest rates. We have labour utilitization which is way below 100, even for prime age workers, not to mention the reserve …

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Crumbs

• Insanity in crypto continues. Dogecoin absurdly pumped by Musk.
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• equities and bond yields move together (I guess that’s the much-derided “Fed Model”). There is a huge gap to close, when these two series are looked at over the longer term. The interesting thing is to speculate on which …

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Crumbs

• Miller Value Partners Deep Value Strategies include Brighthouse Financial ($BHF), Wells Fargo ($WFC) and Gannett ($GCI). I don’t know much about the last, but the first two are financial sector stocks that have had a rough time lately. They seem to be trading below book value.
• Fairholme Fund …

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Crumbs

• Chamath Palihapitiya — billionaire of the people. The FT saying, in a coded way, that this ex-Facebook executive is a crook (the comments are the best bit). You can see the original report here. It’s pretty damning, but only a fool would short a high short-interest stock in the …

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Crumbs

• Jeff Bezos is bowing out,
• — bullish for US housing.
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• DX is experiencing a short squeeze!
• Gold is experiencing the polar opposite (just crashed below the 200 day MA).
• Musk pumps DOGE. Seriously, I don’t like to take potshots at guys who are not in a position to answer …

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Crumbs

BCA — who they? But it’s nice to know I’m not the only one seeing Fed funds rates going up in the next few years. This prediction puts rates at 8% by end 2024. Seems incredible now, but it’s not that long ago we saw higher.

Janet …

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Creating a false market

This is the law in the USA: similar laws/rules apply in all developed marketes.

This is the tweet:

The Sec. Ex. Act 1934,Sec9 says its illegal “to induce the purchase or sale of any security” by claiming that the price of the security “is …

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Crumbs

This chart shows that banks will be even keener to dump their Treasuries on the Fed. I guess that’s what Yellen wants.

It seems incredible that a few punks on Reddit can spook the whole of the hedge fund short selling crowd. TBF, after Tesla, there can’t …

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