Le Patron
@lepatron.bsky.social
The likelihood of a December rate cut is increasingly low, and the lack of data is certainly not helping the fed. IMO the October cut came too early given that unemployment is still in the low 4% range, while core inflation is not showing any signs of abating.
November 20, 2025 at 7:06 PM
The likelihood of a December rate cut is increasingly low, and the lack of data is certainly not helping the fed. IMO the October cut came too early given that unemployment is still in the low 4% range, while core inflation is not showing any signs of abating.
Cars are both an important source of employment, and computers on wheels filled with connected electronics that could pose a security problem if data was exported to the wrong country
August 25, 2025 at 3:10 PM
Cars are both an important source of employment, and computers on wheels filled with connected electronics that could pose a security problem if data was exported to the wrong country
Consumer credit card debt has been climbing quickly
August 2, 2025 at 2:44 PM
Consumer credit card debt has been climbing quickly
For a long time Japan was able to defy the laws of economics. Not anymore.
BREAKING 🚨: Japan
Demand for Japanese 40-Year Bonds plunges to weakest level in 14 years 👀
Demand for Japanese 40-Year Bonds plunges to weakest level in 14 years 👀
July 25, 2025 at 6:56 PM
For a long time Japan was able to defy the laws of economics. Not anymore.
The Pentagon is making a $400mn direct investment in a US rare earths producer, in an unusual arrangement highlighting the Trump administration’s determination to break Chinese dominance of critical minerals and bolster domestic supply chains.
July 15, 2025 at 4:51 PM
The Pentagon is making a $400mn direct investment in a US rare earths producer, in an unusual arrangement highlighting the Trump administration’s determination to break Chinese dominance of critical minerals and bolster domestic supply chains.
The west’s passivity is astonishing.
China snaps up mines around the world in rush to secure resources https://on.ft.com/4nAuBDj
China snaps up mines around the world in rush to secure resources
Dealmaking hits highest level since 2013 as groups seek raw materials that underpin global economy
on.ft.com
July 6, 2025 at 10:23 AM
The west’s passivity is astonishing.
Gold has overtaken the Euro as the second largest reserve asset
June 15, 2025 at 7:01 PM
Gold has overtaken the Euro as the second largest reserve asset
FT alphaville “why credit ratings do (kinda) matter"
The rating agencies have helped form a “common language of credit risk”, he argues, which allows investors, borrowers and bankers to talk to each other.
The rating agencies have helped form a “common language of credit risk”, he argues, which allows investors, borrowers and bankers to talk to each other.
May 20, 2025 at 8:13 AM
FT alphaville “why credit ratings do (kinda) matter"
The rating agencies have helped form a “common language of credit risk”, he argues, which allows investors, borrowers and bankers to talk to each other.
The rating agencies have helped form a “common language of credit risk”, he argues, which allows investors, borrowers and bankers to talk to each other.
Reposted by Le Patron
My net response in glancing at this—the U.S. market as a whole is risky right now. As far as real opportunity abroad, you’d have to look very closely & carefully. This doesn’t mean the 🇺🇸 market won’t go up from here; I think we could see further bullish action. The consideration is more medium term.
May 3, 2025 at 9:50 PM
My net response in glancing at this—the U.S. market as a whole is risky right now. As far as real opportunity abroad, you’d have to look very closely & carefully. This doesn’t mean the 🇺🇸 market won’t go up from here; I think we could see further bullish action. The consideration is more medium term.
Some kind of gradual, moderate, selective tariff policy might be a good thing actually.
But the current ‘chainsaw massacre’ approach has made sure that respectable politicans and economists will not be able to mention the subject for years to come lest they look like fools.
But the current ‘chainsaw massacre’ approach has made sure that respectable politicans and economists will not be able to mention the subject for years to come lest they look like fools.
April 11, 2025 at 12:56 PM
Some kind of gradual, moderate, selective tariff policy might be a good thing actually.
But the current ‘chainsaw massacre’ approach has made sure that respectable politicans and economists will not be able to mention the subject for years to come lest they look like fools.
But the current ‘chainsaw massacre’ approach has made sure that respectable politicans and economists will not be able to mention the subject for years to come lest they look like fools.
The US market command high ratios relative to the rest of the world. www.multpl.com/shiller-pe
All other factors kept equal, countries with worse governance command lower valuation ratios. And vice-versa. In other words people are willing to accept lower returns for higher safety.
All other factors kept equal, countries with worse governance command lower valuation ratios. And vice-versa. In other words people are willing to accept lower returns for higher safety.
Shiller PE Ratio - Multpl
Shiller PE Ratio chart, historic, and current data. Current Shiller PE Ratio is 31.31, a change of -2.02 from previous market close.
www.multpl.com
April 6, 2025 at 10:17 AM
The US market command high ratios relative to the rest of the world. www.multpl.com/shiller-pe
All other factors kept equal, countries with worse governance command lower valuation ratios. And vice-versa. In other words people are willing to accept lower returns for higher safety.
All other factors kept equal, countries with worse governance command lower valuation ratios. And vice-versa. In other words people are willing to accept lower returns for higher safety.
Reposted by Le Patron
Zillow’s Real (inflation adjusted) Home Values hit the lowest level since May 2021. 👇🏼
March 22, 2025 at 6:02 PM
Zillow’s Real (inflation adjusted) Home Values hit the lowest level since May 2021. 👇🏼
The US stock market as a percentage of global stock markets has reached a multi-decade high of 64%.
March 3, 2025 at 1:45 PM
The US stock market as a percentage of global stock markets has reached a multi-decade high of 64%.
It’s always the same endless cycle. Tighten the regulations after a crisis. Once the bad times are far behind and forgotten, loosen the regulations.
March 1, 2025 at 8:03 AM
It’s always the same endless cycle. Tighten the regulations after a crisis. Once the bad times are far behind and forgotten, loosen the regulations.
Reposted by Le Patron
A new king has been crowned in the S&P 500 ETF race.
Vanguard's $VOO has overtaken the SPDR $SPY in total AUM.
Vanguard's $VOO has overtaken the SPDR $SPY in total AUM.
February 24, 2025 at 10:46 AM
A new king has been crowned in the S&P 500 ETF race.
Vanguard's $VOO has overtaken the SPDR $SPY in total AUM.
Vanguard's $VOO has overtaken the SPDR $SPY in total AUM.
The point of a gold standard is to root the currency in a finite, physical substance and therefore make all currency finite. A most rational monetary system! Inflation-proof! Perfect! What could go wrong?
The grain of sand in this wonderful mechanism is human nature.
The grain of sand in this wonderful mechanism is human nature.
February 18, 2025 at 7:15 AM
The point of a gold standard is to root the currency in a finite, physical substance and therefore make all currency finite. A most rational monetary system! Inflation-proof! Perfect! What could go wrong?
The grain of sand in this wonderful mechanism is human nature.
The grain of sand in this wonderful mechanism is human nature.
Gold is getting higher and higher.
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
February 14, 2025 at 10:56 AM
Gold is getting higher and higher.
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
Gold is getting higher and higher.
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
February 14, 2025 at 10:55 AM
Gold is getting higher and higher.
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
I don’t have an opinion on wether gold is going up or down. All I can say is that within the post Bretton Woods framework that started in 1971, gold is overpriced.
However the question is are we still in a post Bretton Woods framework?
The Trump administration changes its own policies faster that you say ‘tariffs’.
How can you hold talks with people who have been shown to negotiate in bad faith again and again?
How can you hold talks with people who have been shown to negotiate in bad faith again and again?
February 9, 2025 at 6:17 AM
The Trump administration changes its own policies faster that you say ‘tariffs’.
How can you hold talks with people who have been shown to negotiate in bad faith again and again?
How can you hold talks with people who have been shown to negotiate in bad faith again and again?
Tesla sales plunge in Europe. The brand is increasingly controversial, and it is facing more and more competition in the EV space.
February 8, 2025 at 3:41 PM
Tesla sales plunge in Europe. The brand is increasingly controversial, and it is facing more and more competition in the EV space.
Countries with the most assets in public pension funds
February 5, 2025 at 8:42 AM
Countries with the most assets in public pension funds
The magnificent 7's share of the S&P 500 visualized
January 29, 2025 at 11:28 AM
The magnificent 7's share of the S&P 500 visualized
Reposted by Le Patron
Bruh if Nancy Pelosi knew to sell into the rally that ended Friday because she saw the hit from DeepSeek coming she has my firmest congratulations.
This is Dunning-Kruger stuff.
This is Dunning-Kruger stuff.
[laid up in a hospital bed, leg in pulley contraption] "I need to make a little sale-a-roo."
January 29, 2025 at 12:41 AM
Bruh if Nancy Pelosi knew to sell into the rally that ended Friday because she saw the hit from DeepSeek coming she has my firmest congratulations.
This is Dunning-Kruger stuff.
This is Dunning-Kruger stuff.