Sven Henrich, Discover and Read the Best of Twitter Threads by @NorthmanTrader

Sven Henrich

NorthmanTrader

What I worry about the most: Nobody, and I mean nobody, has a clue what the ramifications are of all this combined monetary/fiscal stimulus. They have not thought this through

Central banks now print during times of recessions & during times of non recessions. They cut rates with unemployment at 3.5% & they run the biggest QE programs ever during

The bull case: Nothing matters.Not debt, not growth, not earnings, not layoffs, not valuations, not forward multiples, not tax hikes.Keep buying historic valuations because the magic money fairy will keep

Media is paid by clicks & traffic.Controversy & outrage create engagement by appealing to our lower instincts.Creating divisions & high emotions serve the business model.Society at large is being degraded

Today in history:September 3rd marked the top in 1929 following a furious rally fueled by wild optimism, excessive retail speculative behavior and markets disconnecting far above the fundamentals of the

Every company right now is busy figuring out how to do more with less.And once they figure who the less is those jobs are not coming back. Check https://twitter.com/cnbc/status/1260464780986462210?s=21 https://twitter.com/CNBC/status/126046

2.98 M new claims If I could dislike my own tweet I would.This is just dreadful data that keeps coming out.

A pandemic serves as a reminder that we have no right to be here.Our existence is a privilege.Take your pick if it’s extraordinary luck or providence, no matter, the world

Idiocracy was a documentary. Here's a novel idea: If you can't identify the country you are a citizen of on a map you shouldn't be allowed to vote.

The economy is not fragile because of the virus.The virus exposed the fragility of the economy.2009-2019 produced the slowest recovery in history while requiring the highest debt expansion & lowest

Investors just chased stocks into a 131.1% market cap to GDP valuation during the largest economic crisis of our lifetimes.And that GDP denominator will be shrinking. So the real valuation

Let's call a spade a spade: Friday's Fed announcement was a bank bail out.Why? Because bank stocks got crushed in 2020, and they lagged significantly even on the recent bounce.The