By the end of this hour, you'll understand all the jargon-y bullshit levers at work setting Scott Besset and the Fed up for what could be an unprecedented rocky financial road.
I have a book "Mathematics from the Birth of Numbers". It's a history of math. The book shows how the ancient Romans didn't have much regard for math. They had a funny proverb:
Latin: "Tolle mathematicum! est augur surdus, haruspex cecus et hariolus demens: praesentia scire Fas hominum est, soli Domino praescire futura.
English: Take the mathematician away: he is a stupid augur, blind prophet, crazy soothsayer. Man may know the present; only God can foresee the future."
I listen to these podcasts while going to bed. Helps me get to sleep, and if my chance it holds my interest, I learn something before I drift off and return to blissful ignorance.
Thanks for the link. Bessent know that he and Trump are in the debt trap set by the prior Deep State administrations, including Trump's first. Any degree of future "honesty" in fedgov economic/financial statistics will expose the ongoing stagflationary recession/depression that the nation has been in almost continuously since the GFC. There's a narrow window for the start of a "fix" (including a fully PM-convertible $) but the window is narrow and will close rapidly unless the right policies are quickly adopted. Buckle up - the ride's going to be a bumpy one.
" And he does it using the absolute maximum amount of complexity possible for the everyday person to understand." I haven't watched it yet, but I think you meant "MINIMUM" not "MAXIMUM."
Seriously, you and George Gammon have a natural way of feeding off each other and it should become a weekly thing. Give Rogan a run :)
"There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know."
John Kenneth Galbraith
LOL. that's good.
I have a book "Mathematics from the Birth of Numbers". It's a history of math. The book shows how the ancient Romans didn't have much regard for math. They had a funny proverb:
Latin: "Tolle mathematicum! est augur surdus, haruspex cecus et hariolus demens: praesentia scire Fas hominum est, soli Domino praescire futura.
English: Take the mathematician away: he is a stupid augur, blind prophet, crazy soothsayer. Man may know the present; only God can foresee the future."
It's all political economy. All the way down.
Imagine trying to do math with Roman Numerals!
Superb video. Thank you.
Thanks for the link, I also love George Gammon's take on things.
I don’t have an hour on top of everything else you produce, to listen. Please give us a 12 minute write up. Thanks.
I listen to these podcasts while going to bed. Helps me get to sleep, and if my chance it holds my interest, I learn something before I drift off and return to blissful ignorance.
Thanks for the link. Bessent know that he and Trump are in the debt trap set by the prior Deep State administrations, including Trump's first. Any degree of future "honesty" in fedgov economic/financial statistics will expose the ongoing stagflationary recession/depression that the nation has been in almost continuously since the GFC. There's a narrow window for the start of a "fix" (including a fully PM-convertible $) but the window is narrow and will close rapidly unless the right policies are quickly adopted. Buckle up - the ride's going to be a bumpy one.
" And he does it using the absolute maximum amount of complexity possible for the everyday person to understand." I haven't watched it yet, but I think you meant "MINIMUM" not "MAXIMUM."
You’re probably right but it would also be interesting if it was “maximum”.
Thanks for the link QTR
I meant maximum. It’ll push you. Just not too far.