Former President of China Deng Xiaoping famously quipped the following when asked about his pragmatic approach to the implementation of an economic system for China which directly contradicted the "purist" socialism or Marxism of Chairman Mao Zedong...
Impossible to keep up with you! Fascinating analysis!! Overwhelming... I can't offer any feed back other than to revisit this simple story we all know so well:
"A bald-headed bearded stranger stopped in town and went into an small old hotel to check in. He asked to go check out the rooms first so, in good faith, he left a $100 bill—a deposit of sorts—with the hotel owner.
The hotel owner immediately ran next door to pay his grocery bill.
The grocer ran it across the street to pay one of his suppliers.
The supplier used it to pay off his co-op bill.
The co-op guy ran it back across the street to pay the local hooker who had taken up residence in the aforementioned hotel.
The hooker ran it downstairs to pay her hotel bill just ahead of the returning traveler, who picked the $100 bill off the desk and left saying that the rooms were not satisfactory. "
Arthur, in your Bankless interview, you highly recommended subscribing to Zoltan Pozsar's research. What is the name of that research publication and where to find it?
Great piece as usual. Question - will the Vivek and Elon 'DOGE' department's efforts to drastically cut waste be enough to derail the drawn out scenario above? Elon was talking $2t/year. That even possible w/o jacking the unemployment rate?
What prevents a company that receives these tax credits from Trump from issuing stock buybacks (or only giving higher profits to C Suites) vs increasing employee wages and expanding the business?
Seems like the former would net in no increase in economic activity or nominal GDP?
Agree with all this just having a hard time seeing how the Trump 2.0 lowers the value of the dollar... China is about to devalue... Europe is devaluing.... DXY is likely going higher which is going to cause the biggest financial crisis since 1929... If DXY is not lowered, the rest of this does not play out as suggested.... Perhaps we need the crisis first for this to play out?
Impossible to keep up with you! Fascinating analysis!! Overwhelming... I can't offer any feed back other than to revisit this simple story we all know so well:
"A bald-headed bearded stranger stopped in town and went into an small old hotel to check in. He asked to go check out the rooms first so, in good faith, he left a $100 bill—a deposit of sorts—with the hotel owner.
The hotel owner immediately ran next door to pay his grocery bill.
The grocer ran it across the street to pay one of his suppliers.
The supplier used it to pay off his co-op bill.
The co-op guy ran it back across the street to pay the local hooker who had taken up residence in the aforementioned hotel.
The hooker ran it downstairs to pay her hotel bill just ahead of the returning traveler, who picked the $100 bill off the desk and left saying that the rooms were not satisfactory. "
Is there a website where we can track the bills from congress that incentivize manufacturers of these critical goods and materials?
Yes
Thank you
Arthur, in your Bankless interview, you highly recommended subscribing to Zoltan Pozsar's research. What is the name of that research publication and where to find it?
Great piece as usual. Question - will the Vivek and Elon 'DOGE' department's efforts to drastically cut waste be enough to derail the drawn out scenario above? Elon was talking $2t/year. That even possible w/o jacking the unemployment rate?
What if plebes just use stimms to long memecoins and $LOL their way to riches?
American capitalism with Chinese characteristics nails it. Holding bitcoin as a hedge now feels even smarter.
"try getting a reservation at DORSIA now, you ....." :)
Valuable Read!!! Thanks Arthur
What prevents a company that receives these tax credits from Trump from issuing stock buybacks (or only giving higher profits to C Suites) vs increasing employee wages and expanding the business?
Seems like the former would net in no increase in economic activity or nominal GDP?
I’m halfway through this article and my head is hurting lol
Agree with all this just having a hard time seeing how the Trump 2.0 lowers the value of the dollar... China is about to devalue... Europe is devaluing.... DXY is likely going higher which is going to cause the biggest financial crisis since 1929... If DXY is not lowered, the rest of this does not play out as suggested.... Perhaps we need the crisis first for this to play out?