Aleksandar Hummel
Aleksandar Hummel
@haleksandar.bsky.social
120 followers 1 following 3.7K posts
Beach bum. 🏖️ Blog: linktr.ee/haleksandar Somewhat funny, Entirely serious. Opinions my own.
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I present my findings on the state of the modern economy as intertwined with #bitcoin and #cryptocurrency in general. I find a liquidity band systemisation and tie the under-performance of the economy to #inequality, as #BTC a pushed product. I'll occasionally post below in relation. #Fed #Econsky
Lower taxes for the affluent mean precisely that they need to work less to sustain their standard of living and therefore limit the output of society. It's the difference between a doctor seeing a few patients more or less. With #UBI the dynamic of supply/demand experiences a parallel right-shift.
I think that understanding is backwards. Isn't capitalism about sustaining oneself by means of investment? Resources are owned and only people whose portfolio isn't sufficiently profitable are forced to work to acquire claims on resources to support their livelihoods.
Real earnings growth ex. valuations is much lower and in fact should valuations decline this'd have a negative effect on earnings going forward.
This being said, other than the resolution of the shutdown the market lacks any clear catalysts to go higher. I'd like to reemphasise caution about chasing the rally from here on. The positive earnings have been largely supported by mark-to-market as #AMZN by Anthropic or #BRK it's portfolio.
All things considered perhaps we shouldn't look too much into a down day? I mean the NASDAQ is down 1.2%. Stop the press? Come on! Before anything I'd say we're seeing profit taking. Christmas is around the corner! Time to sneak into warm jumpers and enjoy hot chocolate. Maybe put antlers on? Sure.
I'm just saying it actually is reasonable to assume there will be some response and that it will be adverse. That is, if they lose. We'll see soon enough.
Today Prop. 50 and NYC mayoral elections add risk to markets. What will be the administration response if they lose? Will they invade California or NY? I don't seriously think they would, but it's only in their character to push around. How will they react to becoming more confined, losing space?
Trade "deals" or issues of security are secondary to these points.
The thing to have in mind about #MAGA #tariffs is that they're taxes. Much like #VAT in #EU they're intended as an ample source of income for the government. And, being regressive taxes they affect the less affluent more pronouncedly. The poor pay for the national debt while elites enjoy tax breaks.
Thinking #tariffs are a tool to counter drug trafficking or the economic matter an emergency under which the executive should have special powers to act is delusional. The historic matter in hand is whether the US will become known as a country in which courts share the delusions of a president.
But if I had to guess it'd be they rule the matter *is* an emergency and hence #MAGA have powers and don't need a vote and also substantiate this with the "deals" that hugely overstate the scale of "investments" (most were planned anyway). Congress can pass laws to overturn the tariffs, they'll say.
The counter-argument that after decades of the deficit the situation has become acute and warrants action is entirely moot, since there is no emergency or threat of immediate disaster if the matter goes to Congress - that's where it should go for a vote. The economic point is secondary to the legal.
The #tariffs case in front of #SCOTUS is clear. On the one hand, trade imbalances are a structural issue that develops over years if not decades and therefore can not be considered an emergency. On the other, adding taxes itself makes economy less competitive.
My suggestion is switching careers. Being open to finding new passions can be rewarding.
Bruv signed off dogy trades that literally ripped off Danish tax payers in 100's of B's, went on to spray Dom Perignon in Dubai and Singapore, changed firms and decided he needs to tell the authorities. Then was charged and acquitted, but now can't get a job. So sad.

www.bbc.co.uk/news/article...
I blew the whistle on a massive tax fraud - and they sued me
Jas Bains reflects a month on from the end of one of highest value civil cases ever heard in the UK.
www.bbc.co.uk
Also, the BBC is as good choice as any in that regard.

bsky.app/profile/hale...
"...American European allies are getting behind. Donald Trump may be unconventional but he has a peace that if it holds up will be a crowning achievement of his second term." #BBC #SackAnthonyZurcher
The mission is a true mafia state in which the Party wields sole power. But then again, in #EU corruption is merely raised to level of law: in place of bribes - whims etched into Brussels directives, made by these very kleptocrats who have now come to form the so-called European Peoples Party #EPP.
Yes. He looks up to the nationalist-demagogue kleptocratic parties that took over the Balkans in the 1990's.
What he said: 💯 🎯
Euronews? France24? You'd have people listen to European delusions instead of domestic? 🙂
(But in reality Google's up 50% ytd and Amazon just now made it to 10.)
#AMZN 244.20 +21.34 (+9.58%) exciting!
#GOOG 288.00 +13.43 (+4.89%) is so boring.
Is #AI the quiet part of the revolution going on? With an eventual superintelligence being the only able to create value, stocks of companies running it are in fact money. The only thing that could get in the way is the rally being too hot. Stop trading, there's not enough money to buy a share.