One thing I would hate to be right now is intelligent. Imagine how hard it would be to follow the “economy” if you were a smart individual. Luckily, I am just a ruffle fish; I don’t think anything, and I go against the current.
Oh, look at inflation, it’s soaring high, taking us back to the 70’s.
Now it’s down again! Oh, uh, it is disinflation.
Nothing is a straight line… Be it up or down. HOW HARD CAN IT BE.
It was easy to call “higher for longer” when everybody shouted about rate cuts. Let’s see and asses the situation again when they predict 0-rate cuts.
I would hate to be intelligent at the moment. You need to call the bullshit, why nobody does it? To survive, you need the call the bullshit.
Why inflation:
We would have massive deflation if the banking crisis had been handled differently. Let's act surprised when the most WOKE, crypto, startup shit bank SVB fails? Yes, it should have consequences if one deposits and trusts this kind of “bank.”
And this shit: What a joke.
Debt… When debt is a problem? This has already been said since the 1990s that it is a problem. Maybe it starts to matter; real rates should be negative to sustain this large amount of debt, so more inflation?
Let’s not forget the wars and de-globalization…
High-interest rates fuel inflation…
Why disinflation?
The global economy looks shit.
What gives?
Oh boy, I would really hate to be intelligent. What are the best asset classes in 2024? Gold and Bitcoin are pretty stupid if you ask me. I write 90% about Bitcoin, I endorse it, etc, but is it intelligent? Smart move to be on it like religion? The same goes for gold bugs are you more intelligent than Bitcoiners? The very antithesis of intelligent investment.
Well, the nice thing is that these happy punch of people have some capital to build back better…?
We are winning because we call the bullshit, is it still winning? Feels like winning? Everything is shit. Everything feels like a mess. Maybe the best strategy is to maintain tunnel vision through the madness, especially when every asset class seems speculative, and most investments feel like gambling.
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Don’t worry, mate. The professionals forecast it will be just fine. There should be some adult in the room to call out this bullshit. Could it be Banks in Europe? They are just too busy to reap the net interest income prints. Oh, regulate us more; we are braindead, and we cannot do anything worthwhile. That’s true; I am surprised how the fucking bankers can annoy me no matter what, now because they are the sleaziest, spineless, fucking losers on the planet. Grow a fucking pair. I can’t believe it; I would love to see some old-school Gordon Gekko greed, and let’s not dream that they create a new shadow banking system that sets its rules. You fucking losers will never have the luxury to go to the washroom mirror and look back, you fucking losers.
Perhaps one day, they'll find the courage to act with the intelligence they're supposed to have - after all, they already look the part.
Soon, they realize that there is zero demand for private loans…?
Who would suggest we've granted too much power to the central banks?
Well, maybe our politicians…? Don’t get me started. Fiscal spending madness continues all over the world, not just in Europe.
When did the common sense leave the building? When did everything become so centralized? Why bother even to think anything? I work 9-5 and don’t bother to think, hey, awesome, I just can’t be a spineless loser forever, I am trying something! Is it smart? Intelligent? No.
Imagine a world where intelligence and common sense are the driving forces behind decisions.
Iran just launched an attack on Israel. Is this the spark for a reset or just theater?
Bitcoin is the only market open, and -7%. It is a safe haven asset for many, but the majority are still just speculating on it. Speculators will soon be flushed out. Bitcoin inflation is predicted to slow from 1.8% to 0.9% next week. And we get to hear the part from the supposed intelligent ones that Bitcoin is not a safe haven asset, and not savings technology because it is so volatile… I think they should focus on bigger problems… Credit event?
Stay safe and stay hard,