@GordonJohnson19

I’m loving this new Ross G. Making a ton of sense.



Treason no longer exists in the USA.

In other news… water is wet.

This is the WOMAN WHO SHOULD LEAD THE DEM party. @hakeem-jeffries.bsky.social is literally WORSE than the 70-80yr olds who appointed him. We need FIGHTERS!

You turned a blind eye to Musk’s many atrocities for yrs (funding secured + paint it black video + alleged overt racism at CA pant + forcing folks back to work at height of COVID + etc.). It wasn’t until he switched sides politically did your views shift. This calls into question your motives.

Wow. This is great color. Social media can be a HORRIBLE place to get information.

The answer to all of these questions has been no for a LONG time. It didn’t start w/ Trump - remember when the Dems were telling voters how great their economies were as inflation raged and how sharp Biden was, and also called massive govt deficit spending the “inflation reduction act”?

JPMorgan CEO Jamie Dimon on Bitcoin:

"Bitcoin has no intrinsic value. It's used heavily by sex traffickers, money launderers, ransomware."

This is why GLJ calls it 🐀 poison, and it is. It's a ponzi/fraud, pulling $ away from actual productive assets.

x.com/DocumentingB...

4/4... US Treasury has some ~$7tn of debt to refinance in 2025E, vs. ~$2.3tn in 2024E, WHICH IS ABSOLUTELY massive (in general, more debt issuance = higher yields). This is a "perfect storm" for WAY, WAY higher yields. Is @GLJ_Research the only ones who see what's likely fated?

3/4... is a risky strategy, and it comes with significant costs. In addition to a higher interest expense, concentrating issuance in short tenors exposes the Treasury to greater volatility via refinancing risks and creates the potential for a financial accident.”, and (3) the...

2/4... elect S. Bessent is unlikely to follow @secyellen.bsky.social's focus on short-term debt issuance, writing for his fund, Key Square Capital Management in January of this year, where he warned: “Over a medium-term horizon, we believe [high bill issuance]...

1/4 US Treasury yields are likely headed WAY, WAY higher. Why? Well, three reasons, namely: (1) the two largest historical buyers of US Treasury debt are net sellers currently, and Europe's holdings are also now falling too, (2) Trump's Treasury Secretary...

#facts

ISM Prices Paid exploded higher in Dec., beating ests. by a mile. Hey @federalreserve.bsky.social... you think the 100bps of rate cuts you've done since 9/18/24, w/ fincl conditions looser than before you began hiking rates (looser fincl conditions = inflationary), may have something to do w/ this?

Question. #Bitcoin seems to simply be a proxy for global M2, but on a ~10 week lag. So, given global M2 is falling, it seems #Bitcoin is headed to $70-$80K/coin, no? If that happens, what happens to companies running ponzis based on raising debt to buy more #Bitcoin?

You do amazing (balanced) work on $TSLA. Bravo! Don’t be discouraged. GLJ Research is a fan of yours.

3/3 This bubble, which pulls in a lot of retail money, meaning moms/pops will LOOSE EVERYTHING, is being enabled by a reckless Fed, and a @cftc-ae.bsky.social who has turned a BLIND EYE to 0DTE and weekly options, pushing stocks inorganically higher. This ends in tears, and possibly worse.

2/3... IN EVERY MARKET IT COMPETES - b/c if its sales are not growing (which they aren't), it cannot pay investors 100% of its 2024E earnings for the next 180yrs. While it's easy to say valuations don't matter, history has shown that they ABSOLUTELY do, EVERY TIME.

1/3 The first thing I see when I pull up @bloomberg.com "Tesla's Sales Crash..."; yet, the stock is trading at 180x '24 earnings (meaning investors expect $TSLA to pay them 100% of its 2024E earnings every yr for the next 180yrs), meaning it's sales should be growing EXPONENTIALLY...

4/4 At risk of stating the obvious, this does not seem to be Consensus at present (i.e., a hawkish move in the dot plot).

3/4 However, Wall Street, currently, ests. the Fed Funds Rate at 3.625% in 2025E & 3.125% in 2026E. So what? Well, given the @federalreserve.bsky.social usually prices its dot plot close to "the market" (i.e., Fed Funds Futures), it seems their dots are about to move higher.

2/4 So, right now, the market (i.e., Fed Funds Futures) is pricing in a Fed Funds Rate of 3.837% in 2025E, and 3.808% in 2026E.

1/4 Why even w/ today's 25bps cut from the
@federalreserve.bsky.social (a 100% probability given the mkt has priced in a 98.6% chance of it happening), which is a mistake in the face of rising inflation/record stock-crypto-home prices, the dot plot will likely disappoint equity bulls a 🧵.

Can you point out where, in what I said, was I wrong? Having opinions, backed by facts, is not a political statement.

He did nothing to rein in E Musk, and support every Biden initiative that brought massive inflation to us poors. How in the heck is he “for the people”? The rich/billionaire class? Is that the people you speak of?

And it will keep happening. It’s so sad.