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Ben Hunt Profile picture
@EpsilonTheory
Jul 28, 2020 • 3 tweets • 1 min read • Read on X
Today Florida is reporting 184 new Covid deaths (record high) but "only" 9,230 new cases.

Those 9,230 cases are from 49,000 tests, a 19% positivity rate.

Two weeks ago, Florida was performing 88,000 tests per day.

What is #DontTestDontTell? This.
I’ll go ahead and post this in advance of the Covid-truther replies to this thread. Image
You'll never convince me that the sharply reduced Covid testing in both Florida and Arizona isn't intentional. Never.

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More from @EpsilonTheory

Ben Hunt Profile picture
May 29
This is a common knowledge moment - everyone now knows that everyone now knows that the US deficit cannot be controlled over the remainder of Trump's term - and it puts us on a path to a sovereign debt crisis.

"How I Learned to Stop Worrying and Love the Deficit"

New on ET! Image
No one believes this administration has any ability (or desire) to control explosive growth in the federal deficit.

No one is pretending otherwise any longer, not the White House, not Elon, not Bessent, not House Republicans, not the media MAGA crew.
epsilontheory.com/how-i-learned-…
The narrative strategy going forward is to say that more fiscal deficits are awkshually a good thing, as all this government ‘stimulus’ will keep us out of recession and the deficit from going parabolic.

The Golden Age may be delayed, but not denied!

epsilontheory.com/how-i-learned-…
Read 6 tweets
Ben Hunt Profile picture
May 5
It's not the tariffs. It's not the recession. It's not the tax cuts. These are just the catalysts, the vehicles through which the true enemy shows himself.

"Our True Enemy Has Yet to Reveal Himself"

New on ET! 🧵 Image
I feel as strongly today as I did in 2008 that our true enemy has not yet revealed himself.

epsilontheory.com/our-true-enemy…
I feel as strongly today as I did in 2008 that the ‘normal’ market discourse around recession and jobs and inventories acts as a distraction from the systemic risk that is manifesting itself.

epsilontheory.com/our-true-enemy…
Read 7 tweets
Ben Hunt Profile picture
Apr 21
We're in the early stages of a bank run on the United States and the US dollar, and everyone on Wall Street is heading for the exits, including domestic investors who will exit not because they want to but because they know the Not-So-Golden Rule.

New on ET! 🧵 Image
Do unto others as they would do unto you.
But do it first.

That's Wall Street's Not-So-Golden Rule, and if you want to be successful in the business of Money, it's the one rule you must obey.

epsilontheory.com/wall-streets-n…
I think that Trump a) recognizes he overplayed the tariff card, b) is sidelining ideologues like Navarro, and c) is looking to de-escalate the China trade war.

And it doesn’t matter.
epsilontheory.com/wall-streets-n…
Read 6 tweets
Ben Hunt Profile picture
Apr 7
I promised a long-form note on why the tariffs are madness, yes, but even more so why replacing the Pax Americana regime with an America First regime is such a terrible deal for ALL Americans.

So here you go! No paywall on this one.

"Crashing the Car of Pax Americana" 🧵 Image
Pax Americana is the dominance of the USD as the world’s reserve currency and the US military as the world’s security arbiter.

Pax Americana is most of all the American stories that have dominated the hearts and minds of everyone on Earth for 50+ years.
epsilontheory.com/crashing-the-c…
Pax Americana is system of multilateral rules and institutions that coordinates the flow of capital, labor, goods, and services without trying to ‘win’ any head-to-head relationship.

It has made the US insanely wealthy and lifted billions out of poverty.
epsilontheory.com/crashing-the-c…
Read 10 tweets
Ben Hunt Profile picture
Feb 18
The Road to Serfdom is not an endless road, but its path and duration, what I call the Great Ravine, is not up to us to choose. While we walk this road the only thing we can save is our souls, and we do it with one simple sentence: It was never going to be me.
🧵 Image
Trumpism is an ideological embrace of America as a Great Power, that this is everything America should be, and an ideological rejection of America as a Good Power, that this is something America should never be.

epsilontheory.com/it-was-never-g…
I don’t mean “good” in the sense of doling out foreign aid lavishly and stupidly. I mean “good” in the sense of what the Framers called a more perfect Union, where ideas like liberty and justice are policy goals even at the cost of “efficiency”.
epsilontheory.com/it-was-never-g…
Read 7 tweets
Ben Hunt Profile picture
Feb 25, 2024
How does gov’t policy create inflation?

Eversource (ES), the publicly-traded company with a monopoly over most of Connecticut’s electricity supply, is raising its rates by 19% on May 1.

Reason? To recoup losses on required purchase of carbon-free power.

But there’s a twist!
CT requires Eversource to buy electricity from Millstone, the state’s last nuclear power plant, at a fixed price.

Eversource sells this electricity back to the grid.

When nat gas prices are high, like after the Russian invasion of Ukraine, the company makes a profit on this.
But when nat gas prices are low Eversource takes a loss, which they may recoup from customers by price hikes.

The lower the price of nat gas, the higher the cost of electricity to Connecticut residents.

I am not making this up.
Read 4 tweets

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