Thoughts on Season 2 of the Trump Tariff Show, Is France heading for a Greek-style debt crisis, how long can Russia's economy hold, is this a Bitcoin Ponzi scheme and why Angela Merkel failed
The ultimate Ponzi scheme. I think people need to stop talking about these cryptos as assets. They are not assets. They have no financial backing, they have no bank or state guarantees, they do not represent anything of any value. They are gambling chips, no more than tokens for the crypto casino. They are only worth something in the crypto casino as long as the casino doors are open. Once the doors shut, all those 'valuable' crypto tokens will be worthless.
I am looking forward to reading your comments on how a country, with 130% debt/GDP, some extra debt hidden into inter agency lending, a going 6% and worsening deficit, a burgeoning commercial deficit, and in the midst of a demographic crisis will survive
Thank you for bringing Microstrategy up. I have been wondering what catastrophic event could plunge the markets into a 40%++ drop. Microstrategy failure could be it. A 2025 Enron in the making
Notwithstanding the Greek book cooking, most of Greece's debt was with German and French banks.
The harsh measures taken against Greece were meant to:
a) make sure the reckless German and French banks did not lose hundred of billions and go bust by making the whole EU pay for it (aids went straight to the banks while paid by each EU member state pro quota)
b) scare the other countries from behaving like Greece
Now that Ms. Merkel and the felon M. Sarkozy are gone, it is very unlikely any country will face the same. Let alone France will never impose to itself to abide by the EU laws...
You are missing a spicy detail.
In the coming months, Ms. Le Pen will be tried for embezzlement of EU funds.
If found guilty, which as we speak seems very likely, she will not be allowed to run for president (I know, how dated, now that Trump is back in fashion).
It is hard to say if this will tame her or make her more gung-ho
It is likely DJT himself doesn't know what to do with tariffs. Bessent, at best, will last 10 momths untill the boss decides he is smarter than a smart guy
Exchanges grew because Bessent said tariffs were a trading chip, not because Bessent is smart
A higher dollar will send international travel soar. Americans bought tickets to Taylor Swift's concert in Paris because flight+overnight+meals+concert was way cheaper than attending in Chicago
Wealthy American gals will strip the Vancouver Chanel store bare
A higher dollar pays for duties. So expect nothing to happen on the trade balance
The ultimate Ponzi scheme. I think people need to stop talking about these cryptos as assets. They are not assets. They have no financial backing, they have no bank or state guarantees, they do not represent anything of any value. They are gambling chips, no more than tokens for the crypto casino. They are only worth something in the crypto casino as long as the casino doors are open. Once the doors shut, all those 'valuable' crypto tokens will be worthless.
I am looking forward to reading your comments on how a country, with 130% debt/GDP, some extra debt hidden into inter agency lending, a going 6% and worsening deficit, a burgeoning commercial deficit, and in the midst of a demographic crisis will survive
Thank you for bringing Microstrategy up. I have been wondering what catastrophic event could plunge the markets into a 40%++ drop. Microstrategy failure could be it. A 2025 Enron in the making
Notwithstanding the Greek book cooking, most of Greece's debt was with German and French banks.
The harsh measures taken against Greece were meant to:
a) make sure the reckless German and French banks did not lose hundred of billions and go bust by making the whole EU pay for it (aids went straight to the banks while paid by each EU member state pro quota)
b) scare the other countries from behaving like Greece
Now that Ms. Merkel and the felon M. Sarkozy are gone, it is very unlikely any country will face the same. Let alone France will never impose to itself to abide by the EU laws...
You are missing a spicy detail.
In the coming months, Ms. Le Pen will be tried for embezzlement of EU funds.
If found guilty, which as we speak seems very likely, she will not be allowed to run for president (I know, how dated, now that Trump is back in fashion).
It is hard to say if this will tame her or make her more gung-ho
It is likely DJT himself doesn't know what to do with tariffs. Bessent, at best, will last 10 momths untill the boss decides he is smarter than a smart guy
Exchanges grew because Bessent said tariffs were a trading chip, not because Bessent is smart
A higher dollar will send international travel soar. Americans bought tickets to Taylor Swift's concert in Paris because flight+overnight+meals+concert was way cheaper than attending in Chicago
Wealthy American gals will strip the Vancouver Chanel store bare
A higher dollar pays for duties. So expect nothing to happen on the trade balance