1. Listening to a great discussion @JackFarley96 and @DiMartinoBooth about decaying economic conditions. Their presentation was fine but it elicited some thoughts in, of course, my own words...

2. We have witnessed insanely loose monetary policy that was irresponsible. For those worried about the Fed making a mistake, relax: that ship has sailed. They have monumentally fucked up non-stop.

1/ Just had a spontaneous chat with a deli/convenience store owner. He worked there as a kid and then worked his way into full ownership. The deli used to be open 24/7. Not any more. He can't get the employees to staff it. He had some poignant opinions on this. I asked him the usual question: "where are all the workers?" He said the system was completely broken, referring to it as broken "for a generation."

My twitter feed is filled with trading logic—volume, liquidity, Fed policy, short positions, commitment of traders, sentiment indicators, Bollinger Bands, Garage Bands,...The bear will be done when the stocks are cheap on an absolute (historical) scale. Nikkei 2.0 is coming. BTW-They call the '29 crash the Babson Break after Roger Babson who called it...continuously...for about five years. That stopped clock was finally right, and we got the Great Depression.

Had dinner with 8 hedge fund founders tonight. Great chat. At the end we each offered up one idea. Jaws hit the floor when I offered up mine that I've been pondering for 2 yrs: Russian equities. Fortunately, I've stayed small to date. Ready to pounce, comrades! Only one other Collum-level bear. Almost all see large inflation with Fed unable to stem it. Oddly, few feared that scenario. I banged out a handful of reasons.

Listening to Rogan #1779. Here is the problem: there is no way to know if the guy is truthful or a pathological liar. He is clearly shaping the narrative. The liars have caused a fundamental loss of trust. Speaking of which...

https://twitter.com/thecoastguy/status/1496491024356626439

Jane Pauley just told us Portugal was FABULOUS for reaching 98% vaccination. Portugal reach the peak death rate on 2/1/2021 (below). They were 0.8% vaccinated (below). They pivoted to Adam Schiff saying the Russians WERE colluding to help Trump. Janet Yellen is now assuring us that the pandemic is the cause of inflation. They think we are complete idiots. Maybe, collectively, we are.

I did nazi that coming. This is not about healthcare...

zerohedge.com/political/cdc-… And Chris continues to be repugnant. The acorn fell a mile from the tree on that one. Watch out for blind squirrels find nuts occasionally.