Cape May Dave - proud vermin
@capemaydave.bsky.social
Born in the 60s. Cornell. Physics/Philosophy major. retired Wall St. derivatives trader. A guy who believes the US experiment in self-government is a less than 50/50 proposition going forward, but will die on that hill. #231273
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#EconSky Has it occurred to anyone that the guy who just: - fired the head of the BLS for reporting employment data - wants to fire the Fed chair cuz he wants 1.5% Fed funds - tells Americans that foreigners are paying the tariffs ...might be intervening in the stock market?
#EconSky Whose expectations? This is something we will all learn in the coming years. Prices are not set by demand. Prices are set by suppliers at the highest possible price the market will bear unless engaged in competition destruction. Inflation is not a one-off. It's here to stay.
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#EconSky Stanley Druckenmiller urges the US Treasury to listen. Hear, hear. But Stan's worry is entitlement reform while ours is an income shortfall foretold last year. The Big Beautiful Bill created this mess. In hopes of future cuts to entitlement spending. www.wsj.com/opinion/let-...