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Gordon Johnson Profile picture
@GordonJohnson19
Jul 11 • 4 tweets • 3 min read • Read on X
1/4 You're wrong old friend. The @federalreserve is not only providing stimulus at present, but has been for a while. How do I know?
2/4 Does anyone wonder why Crypto is at an all-time-high & stocks keep going up daily despite deteriorating economic data (job losses picking up + poor $AMZN Prime Day sales + revolving credit dropping -3.2% YoY in May [most since Aug. '20] + real wage growth falling + etc.)? Image
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3/4 U.S. M2 has hit an all-time high, and is currently above COVID levels. What's funding all this? Well, an expansion of 💵 printing, of course, by the @federalreserve. And, where's all this money flowing too? Essentially hedge funds and non-bank financial entities - i.e., QE. Image
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4/4 And, it's all resonating in LOOSENING financial conditions, which means inflation will take back off imminently. Get ready for MUCH higher prices! #thefoundingfathersarerollingintheirgraves Image

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More from @GordonJohnson19

Gordon Johnson Profile picture
Apr 29
1/5 So, the @federalreserve has allowed inflation expectations to become COMPLETELY unhinged, yet again, which means, soon, a surge in inflation is coming to a grocery "shelf" near you/me. Yet, instead of the folks who "have a voice" demanding to know why J. Powell... Image
2/5... and crew are not doing anything to combat this (i.e., by aggressively shrinking the bal. sheet), J. Powell continues to get softball questions at each presser. Keep in mind, inflation is defined by: M2 * M2V, where M2 = $. Thus, in short, inflation is a monetary...
3/5... phenomenon (i.e., $ printing = inflation vs. $ destruction = deflation). Everything else is BS, including the @federalreserve focusing only on rates. And, when looking at the actual $ in circulation, there has been virtually NONE taken out of the system since the... Image
Read 6 tweets
Gordon Johnson Profile picture
Apr 22
1/4 CAUTION: @GLJ_Research is not an expert (yet) in the AI space. So... @IvanaSpear... question. In the chart below you show $TSMC's revs at $19bn. Thusly, given $NVDA is basically their only customer, and $NVDA claims margins on GPUs of ~70%, $19bn in $TSMC rev equates to...
2/4... around $63.3bn in $NVDA rev (i.e., $19bn in TSMC rev ÷ [1 - 70%, or $NVDA's G. Margin] = $63.3bn) - i.e., keep in mind, TSMC is $NVDA's sole supplier. So, why do you peg NVDA's revs at $200bn? Where is the other $136.6bn coming from, USING YOUR numbers?
3/4 @GLJ_Research has just recently began looking into the AI space. So, perhaps, we're missing something? Or, could it be, $NVDA is using credits to double-count revs (i.e., I have a friend who's a client of AWS, and was given...
Read 4 tweets
Gordon Johnson Profile picture
Apr 11
1/18 For anyone who's followed @elonmusk and $TSLA since ~2017-18, they've seen @elonmusk get away with QUITE A BIT, which may have landed a normal person in (very) hot water. What are some of those things? Well, in no particular order, we note:
2/18 Musk has hinted $TSLA will have robotaxis, “next year”, every year, for nearly a decade, which $TSLA still hasn’t achieved; yet, $TSLA has used that promise to raise billions in capital from investors, again, for nearly a decade ().
3/18 Faking the largest leveraged buyout in the history of the stock market by saying he had “funding secured” to go private (at a much higher stock price than where the stock was trading at) when he didn’t ().cnbc.com/2022/04/16/elo…
Read 18 tweets
Gordon Johnson Profile picture
Mar 2
1/10 @elonmusk also said, in recent days: (a) USAID spent your tax dollars to fund celebrity trips to Ukraine, all to boost Zelensky’s popularity among Americans (this was not true, and included a video that was fabricated), (b) “Reuters was paid millions of dollars by the US…
2/10… for ‘large scale social deception’. That is literally what it says on the purchase order! They’re a total scam. Just wow” (this proved not true, and we later found this contract was awarded by Trump), (c) Castes baseless suspicion upon tax credits under Trump and Biden…
3/10… which we later found out was totally baseless, and based on Trump signing an expansion of the child tax credit in his 2017 tax law, causing the increase in 2018, (d) declared the US govt gave the the the New York Times tens of millions of…
Read 10 tweets
Gordon Johnson Profile picture
Feb 26
1/7 Ponzi schemes, pump-and-dumps, and cons falling to earth is GOOD for society. Unproductive 🐀poison (i.e., #Bitcoin/#CRYPTO), that eats up valuable energy resources is BAD for society. Send this garbage to zero. It's good for humankind.
2/7 Why is #Bitcoin 🐀poison? Simple. (1) Crypto is a story that are bits of computer code uncorrelated with any real-world asset; it’s a ponzi; an investment without value is a ponzi scheme;
3/7 (2) this is not a new tech; blockchain is at least 30yrs old; goes back to 1991 when Stewart Haberman and Scott Stornetta were working at bell labs building off the work of cryptographers such as David Chalm, who built a blockchain...
Read 7 tweets
Gordon Johnson Profile picture
Feb 18
1/8 Why the @federalreserve has made NO progress on inflation, and why, if they don't get serious about "real" bank reserve reduction, inflation is going to surge A LOT MORE. So... balances at the Fed's Overnight Reverse Repo ("ON RRP") dropped below $60bn 2/14, or the lowest...
2/8... level since April 2021, and down from $2.4tn (yes, you heard that right) at the peak in Dec. 2022. And, by all intents and purposes, the ON RRP is on its way to zero, which is where it is in normal times. So what is the Fed's ON RRP account? It's the excess liquidity... Image
3/8... in money markets that they don't know what to do with, which was created during the QE-infinity phase of 2020-22 (see chart above) - i.e., the @federalreserve pumped SO MUCH $ into the banks that own it, they didn't know what to do with all the money (yes, you heard...
Read 8 tweets

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