Category: DEBT
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Dalio’s World
Ray Dalio and Thomas Friedman discuss China’s Confucianism way of thinking and how it affects China’s foreign policy. China views itself as a family and its country as an extended family. Confucianism is a top-down, hierarchical philosophy based on strict parenting. They focus on mutual respect between those who are more powerful and those who…
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6/14/23
FED DAY!!! Policy announcement at 1CST, press conference at 1:30 https://finance.yahoo.com/news/fed-expected-to-skip-a-june-rate-hike-but-signal-more-in-the-future-141346398.html The Fed’s benchmark interest rate stands in a range of 5%-5.25%, the highest level since September 2007. As part of its most aggressive rate hiking campaign since the 1980s, the Fed has increased the target range for its benchmark interest rate by 5 percentage…
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Gundlach on Macro
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Fake News 2
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6/12/23
Nassim Taleb, hedge fund manager and author of “The Black Swan” discusses the limitations of financial models. He argues that most of the world is driven by Fat-Tailed processes and that using normal distributions in risk analysis is not accurate. Taleb explains that Modern Portfolio Theory, which uses a mix of stocks and bonds, does…
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Fed Leanings….
https://finance.yahoo.com/news/why-the-feds-rate-decision-will-likely-be-a-last-minute-call-105028772.html Powell has been careful not to tip his hand, along with New York Fed President John Williams, Richmond Fed President Tom Barkin, San Francisco Fed President Mary Daly, Chicago Fed President Austan Goolsbee, and Fed Governor Chris Waller, who have also signaled to keep their options open. “Inflation is not as low as they…
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Druckenmiller on AI
Investor Stanley Druckenmiller shared his concerns about the US national debt and entitlement spending, warning of the strain on America’s GDP and future investment and innovation. He also discussed the potential risks in asset markets, tightening credit, and problems in banks due to the Fed’s encouragement to buy treasuries, and he believes a hard landing…