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1. The Worst of Times: In hindsight, it was never going to end well when both stocks AND bonds were trading at crazy expensive levels. It is the worse case scenario for traditional passive buy and hold portfolios.…
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Global vs US PE10 Valuations: One of the most interesting aspects of the past decade has been the divergence in valuations between the USA and the rest of the world. A big part of the divergence in price/value has been driven by a massive divergence in relative earnings performance, with the US significantly and consistently outperforming the rest of the world in earnings…
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Some Recent Activity
RT @chigrl: @POTUS Do not fool the public. 90% of EVs do not qualify for the tax credit as stated in your bill. EVs must be built in the US…
RT @Stimpyz1: @BtcEndgame @TheBondFreak @thetaylorherzog @DiMartinoBooth @NYFedResearch @business They also sell discount notes to MMFs tha…
How about 2022’s $164B in giveaways to the wealthy? https://twitter.com/axelmerk/status/1620216423686746121
It’s only FHA. But still…they pump this stimmy out the door HOURS before announcing the end date for the public hea… https://twitter.com/i/web/status/1620247219097210880
