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@DrPippaM the only thing I was surprised by in your talk with @ttmygh today was...
that people think inflation is dead.
Genuinely didn't know that was mainstream consensus.
that people think inflation is dead.
Genuinely didn't know that was mainstream consensus.
Pleased to hear your comments about cost of eggs in London, too.
And the ability to make drones more cheaply in England than China? Love it. Glad to see a battle over "quality" as much as "price" in global manufacturing and technology space.
And the stuff about digital currency is noteworthy, too. Very powerful. I wonder if Old Leaders of 21st Century will be able to change fast enough? You say "... even India..." but I wonder if they're able to build-out the next-gen monetary infrastructure quicker than incumbents?
Fun conversation all around. Important things. https://twitter.com/ttmygh/status/1245840394035720194
Commens about "China manufacturing focused on domestic Chinese market" makes sense, too. Part of the "shift to a consumer economy" story that's been long coming.
Agreed that re-localization of production is key. Seeing that myself in mining space. Shoutout $OMM and $BHS.
Agreed that re-localization of production is key. Seeing that myself in mining space. Shoutout $OMM and $BHS.
Off-the-wall mention of obscure book "The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era" 1995 by Jeremy Rifkin.
Post-market? Yeah, right. Wanted to mention anyways...
Post-market? Yeah, right. Wanted to mention anyways...
Messy period with broken assets that will get cleared, eventually. As that happens and light shines through, "psychology kicks in." Good point from Pippa that it's not just inflation, but inflation expectations that drive animal spirits.
Roaring 1920s analogy for 2020? Yup.
Roaring 1920s analogy for 2020? Yup.
https://en.wikipedia.org/wiki/Roaring_Twenties
"The social and cultural features known as the Roaring Twenties began in leading metropolitan centers and spread widely in the aftermath of World War I. The United States gained dominance in world finance. "
So... the SPRING in Kondratieff Waves?
"The social and cultural features known as the Roaring Twenties began in leading metropolitan centers and spread widely in the aftermath of World War I. The United States gained dominance in world finance. "
So... the SPRING in Kondratieff Waves?
Sorry, the "SPRING" phrasing is out of left field. Strauss and Howe said "turnings" include: "The High", "The Awakening", "The Unraveling" and "The Crisis". Kondratiev had different language.
Pippa said "BOTTOM FISHING". Wow!
"Howard Marks' are about to become gods..." Amazing, I didn't expect to hear that. But -- Resolution Trust Corp makes sense. Lots of opportunity in the chaos, but need to sort through the rubble. Messy.
I like it : )
@DrPippaM
"Howard Marks' are about to become gods..." Amazing, I didn't expect to hear that. But -- Resolution Trust Corp makes sense. Lots of opportunity in the chaos, but need to sort through the rubble. Messy.
I like it : )
@DrPippaM
"I am looking forward to being in these markets and I think there is a lot to do..."
https://en.wikipedia.org/wiki/The_Forgotten_Man:_A_New_History_of_the_Great_Depression
Wow. Glad to hear that someone flip Bernanke's perspective on the Great Depression. Powerful stuff in final moments of interview.
"... uncertain world... preparedness."
https://en.wikipedia.org/wiki/The_Forgotten_Man:_A_New_History_of_the_Great_Depression
Wow. Glad to hear that someone flip Bernanke's perspective on the Great Depression. Powerful stuff in final moments of interview.
"... uncertain world... preparedness."
"Now everybody's an activist..." Yup!
https://en.wikipedia.org/wiki/The_Social_Contract
"Maybe this is a wonderful moment in history where we can rethink what is the social contract. Every country has a different one..." Wow, Pippa. @Halsrethink would be proud!
https://en.wikipedia.org/wiki/The_Social_Contract
"Maybe this is a wonderful moment in history where we can rethink what is the social contract. Every country has a different one..." Wow, Pippa. @Halsrethink would be proud!
