hcmacro

5 ms·

1.
by hcmacro 3y ago
Nope, the Fed cares about PCE because that’s the inflation measure it targets over time. Consequently, core PCE and core PCE services ex-housing. CPI and PPI matter for policy setting to the extent that their components feed into PCE. But C
2.
by hcmacro 3y ago
CPI ain't PCE my guy. Other than suggesting a firm January print, this print has not really changed forecasts for core PCE--the Fed's preferred target---to hit 2% yoy by May.
3.
by hcmacro 3y ago
Rather than repeat the "markets remain irrational longer than you can remain solvent refrain," I will give you a less common reason for caution... If you're right, you'll likely be tempted to short again.
4.
by hcmacro 3y ago
quite possibly one of the dumbest things you can do, even if you end up being right at some point.
5.
by hcmacro 3y ago
same same
6.
by hcmacro 3y ago
You should look up Wynne Godley and Sectoral Balances.
7.
by hcmacro 3y ago
I'd say Japan (China followed Singapore in development).
8.
Bertrand Russell “On History”(users.drew.edu)
1 points by hcmacro 3y ago|0 comments
9.
Who Is René Girard? and Why Does Silicon Valley Care?(berfrois.com)
8 points by hcmacro 3y ago|0 comments
10.
by hcmacro 3y ago
So Stripe going to get marked down again? Tough to IPO this far below your valuation high water mark, at least judging from its closest comp.
11.
by hcmacro 3y ago
And not too many years later, Northern Europe went to war with the Sun King. Longevity regression is equally likely if that happens again.
12.
Sports Under 150 Game(austinkrance.com)
1 points by hcmacro 3y ago|0 comments
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Shock Treatment in the Emergency Room(prospect.org)
1 points by hcmacro 3y ago|0 comments
14.
BMJ: Evaluating trendsin private equity ownership and impacts on health outcomes [pdf](bmj.com)
2 points by hcmacro 3y ago|0 comments
15.
by hcmacro 3y ago
https://www.nytimes.com/2023/05/31/magazine/ai-start-up-acce...
16.
by hcmacro 3y ago
Read Prospects for Industrial Civilization by Bertrand Russell and you'll see that the reactionary turn by the "Old Left" was inevitable.
17.
by hcmacro 3y ago
Perhaps the most terrifying headline I've read in a while.
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Odds of a Hard Landing Are Increasing(researchaffiliates.com)
1 points by hcmacro 3y ago|0 comments
19.
How Pundits’ Inflation Myth Crushed the Working Class(levernews.com)
2 points by hcmacro 3y ago|0 comments
20.
Neoliberalism's Final Stronghold(project-syndicate.org)
3 points by hcmacro 3y ago|0 comments
21.
by hcmacro 3y ago
Hopefully the laid off employees fared better than the retail bagholders.
22.
Why One Firm's 3,612% Return Is Drawing the Ire of Hedge Funds(bloomberg.com)
1 points by hcmacro 3y ago|0 comments
23.
by hcmacro 3y ago
The Last of Us
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Fear and Loathing Among the Union Busters(levernews.com)
4 points by hcmacro 4y ago|0 comments
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A Swing and a Miss: UC's Poor Breit Investment(warcap.substack.com)
1 points by hcmacro 4y ago|0 comments
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Secular Stagnation Is Not Over(piie.com)
1 points by hcmacro 4y ago|0 comments
27.
Is Easy Money an Engine of Inequality?(ourtime.substack.com)
2 points by hcmacro 4y ago|0 comments
28.
by hcmacro 4y ago
I get the sense that cultural malaise and managerial rent-seeking afflict many legacy firms (outside of tech). In some ways, such corporations feel like they're converging with peers in Japan---a gerontocratic society with limited soci
29.
by hcmacro 4y ago
Check out VNM, the country ETF, for a chuckle.
30.
by hcmacro 4y ago
Headline is clickbait tbf

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