Wall Street Week 05/24/2024

On this edition of Wall Street Week, Scott Chronert, Citi US Equity Strategist explains why he sees the breadth of the market broadening out. Henry McVey, KKR Head of Global Macro, Balance Sheet, and Risk Team and CIO of KKR Balance Sheet sees domestic investment opportunities in China. Christine Todd Whitman, Former New Jersey Governor, EPA Administrator and States United Democracy Center Co-Founder and Co-Chair explains just how much power data centers demand and what we can do to avert the economic and environmental issues they might cause and Paul Krugman, Nobel Laureate in Economics and Distinguished Professor at City University of NY Graduate Center says that a second Trump administration could be very different from the first.
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[@MarcelaWolfinbarger]

You do amazing work, your expertise helps us all get better and progress. Thank you very much for your work and the information you share with us.🗾

[@famahyus]

He has never been unconfused in the last two decades

[@meadhill]

Krugman is a politician not an economist

[@michaelcap9550]

He predicted 9 of the last 5 recessions.

[@ISpitHotFiyaa]

Exactly. The guy's a hack.

[@bdek68]

The debt is not a problem!!! I have no words at this point. We are beyond screwed with people like Krugman being sourced

[@ThatonedudeCR12956]

If the FED created enough dollars to make it so they could immediately pay off the national debt...BUT...instead of doing that they just did nothing with the money and didn't notify anyone of the funds and nobody was ever aware...Do you believe inflation would increase? If you're incapable of answering that question or understanding why you would get it incorrect then just listen to the experts.

[@s0.0s]

Tell this to Japan, LOL!

[@SeekingAlfalfa]

Krugman -- The problem isn't the debt, the problem is we can't pay the debt.

[@ThatonedudeCR12956]

If the FED created enough dollars to make it so they could immediately pay off the national debt...BUT...instead of doing that they just did nothing and didn't notify anyone of the funds and nobody was ever aware...Do you believe inflation would increase? If you're incapable of answering that question or understanding why you would get it incorrect then just listen to the experts.

[@cortlandjdmayberryshraderm9619]

It's always a delight to see from The archives are the flashbacks like seeing Luis Ruchauser from back then thank you

[@amit_FF100k]

Revux's team is top-notch. Expecting big developments soon!

[@rjmcfly202]

"...🥇top of the pack...did you move?...wall street week elves...", great flex + analogy Mr Dave Western. This weeks episode: Mercurial as ever, on point and informative. Worthy clarity all-round Mr Scott Chronert, albeit Dave Western. The part of being hired as an intern @the Judges office: wow buddy, Mr Western, you've really been through life, and tread🚶‍♂️...ummm🤔...🏁...wow, vastly experienced👨‍⚖️👏🎖️. Bravo, adding quality+substance to Mr Michael Bloombergs'🎅ranks🎖️. Greatstuff, keep up the good work 🏁🎖️👏

[@ericshen2268]

Really appreciated your personal story. What seems like a wall turns out to a door after all. There may be a Sally out there giving us a call when we least expected. Your "Wall Street week" is my favorite Saturday morning view.

[@arshdeepsharma3628]

Revux's roadmap looks promising. Exciting times ahead!

[@Smart_Investing]

Hi David, On the topic of data centers and energy, I think as a country we should be moving forward with solar energy first, i'm not sure about nuclear, I'd have to look into more since it's outdated infrastructure. Solar is cost effective, very compact, and has the option to store a small conversion of energy into battery. On the downside though it is not meant to be effective in performance at 100%, just around 19%-24%. Hopefully as time goes on, improvements can be made for higher efficiency. All in all if nuclear can be modernized maybe it can work in tandem with the electrical grid and solar but again the preferred method should be solar if I had to choose to vote for it on a ballot. Also, on the topic of hiring and talent acquisition, few companies might have good employees or good management or both but that doesn't mean a person will be loyal. We live in a country where it's an employee market so to have a bit of leniency and understanding can be a huge deal. I stated in my annual online conference that employees need true leadership not bosses. Albert (Owner) at Smart Investing

[@noremacmada]

2:46 - Citi “elf”, right on the money, IMO 19:09 - Leader who named rest stop after titillating radio host distills utilities craze 28:47 - Krugman talking point for deficit apologists (appeases me!) 34:26 - Krugman sounding apathetic for once (Overall I feel like CUNY should make one of the FIT profs redesign Dr. Krugman’s office to be one more befitting rockstar faculty) 43:39 Reminds me of when DB had two CEOS 44:54 Search “The Endless Shrimp Investigation” for some incite on this whole debacle

[@nakerinzhkheranite]

I'm impressed with your trading skills

[@Fgji230]

The neutral rate is higher. R*. The fiscal spending is noticeable. And it is "at times" pushing up the economy and R*. But it's not ideal. Most companies can't plan around these fiscal injections. Like walmart will go from stupid busy, to really slow. Is the fiscal spending sustainable? For growth? Too early to tell. Can fiscal spending and current state of economy push up the R* higher? Maybe... i don't know.

[@raiyanansari4170]

Been tracking Revux's development. Impressed with the progress!

[@Bigwilli123]

The exodus of wealthy individuals from Massachusetts is largely due to high taxes and cost of living. If you're invested in local real estate or businesses, you might see a decline in value. It's essential to diversify outside the region.

[@parveenmomin6293]

Just increased my holdings in Revux. Feeling confident about this one!

[@edmundlively8137]

Creeping debt servitude continues upward as the budget deficit expands but no one notices until holders of liquidity that could have gone into purchase of more treasury papers. Suddenly realize that the risk is no longer digestible. at this Minsky moment. Demand and supply suddenly shift to send interest rates dramatically. Upward. explosion of rates requires either more inflation more inflation or more taxation or both as debt servitude shifts into complete debt slavery for every citizen of this country, no one can predict when this critical mass will supervene

[@Fgji230]

Why did Burns cut rates "too early"? Was it because the economy wasn't growing? Near 3% cpi. The blame fell on Burns, but inflation expectations ran out of control. Fiscal spending probably helped fuel it. Do we need recessions? Or can we bypass it. Wasn't it enough to forecast and companies prepared for a recession? To prevent a recession.

[@bernhardkloepper7482]

Excellent

[@user-pv5jb3st6q]

Revux's low presale price is a steal. Time to load up!

[@imprivsoaugustinei1910]

One Plutarch in my presence , they rarely say anything tight lipped

[@Fgji230]

R*... how much of this is psychological. How does one define neutral rate? Why was 19% rates required instead of 15%? In history. Inflation?

[@Loyal5l7f9lff]

In the next bull run, keep an eye on DOT, VRA, and SOL, but don't overlook Revux's RVX

[@ManishSahu-cl8ck]

Clearing out all my Alts going into BTC and Revux only, maybe a little BNB and SOL

[@suppertime-qj1nt]

I enjoyed Krugman fantasizing about how Trump will become a dictator.

[@bdek68]

AI is nothing other than an overhyped superbubble.

[@ThatonedudeCR12956]

And?

[@lisizecha9759]

​@@ThatonedudeCR12956 AND NOBODY IS THINKING OF THE CHILDREN - in case you're into Simpsons

[@TanSpaceX]

Paul Krugman is being honest. Even J Powell doesn’t know for sure where/when the rates are heading. As far as the national debt, it’s a bipartisan issue. Of the only 5 years of balanced budgets, 4 were under the Democrat administration; 1, Republican administration. There are too many clueless and pretentious backseat drivers.

[@cortlandjdmayberryshraderm9619]

Either way that means interest cost and when you don't have that you don't have that wasted interest costs those increasing interest costs are going to make it much harder to balance the budget to at least reduce the national debt although it seems like some don't want to have that national debt paid off entirely come on it's got to be reduced at least

[@jtrealfunny]

Funny there's so little discussion of how AI will improve our lives beyond making money for some people; I find it completely dystopian and find it odd that I have no say or choice in something so potentially powerful and impactful. In the past would people have imagined an AI world being a good one? Do we imagine it now? Seems that if it makes lots of money it's a win. Does it pay taxes and build communities? Jaja, take it from the man.

[@dejabu24]

this is financial channel not charity

[@SEMINOLEsq.]

Krugman said "interest rates are still below the economy's growth rate". The ten year is at 4.5%. GDP is not growing at that pace.

[@s0.0s]

GDP growth was 1.6% last quarter. How much is that multiplied by 4?

[@phenomenalfemale524]

Excellent point. Krugman is not a reliable source. Find another economist.

[@FinestaGang]

KRUGMAN: .....Er......MAYBE......

[@philrich6327]

It does not take much to confuse krugman. Most undeserving winner of a noble prize.

[@dsmonington]

"Most undeserving winner of a noble prize."??? He revolutionized trade theory, making it far more realistic. His noble prize has nothing to do with his political pandering anymore than Friedman's well-deserved prize had anything to do with Friedman's politics.

[@mrmiteva]

AI right next and hooked up to the nuclear reactors it can use to destroy us!! what a "great" idea!!!

[@christidavis6182]

Wall Street Week 05/24/2024

[@RatTerminator]

Everything this guy says& has predicted is & was WRONG

[@lisizecha9759]

There was more than one guy, though

[@arturosandoval]

Horrible analysis

[@imprivsoaugustinei1910]

So that sortae helix 🧬 ocvii is there are certainly 4 deilectic economy 1) populous 2) Plutarchy 3) annalistic 4) cannabalistic , equals 🟰 [••••] honestly they collude in there fringe Ande literally cannot bare each other

[@imprivsoaugustinei1910]

This year it is appearing Ande relevance true helix 🧬 2/2 sceitific observation

[@imprivsoaugustinei1910]

Similar to isolated people modern who believing them self donating “”populous “” than suddenly a complete loss of faith in fallacy belief Ande panicking , abandoning there city 🌆