Winners, Losers and Links
Money, Flows, Liquidity and away we go
Winners
Bubbles - Fed finally signaling a pivot. Let’s see what bubble can keep going. Anyone want to do a slidedeck on XYZ AI?
Mortgage Borrowers - If rates peaked, some relief should come in the form of lower rates.
Corporate Borrowers - Lot of deals needed to roll over so help is on the way.
Losers
Employees - Higher interest rate situation has made the lay-off notices pop up more.
Europe - They sacrificed their economies and finances for a play in Ukraine.
Links
Marginal Revolution on the way Twitter has survived many premature death calls.
Chinese organizations forced fentanyl on America drug distributors.
Our Navy cannot even fully staff Aircraft Carriers.
Drone warfare and our precision guidance munitions bring new dimensions of the battlefield.
The Worthy House reviews Kotkin’s book on the Soviet collapse.
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Re: Our Navy cannot even fully staff Aircraft Carriers:
I think everyone reading this blog would agree that serving in the current US Military is cringe at best and suicidal at worst. However, knowing a few former sailors, I can easily image that in a SHTF scenario where qualified, competent crew were needed, the Navy would be able to re-staff from volunteering veterans quickly. The US Military is still a massive jobs-and-free-college program, after all; lot's of young men are still taking advantage.