Over the years I’ve chatted with many retired pro-athletes and discovered there’s actually many similarities to retiring from a life of stock trading / hedgefund management. @chrispronger thread below will sound familiar to many that got highs/adrenaline from early success
Trying to find purpose is tough for everyone…especially in these trying times. For some of us, we really struggle emotionally when we no longer find ourselves on a team. We are pack animals and I think depression can creep up on anyone. No matter how much wealth or past success
In someways these types are lucky because the wealth and status attract people so you don’t have to be alone. But on the other hand, few want to hear that your depressed. Even fewer want to try to help because most feel you have no reason to be. And frankly sometimes it’s just…
Indescribable… so you try to help out where ya can. Try to be present as much possible. Find a balance. Anyhow.. chin up. #lfg
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@Nouriel just interviewed on @BBCNews highlighting his ‘mega threats’ list. Each item on the list will ultimately lead governments to throw money at problems. As he points out, they won’t raise taxes and they won’t cut spending so expect inflation.
I always appreciate sober real analysis along with discussions around practical solutions. But sadly the @BBCNews interviewer chose to end the interview with the classic stupid question that is often through at people like @Nouriel and his kind (like me)
“How do you get up in the morning?” And it’s asked with an air of attempting to be comedic. @Nouriel correctly stuck on point and said he’s trying to make the world a better place and pointing to solutions while also warning people to expect serious risk from inept governments
#nuclear is better than #coal not just when it comes to plant closures
#solar and #wind are great but only provide 2% of our primary power needs. We must get realistic and support #nuclear so that we can reduce coal use as well as fuel oil, gasoline, diesel
And finally nat gas.
Our only hope is to get realistic and get after eliminating the worst polluters first.
Fossil fuel use continues to rise globally and #nuclear is simply the only hope.
Good on you for keeping an open mind and helping to support rational decision making in Germany.
Central bankers must begin to increase liquidity and I expect #uranium to take off like a coiled spring. The reversal by Germany is hugely significant. Greens are acknowledging that nuclear power is superior to coal. Japan has reversed course and one by one major nations join in
We have restarts, new builds and life extensions continually adding to the short medium and long term demand models. I believe that to meet this demand we must see a doubling of the price of #uranium but markets always over shoot. Squeeze should be epic and beyond $200/lb
I have no issue with a fiat money system that prints money to bail out the economy and avoid financial disaster. Only condition is the bail out funds go to the poor and not the rich.
Bailing out bankers and brokers so they can make record profits again a few years later is/was disgraceful. Especially cause many of these people were able to buy up properties that were being sold in distress.
The fiat money system should be used to help solve inequality in our economic system. But instead it’s been exploited to benefit the financial supporters / financiers that own todays corrupt politicians.
$msos looks to have settled back down as the reality returns that these are mostly profitless debt ridden businesses run by stoners.
Perfect example of the over investing in commodity production leading to low stable consumer prices.
This weed stock cycle will end with bankruptcies and plenty of them. Here in Canada you can walk down many a streets and pass near empty weed stores more often than you can imagine. The some busier main streets have them nearly every 50m with 5-6 stores in a city block
It’s a low to margin business at best but with huge over capacity and minimal foot traffic per store it’s a damned industry. Not many people talk about the fact that 70% of cali weed growers went bankrupt after legalization.
One thing to consider… $650mm moving into Cameco is great for the #uranium sector. Institutional interest is only going to grow and market cap growth makes the sector more investable for larger institutions
$urnm $ura $u.u $sput will all benefit with greater attention and inflows. As the big boys get positioned in #uranium equities you can bet they will also want to have significant exposure to physical #uranium
It’s the #energy market trade of the decade as #nuclear power will be taking center stage. Overfeeding is coming and the demand for #uranium is set to grow by multiples over the next decade plus.