This Memorial Day weekend I’m going to take some time to reflect on those who gave their lives to provide the opportunity for all of us. This epidemic has made a shambles of everything we thought was a certainty just three months ago. In that spirit I present a 50-minute discussion with the highly respected Louis Gave of GaveKal on all things macro. Be at peace and enjoy.
Also, a note to Secretary of State Mike Pompeo: Tone down the China rhetoric, especially on the Taiwan issue. A thermonuclear war is not a quality vaccine against COVID (Where are you Tom Lehrer?)
May 25, 2020 at 11:29 pm |
Consols, perpetual bonds
https://www.economist.com/finance-and-economics/2020/05/21/why-you-need-to-read-jane-austen-to-appreciate-perpetual-bonds
May 25, 2020 at 11:32 pm |
Intel analysis. In his ritualistic affirmation of the importance of “reunification” with Taiwan, Li Keqiang, the Chinese prime minister, omitted the usual qualifier, “peaceful”.
May 26, 2020 at 7:07 am |
Arthur—yes he admitted peaceful and this will indeed be the flashpoint—regardless what Chris Patten says to make himself relevant —it is Taiwan—where is Kissinger to explain this as the interview he did last year with Niall Ferguson omitted Taiwan as it was Hong Kong focused–Soros out with a new Project Syndicate piece on perpetual bonds and Europe—most significant news out of Europe was Wolfgang Schaeuble siding with Merkel/Macron and of course Lagarde on the EU funds for all Europe as grants,not loans –this is the most powerful voice breaking with the Frugal Four—Mark Rutte ought to be very quiet for awhile
May 29, 2020 at 10:08 am |
Where too is Stanley Kubrick? awaiting the remake of his classic film: Dr Powell or how I stopped worrying and learned to love the bonds(junk).
May 31, 2020 at 2:08 pm |
Yra just listened to the podcast one of your best IMHO Several comments:
1. Sorry to hear about your election loss but we all know how elections go in Chicago. When I was at Rush I lived on Polk Street down from the Greek Orthodox Church. My alderman was Vito Marzullo and the Vernon Park Tap was right out of the Sopranos My roommate worked at a law firm during the day and went to law school at night. Between the two he came back to vote one election just before the polls closed. After giving his name the election official informed him that he had already voted. When he insisted he hadn’t he was escorted out of the poll by Chicago’s finest!
2. How prescient were you on 5/20 about a long hot summer in the major cities. Can’t help but believe that the shelter in place and job losses have helped fuel the fury in the streets.
3. Liked the take on copper by both you and Mr Gave Any further suggestions on how to play this premise?
May 31, 2020 at 3:50 pm |
Bigman–what did you do at Rush—-I spent many college days moving my Brother and Sister-in-law into and out of the dorms on Flournoy–to be paid in Al Beefs and Marios Ice
May 31, 2020 at 4:28 pm |
I went to medical school there. I was a The Patio’s hot dog man myself but Mario’s was the best I have gone back for years when in Chi town
June 1, 2020 at 9:50 am |
My brother headed infectious diseases and taught in the medical school