If we can’t get Japan, a vassal state, to play ball good luck.
It seems @SecScottBessent’s “quick face-saving deals” strategy isn’t working even with close allies who appear unwilling to fulfill their roles in the Kabuki theatre.
EconstratPB
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EconstratPB
@EconstratPB
Pinebrook Capital | David Cervantes
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- The groundwork is being laid.Frustration grows with Commerce Secretary Howard Lutnick ahead of Trump tariff announcement: ‘Loose cannon with half-baked ideas’ trib.al/eJWdMul
- I’m at a Lumineers concert at CitiField. $50 bucks for two beers. People are talking about cutting rates. People are outta their mind.
- We literally rigged the global system in our favor and the guy that bankrupted casinos wants to impose his same flawed business sense on the country.All around the world, people are engaged in difficult labor to produce goods for American consumers. And in exchange they get pieces of paper that we can basically print as many as we want of. And yet some claim that we’re the ones getting ripped off.
- Nice try. You won’t have the same rate on a 50 vs a 30. 1. 50 is way more duration. Duration ain’t free. You gotta pay for it. 2. The short call (prepayment) option stapled on to the 50y mortgage is much more expensive so your spread over treasuries will wider.This post is unavailable.
- Yes I can. Bro what it is about multiple bankruptcies do you not understand?Trump inherited an economy with 3% inflation, 3% real growth and 4% unemployment Plus a very real chance of a massive AI boom And now he's put all of that at risk I still can't believe he bungled things this badly 4 months in
- The dumbest shit I’ve come across all morning are all these calculations on 50 vs 30 using the same interest rate. There’s this thing called the term structure of rates. Then there’s mortgage finance with crazy things called prepayments options and spreads.Nice try. You won’t have the same rate on a 50 vs a 30. 1. 50 is way more duration. Duration ain’t free. You gotta pay for it. 2. The short call (prepayment) option stapled on to the 50y mortgage is much more expensive so your spread over treasuries will wider.
- If you were dooming about the U.S. economy, retail sales just said hold my beer. Try next month folks. Bc without the consumer rolling over it is very very hard for the economy or the labor mkt to roll over. Sell more shit. Hire more people. That’s it.
- The treasury mkt humiliates every president.
- Someone said the Fed was being irresponsibly dovish. Reasonable people can disagree and make a mkt. The real irresponsibility is leaving free money on the table bc your political biases cause you to make moral judgements that keep you from taking the cash.
- Today I blocked six people. A record. Commonalities: Anon. Young. Angry. Probably celibate; not by choice. Don’t seem very optimistic. Their parents fucked up.
- 9.5mm views for something I learned like in 3rd grade. That’s how this stupid place has become. My cue to go do something else with my life on this Saturday. Have a good day folks!This post is unavailable.
- The Harvard economics department has produced people like Navarro and others. Can’t say there isn’t intellectual diversity at the Ivy’s.
