Good question. Regarding commods, you’d have to distinguish between them. Finite ones like gold and maybe even to some extent crude (though not really- and wouldn’t WTI pricing from -$37 → $70 in a year be perhaps not “exponential“ but certainly non linear? I know thats a stupid one off example). For scarce/fixed supply commods with demand like gold should increase in price more or less mirroring the rate in which balance sheet expands. But for commods that you can literally plant and replicate, much less so, no fixed supply. Equities and crypto have fixed supply technically- in fact equities supply was shrinking due to buybacks, m&a, lack of IPOs until recently and that was certainly helping equities ↑. And for other commods, the US wouldn’t necessarily see commod prices ↑ in USD terms because much of it is domestic (energy, agriculture etc) so commods priced in USD wouldn’t see a material (or exponential scale) of change in value. Neither would the rest of the developed world as long as their respective central banks also continue to generally devalue (or appreciate) their respective currencies - not talking about a percent or 2 rate diff or like ECB is doing x-amount of QE and US is doing 1.2x-amount of QE if they’re all just doing trillions upon trillions- one might pull ahead of the other then drop back then ahead again, but they’re all speeding 300mph in the same direction. If you’re importing from the US and you have a horrendously... (More)
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Millions of electric cars are coming. What happens to all the dead batteries?
The battery pack of a Tesla Model S is a feat of intricate engineering. Thousands of cylindrical cells with components sourced from around the world transform lithium and electrons into enough energy to propel the car hundreds of kilometers, again and again, without tailpipe emissions. But when the battery comes to the end of its life, its green benefits fade. If it ends up in a landfill, its cells can release problematic toxins, including heavy metals. And recycling the battery can be a hazardous business, warns materials scientist Dana Thompson of the University of Leicester. Cut too deep into a Tesla cell, or in the wrong place, and it can short-circuit, combust, and release toxic fumes.
John Fadool said he would a video with me before he goes off to boot camp. I really appreciated it because I have had a lot of questions about financial history and how the current infrastructure bill is playing out.
There is a pretty big divide between the financial industry and politics. John bridges that divide. We went through the 100-year charts of interest rates, GDP, fiscal spending, and a lot more.
One major takeaways= infrastructure bill = very low probability of making it through at this point. This has pretty big trading implications if you are monitoring the market.
I have attached a word doc with links to all the charts we looked at.
I realize the video is a little long so here is the breakdown: The first half of the video we break down the financial history of every single decade since 1920. The second half of the video we focus on the current fiscal landscape and the risks that await us. Most people are not talking about the shifts that are taking place with Boomers, Millenials and how they impact the job market/stock market.