Brent has best commentary on markets for a weekend preparation for the week ahead, having read Brent’s excellent books, the amfx newsletter and the Friday speed run, altogether is like being mentored and coached by Brent, thanks Brent 🤜🤛
Ok, now that I've collected my 8 karmic jelly beans, it's time to give something back, no matter how uninteresting: I didn't know about the CZ fake tweet, but what gave it away for me is that it's written in correct English (ok, maybe just missing a period). ;-) Thanks for my favorite weekly digest!
Interesting, I often watch out for the positives, especially in the political realm. However, in economics I have a first–best solution in mind, whereas the feasible solution often falls short, and, is at best a third–best solution with clear welfare losses. But still, in trading certain outcomes are honored that are clearly not holistically maximizing welfare gains for the longterm.
Using GDP to compare interest payments is universal and allows for easy cross-country comparisons. Contrasting interest payments with revenues offers a clearer view of a country's fiscal sustainability.
I look forward to these every Friday!!
NICE !
Brent has best commentary on markets for a weekend preparation for the week ahead, having read Brent’s excellent books, the amfx newsletter and the Friday speed run, altogether is like being mentored and coached by Brent, thanks Brent 🤜🤛
thku !!!
To Cathie and the jelly beans!
I think debt service cost as % of tax revenue is mote relevant
Good point I’ll run that and see how it looks thanks !
Great stuff. Thank you.
Love how balanced you are about the US fiscal situation Brent; I've just finished reading 'The Creature from Jeckyll Island', so it feels refreshing.
A lot of broken head & shoulder necklines on US indices, Just NASDAQ left to break.
Ok, now that I've collected my 8 karmic jelly beans, it's time to give something back, no matter how uninteresting: I didn't know about the CZ fake tweet, but what gave it away for me is that it's written in correct English (ok, maybe just missing a period). ;-) Thanks for my favorite weekly digest!
These doomsday people are difficult to avoid because it sounds often more intuitive.
absolutely
https://blogs.lse.ac.uk/politicsandpolicy/why-is-there-no-good-news/
Interesting, I often watch out for the positives, especially in the political realm. However, in economics I have a first–best solution in mind, whereas the feasible solution often falls short, and, is at best a third–best solution with clear welfare losses. But still, in trading certain outcomes are honored that are clearly not holistically maximizing welfare gains for the longterm.
Same here!
I think debt service cost as % of tax revenue is mote relevant
Using GDP to compare interest payments is universal and allows for easy cross-country comparisons. Contrasting interest payments with revenues offers a clearer view of a country's fiscal sustainability.