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Girth Brooks

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  1. The first person I saw die was as a surgery intern at Presby in Dallas. Was called to ER for a patient with a bowel obstruction. Old, recently had his esophagus replaced for cancer. I walk in and within seconds he starts vomiting feculent material everywhere. The nurse called for help, I'm sure I kind of froze. A bunch of people rushed in and he coded and was dead within minutes. Wild that i hadn't thought of that in years until this thread. I did meet my wife in that ER, so that's cool.
  2. Not ubiquitous. Like can’t walk down the street without smelling it. Or for porn, can access 24-7. Just not true.
  3. This goes hand in hand with another movement. The ubiquitous nature of high grade marijuana is a major problem. Smoking weed is a motivation killer for most people. I’ve changed a lot on this over the last few years. Three things that I get the argument for broadly legalizing, but think should be restricted are weed, porn, sports gambling. Terrible things for all young people, especially men, to have unlimited access to. Also, Ssris are horribly over prescribed. Horribly. It’s terrible for society.
  4. I’m not ignoring this post. The answer is just far too CR and this thread is thankfully avoiding that. For the rest, there seems to be a big focus on affordability here. The dream is harder to reach etc. Almost like the money is broken.
  5. I know it’s hard for a lot of posters here to realize, but there were a large number of people who thought the country was on the wrong track. Some of them have volunteered their service in righting the ship. I think that applies to Mr. Bessent.
  6. Tbf I’ve made 20% in a day. Not fucking with the Bank of England, but still. As his mentor Druckenmiller would say, “put all your eggs in one basket and watch them very closely”. For the rest, a detailed discussion but he covered a couple of the key points. Unnecessary stimulus goosing inflation and Yellen/Treasury skewing heavily to short term debt issuance did help support asset prices. Pretty standard stuff really.
  7. I wouldn’t call it a circle jerk, but ok. They did talk about regulation, never once mentioned AML stuff. You’re welcome to pass on watching, but then don’t act like it’s a bunch of incompetent actors without a plan. You just don’t like the plan. Which is fine too.
  8. Ask and ye shall receive. Interesting and more in depth discussion of a lot of things including the different prongs of economic policy being pursued.
  9. Not in China, but their fault. An environmental disaster for Zambia. 12 million of the 20 million population dependent in some fashion on this river. China’s record on environmental concerns is pretty well established. https://x.com/ap/status/1901020609057886374?s=46 A river ‘died' overnight in Zambia after an acidic waste spill at a Chinese-owned mine
  10. If the economy is so reliant on historically high government spending then maybe it isn’t really exceptional? Airlines have already taken a hit from decreased government travel.
  11. I understand that. We’ve gone free trade. It’s benefited most people surely, but it has lead to societal problems and national security vulnerabilities in the strongest country on the planet. So guess what? The pendulum is going to swing the other way. And by the way, there are still tariffs everywhere. We just haven’t had as much of them. So I don’t know if it’s a “post free trade” economic system. It’s more, the biggest economy on the planet wants to shuffle the deck. It’s a known term Really? Hadn’t seen that
  12. Chips act required a targeted, legislative effort. Tariffs are easy and within executive powers now. As far as being coherent economic policy, a post above outlined how it would be part of a combined effort. I don’t know if it’s going to work, but you can see how the pieces could fit. Yes globalization accelerated due to neoliberal economic polices. How do you make corporations do things? Financial incentives, ie tariffs. Yes I believe that Trump will do that. It’s the only policy he’s been publicly consistent on for 40 years.
  13. Ok. The way you first posted to implied more of a cause and effect. I understand that tariffs will put a damper on certain economic activities, like any other tax. We’ve run the globalization playbook for several decades and we’ve reached the point where the tradeoffs have to be accounted for and addressed. It started in 2016 and then COVID really highlighted the deficiencies we’ve allowed in our economy and society. A rebalancing of our economy is in order and that will take time and some pain. That’s known and I suspect it’s why Trump has shied away from market talk this time around. Depending on your definition they may not be “broadly supported”. But they are supported by his base. He was clear about his intentions, and he was elected handily. A lot of the handwringing comes from asset holders. I get. I’m one as well. We’ve killed it for the last several decades, while the working class has slowly bled out. We got cheaper widgets and bigger stock portfolios. They got unemployment, wrecked communities and the opioid crisis amongst other things. This is part of the attempt to address that. So he’s actually doing what he said, for whom he said he would. In the realm of politics, almost admirable.
  14. This sounds pretty definitive. Could you elaborate? Well that sounds bad. If tariffs stifle global economic activity, then maybe other countries should drop theirs?
  15. Interesting breakdown of the long term plan here. https://x.com/theallinpod/status/1899491382793773532?s=46 friedberg's most optimistic theory: the three-legged stool leg 1) tariffs -- encourages on-shoring of manufacturing --  increases supply chain security -- increases demand for domestic workforce leg 2) reduced income taxes -- unleashes capital into the private sector -- potential pivot from income-based to consumption-based taxation leg 3) reduced government spend -- slashing govt workforce frees up labor for private sector --  offsets inflation from tariffs
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