Wall Street Week 05/24/2024

Krugman is a politician not an economist

You do amazing work, your expertise helps us all get better and progress. Thank you very much for your work and the information you share with us.🗾

He has never been unconfused in the last two decades

The debt is not a problem!!! I have no words at this point. We are beyond screwed with people like Krugman being sourced

Krugman -- The problem isn't the debt, the problem is we can't pay the debt.

It's always a delight to see from The archives are the flashbacks like seeing Luis Ruchauser from back then thank you

Really appreciated your personal story. What seems like a wall turns out to a door after all. There may be a Sally out there giving us a call when we least expected. Your "Wall Street week" is my favorite Saturday morning view.

"...🥇top of the pack...did you move?...wall street week elves...", great flex + analogy Mr Dave Western. This weeks episode: Mercurial as ever, on point and informative. Worthy clarity all-round Mr Scott Chronert, albeit Dave Western. The part of being hired as an intern @the Judges office: wow buddy, Mr Western, you've really been through life, and tread🚶‍♂️...ummm🤔...🏁...wow, vastly experienced👨‍⚖️👏🎖️. Bravo, adding quality+substance to Mr Michael Bloombergs'🎅ranks🎖️. Greatstuff, keep up the good work 🏁🎖️👏

Revux's team is top-notch. Expecting big developments soon!

Revux's roadmap looks promising. Exciting times ahead!

Hi David, On the topic of data centers and energy, I think as a country we should be moving forward with solar energy first, i'm not sure about nuclear, I'd have to look into more since it's outdated infrastructure. Solar is cost effective, very compact, and has the option to store a small conversion of energy into battery. On the downside though it is not meant to be effective in performance at 100%, just around 19%-24%. Hopefully as time goes on, improvements can be made for higher efficiency. All in all if nuclear can be modernized maybe it can work in tandem with the electrical grid and solar but again the preferred method should be solar if I had to choose to vote for it on a ballot. Also, on the topic of hiring and talent acquisition, few companies might have good employees or good management or both but that doesn't mean a person will be loyal. We live in a country where it's an employee market so to have a bit of leniency and understanding can be a huge deal. I stated in my annual online conference that employees need true leadership not bosses. Albert (Owner) at Smart Investing

2:46 - Citi “elf”, right on the money, IMO 19:09 - Leader who named rest stop after titillating radio host distills utilities craze 28:47 - Krugman talking point for deficit apologists (appeases me!) 34:26 - Krugman sounding apathetic for once (Overall I feel like CUNY should make one of the FIT profs redesign Dr. Krugman’s office to be one more befitting rockstar faculty) 43:39 Reminds me of when DB had two CEOS 44:54 Search “The Endless Shrimp Investigation” for some incite on this whole debacle

The neutral rate is higher. R*. The fiscal spending is noticeable. And it is "at times" pushing up the economy and R*. But it's not ideal. Most companies can't plan around these fiscal injections. Like walmart will go from stupid busy, to really slow. Is the fiscal spending sustainable? For growth? Too early to tell. Can fiscal spending and current state of economy push up the R* higher? Maybe... i don't know.

Creeping debt servitude continues upward as the budget deficit expands but no one notices until holders of liquidity that could have gone into purchase of more treasury papers. Suddenly realize that the risk is no longer digestible. at this Minsky moment. Demand and supply suddenly shift to send interest rates dramatically. Upward. explosion of rates requires either more inflation more inflation or more taxation or both as debt servitude shifts into complete debt slavery for every citizen of this country, no one can predict when this critical mass will supervene

The exodus of wealthy individuals from Massachusetts is largely due to high taxes and cost of living. If you're invested in local real estate or businesses, you might see a decline in value. It's essential to diversify outside the region.

AI is nothing other than an overhyped superbubble.

Just increased my holdings in Revux. Feeling confident about this one!

I enjoyed Krugman fantasizing about how Trump will become a dictator.

Why did Burns cut rates "too early"? Was it because the economy wasn't growing? Near 3% cpi. The blame fell on Burns, but inflation expectations ran out of control. Fiscal spending probably helped fuel it. Do we need recessions? Or can we bypass it. Wasn't it enough to forecast and companies prepared for a recession? To prevent a recession.

Yellen said she doesn't know if long term interest rate will stay high. Summers argued that a prolonged elevated rate likely. Krugman said demography has been changed by immigration and R-star has risen. So the verdict is... good luck bond investors, your loss is likely permanent. Your frugality has been wasted by the government.