Nalin Hettiarachchi
4/6/2021 07:35:57 pm
Thy
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Bob Monsour
4/7/2021 09:44:13 am
While your unemployment rate slide shows the BLS numbers, in February, Powell said that it's closer to 10% based on misclassification errors.
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5/11/2021 09:49:09 pm
I see early innings of stagflation. Few are going to play along with rising input costs and companies aren't going to pay people more, so either fed or the markets blink first but it doesn't matter until we see what a post-pandemic world really looks like. So the money supply will remain high and younger generations will do other shit with their money, or nothing, like old farts, full stop. Look at the movement into decentralized currencies. Some, many, most, will let this economy simply stagnate. While I think Dan Niles brings cogent remarks to CNBC, he comes across really unhappy and pessimistic on the future. That's not healthy for anyone trying to invest in a better tomorrow. The companies he's shorting are a vital component of that better tomorrow. I think I'll setup my paper trading account to do the exact opposite of what Dan Niles is doing in finance today, unless of course he goes out and buys a f*ing Tesla. Also, the dude needs to smile more, the world isn't going to end, and a 30% haircut in risk assets just happened in March 2020, we're used to it. We'll sell this garbage again if we need to, and we'll be smiling while we're doing it. But buying trash like SJM or suits running big banks where D.N came from to hide in safety, no thanks . F*ck wall street and all the manipulators that came from that ilk.
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AuthorDan Niles is founder and portfolio manager for the Satori Fund, a tech-focused hedge fund. Archives
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