This is an absolutely major theme in the coming years.
A massive wage arbitrage has opened between the US and its competitors. The overwhelming majority of people in the US have no idea just how much more money they make than the Japanese, French, British, etc.
In my opinion, this is an absolutely major theme in the coming years.
A massive wage arbitrage has opened between the US and its competitors. The overwhelming majority of people in the US have no idea just how much more money they make than the Japanese, French, British, etc.
The biggest headline today is not the Fed.
Nope, it's this 90% decline bombshell from Wells.
Total housing freeze-up. Keep your focus. Housing is the number one macro driver now and for all of 2023.
That is a 14.5% drop in private equity stocks (Blackstone, KKR, Apollo, Carlyle) in just 3 weeks, while at the same time the S&P 500 just hit another high. I don't know if this means something ominous. I just don't know. All I can give you is this: "Jeff says this is weird."
