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Managing DirectorMessage
Tom Emmet
The more I see, the less I know. LatAm, UK, CEE, GCC my playing grounds. Almost 30 years in the City and still on a steep learning curve. Living in Dubai for the past 12 years.
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Post
Macroeconomics
For those interested.
Strangely bullish, pro-synchronous recovery to trend, pro-reflation and pro-inflation
@Raoul Pal @Roger Hirst @Ash Bennington @Edward Harrison @Jack Farley @Weston Nakamura @Max Wiethe
Last ones for the day:
BAML: "OK Zoomer: Gen Z Primer"
GS: "Top Ten Market Themes for 2021: A Shot in the Arm"
@Raoul Pal @Ash Bennington @Edward Harrison @Jack Farley @Weston Nakamura
For those interested (PS: I don't work for GS nor do I endorse the contents of this report)
@Raoul Pal @Weston Nakamura @Ash Bennington @Edward Harrison
Another step in the clean up of the shady old world that used to inhabit BTC.
https://www.courtlistener.com/recap/gov.uscourts.cand.368440/gov.uscourts.cand.368440.1.0.pdf
And the original arrest news in 2013.
Further to the framework that @Raoul Pal lays out regarding demographics and the baby boomers, it appears that a material number of small businesses in the US are owned by BBs and these are being hit for six by COVID and lockdowns. Never to recover. Invested capital evaporating into thin air.
The $68 trillion transfer of wealth in America is evaporating amid crisis
... even if they don’t get the nomenclature quite right 😂😂
Just came off a client briefing by the CIO of a listed UK private bank (long history, reputation for wealth protection). Interesting quotes from the answer to a question about digital assets:
”We have looked at digital assets and in particular BTC for some time as a tool for client portfolios”
”The only reason we have not yet gone ahead with including them in client portfolios is the absence of a satisfactory custody solution”
”As soon as we solve for that we will be entering that space given the clear anti-dilution and anti-debasement properties of Bitcoin”
@Raoul Pal, relevant to your pensions and demographics work
