Hard Landings
No, not talking about my flight
When my flight took off from Madrid, my news feed was all about how Nvidia’s earnings had banished worries about an AI bubble. By the time I landed in NY, no they hadn’t, and Trump was threatening to execute members of Congress for saying that the military should disobey illegal orders.
So there’s a lot going on. Financially, the most striking may be the crash in crypto, which, as I wrote just two days ago, has become a Trump trade. Question: Is the ongoing plunge justified by fundamentals? Answer: What fundamentals?
But too tired to say much right now. Regular posting will resume this weekend.
MUSICAL CODA
Only one man can destroy the US economy like Trump can
Awesome musical coda. I’m happy to share that my corporate employer published an article yesterday, internally, saying that Tariffs pose a challenge to our economy! OMG … if only we knew the root cause!