Josh (@ephemeraltrade) 's Twitter Profile
Josh

@ephemeraltrade

Consistently inconsistent

天行健, 君子以自强不息

Risk-Taker

Life Long Learner

ID: 1336915868064706560

calendar_today10-12-2020 06:09:29

901 Tweet

1,1K Followers

580 Following

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US cost of borrow just spiked higher, along with higher tariffs. So an average American has to pay more interest cost as well as increased cost on goods. Not sure how any of this is benefiting USA Who has the cards now...

US cost of borrow just spiked higher, along with higher tariffs. So an average American has to pay more interest cost as well as increased cost on goods. 

Not sure how any of this is benefiting USA

Who has the cards now...
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And now we get Trump backing down because of spike in yields.. US is handcuffed because of the need to roll over trillions dollars of debt China is handcuffed because it's a manufacturing export economy So the idiots in power want mutual financial destruction?

And now we get Trump backing down because of spike in yields.. 

US is handcuffed because of the need to roll over trillions dollars of debt

China is handcuffed because it's a manufacturing export economy 

So the idiots in power want mutual financial destruction?
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Which asset class benefits from trade war, uncertainty, currency depreciation, volatility, civil war? I can only think of BTC and Gold It's risky to even hold USD cash these days...

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It serves to remember that 200 years ago the Opium war was basically the result of trade deficit between China and the UK. This led to the end of the Qing, civil wars, and "century of humiliation" You can bet China won't be repeating the same mistakes as 200 years ago

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In retrospect, it became obvious why UK couldn't keep the pound in the ERM. Is the same thing staring us in the face right now?