I woke up, and the first headline I saw about what had happened in the US during my sleep was “We just increased tariffs on China to 104%” from President Trump. Once again, many people were caught by surprise, even though the US President had previously warned he would take…
Category:General
IS IT WHEN MARKETS (STUPIDITY) CAN’T BE RATIONALIZED ANYMORE THAT THE FARCE ENDS?
Pension funds, already deeply underwater on their illiquid private equity investments that they piled into during #ZIRP years, are now taking up hundreds of billions in leverage to invest in $NVDA, $INTC, and other “hot” names. So far, no one has managed to convincingly rationalize this idiocy. Real estate developers’…