(no subject)

200 years of inflation-adjusted returns for different asset classes.

We're all dead in 200 years but still quite an interesting chart. pic.twitter.com/xEJJbtR9Pw

— Alf (@MacroAlf) July 19, 2022

Сигнал покупать

Внезапно, главмедведь перешел в быки, поэтому рынок и скакнул вчера. But this is a contrarian call, not necessarily a long term buy signal.

Но Бернштейн не согласен

Энергетическая программа

Our proposal has four priorities: (1) seduce natural gas investment; (2) reclaim a leadership position in polysilicon production; (3) recommit to nuclear; and, (4) course correct on electric vehicle adoption.

Разумеется, ничего этого сделано не будет.

1/ The US, Canada, and Mexico have enormous proven energy reserves and the technical know-how to become the dominant energy-producing region on the planet. It can be done cleanly, safely, and domestically – all while reducing the strength of our geopolitical enemies.

— Doomberg (@DoombergT) July 16, 2022