Lacy Hunt conversation with Barry Habib regarding the Macro outlook for 2023. Interview posted in December 2022.
1/12
Lacy still focused on money (M2/ODL), velocity, and the role of money in inflation.
Right out of the gate he criticizes a statement made by Powell. "M2...does not really have important implications. It is something we have to unlearn I guess."
2/12
Dec 27, 2022 • 8 tweets • 3 min read
Very cool paper by Ozge Akinci, Gianluca Benigno, Serra Pelin, and @jturek18 regarding the US Dollar.
Punches hard and in your face right out of the gates:
1/7
"There are two key asymmetries that are central to the mechanism we focus on. The first asymmetry arises from the global use of the dollar in the international monetary system along different dimensions that exceed the relative size...
Aug 24, 2022 • 9 tweets • 2 min read
A thread of economists disliking student loan forgiveness.
1) The dollar is more or less range bound right now. I call this the @amlivemon $DXY range.
Why? He has figured out how the dollar effects EVERYTHING in geopolitics. The dollar spiking up too much is a disaster for the US.
1/5
The dollar going too low is a disaster for the world.
So, what does that mean? The governments of the world are ACTIVELY trying to keep the dollar in the 89-93 range on the $DXY.
2/5
Sep 25, 2021 • 12 tweets • 4 min read
Dr. Lacy Hunt doesn't care for the consensus regarding inflation, a thread:
US Debt has eroded Real Per Capita GDP. The action by the Fed and Treasury in 2020-2021 hasn't changed that.
Jun 24, 2021 • 10 tweets • 2 min read
ITS THE JUNE 2021 STRESS TEST RESULTS!!!!!
A quick thread.
federalreserve.gov/publications/f…
1/9
The purpose of the stress test is to determine
"...whether bank holding companies and U.S. intermediate holding companies with $100 billion or more in total consolidated assets are sufficiently capitalized to absorb losses during a hypothetical recession...
2/9
Jun 17, 2021 • 5 tweets • 2 min read
A quick thought on how to reconcile deflation WHEN there are higher prices in the economy.
1/
A) It may be congestion and not inflation.
I had a great time listening to @GeorgeGammon and @SantiagoAuFund most recent conversation regarding the Dollar, Dollar Milkshake, and inflation/deflation.
A few quick thoughts and comments on my part.
1/18
The Dollar Milkshake theory is right. The central idea is the dollar (world reserve currency) will remain strong relative to other currencies for a long time UNTIL it will spike and go REALLY high. This will draw money into US equities and Gold.
2/18
Apr 14, 2021 • 25 tweets • 7 min read
Lets talk about the Hoisington Investment Q1 2021 review and outlook shall we?
realvision.com/shows/mike-gre…
Mike: 'You alluded to this earlier. We saw high yield and IG CDS, are the spreads between rates and corporate credit, collapse much more quickly than we saw on the equity side...
2/12
Apr 1, 2021 • 13 tweets • 4 min read
I want to give a huge shout-out to @DiMartinoBooth regarding her recent @RealVision interview with Lacy Hunt.
I wanted to highlight a few new ideas that hadn't gotten into my head before this conversation.
1/13
"As a result of the deteriorating increase in our standard of living, we have caused not just in the United States, but globally, a major deterioration in the demographics during this period of high indebtedness."
-Lacy Hunt
2/13
Sep 17, 2020 • 14 tweets • 4 min read
I have listened to this End Game Podcast maybe 5 times. If @MetreSteven is the Bond King, Lacy Hunt is the God Emperor of Bonds.
1/
I have started doing the homework that Lacy Hunt mentions in this conversation. I found (I think) the 1934 Irving Fisher paper on highly indebted nations. Just thought i would drop this little paragraph. ITS SCARY HOW THIS APPLIES RIGHT NOW.
I am trying to learn what MMT is and how it works. From Warren Mosler's website, everything begins with understanding the fundamentals of sovereign currencies.
Namely, modern sovereign nations have a Common Monopoly over currency.
1/n
I have decided to start with the first US national currency and review the history of the US Dollar.
