Frederick

@compound248 Great thread. Like many issues these days, tariffs have unfortunately become politicized, leading to a lack of unbiased debate and discussion. Buffett now calls tariffs an "act of war", yet in 2003 he touted their benefits in a Fortune cover story - faculty.washington.edu/ss1110/IF/Buff…

24. Summary Tariffs are no more inflationary than other forms of taxation - arguably less so. And they don't punish healthy behaviors as much as income and wealth taxes. -End- If this made you think, even disagree, please Follow, Like, Retweet, and let me know. 🙏

Tariffs are Beautiful We were taught tariffs triggered a spiral into the Great Depression. That tariffs are inherently inflationary. But tariffs are just another tax. As with any tax, it creates a set of incentives. And, as far as taxes go, tariffs are beautiful. 🧵👇

@michaelxpettis What do you make of the argument that income inequality in the U.S. has actually declined over the last 50 years once you adjust for transfer payments and taxes? wsj.com/articles/incre…

1/2 In my latest piece for the Carnegie Endowment, I argue that rising Chinese debt is the mirror image of rising US debt. In either case distortions in the distribution of income force policymakers to choose between rising debt and rising unemployment. carnegieendowment.org/chinafinancial…

@compound248 I hear they are calling the combined entity CreditBS

If you’re “taking a flyer” on a wounded and wobbling US bank stock with “takeover” as your thesis, bear in mind $UBS is basically being forced to acquire $CS for $1 billion… …and the market cap of $CS at Friday’s close was $8 billion. 😬 Not good, Bob. Not good.

Pretty sure growing up the number of times we ever went to Charlottesville and didn’t go to Mincers was less than five, if even that many. One of my dad’s favorite spots in the entire world I think. Condolences to the Mincer family.

In the month of December, $AAPL added a $BABA in market cap (~$300B).

From UMBC to the #FinalFour! @UVAMensHoops’ journey to Minneapolis is from a storybook. #MarchMadness

@AitkenAdvisors Hi James. This is Frederick Nolde from Investure. Happy New Year to you. I would like to follow you on Twitter if possible. Thank you!

@hussmanjp Thank you, will be interesting to follow.

@hussmanjp Would love an update to your Jan 2011 paper on liquidity preference and monetary velocity: hussmanfunds.com/wmc/wmc110124.…. Given the rise in 3mo T-bill yields, why hasn't velocity increased? Thanks.

@hussmanjp Hi John. I have an article and question related to ROIC/margins that I would like to send you. What is the best way to do so?

@billhester Hi Bill. I'd like to email you and John an interesting analysis on profit margins/ROE's. What is the best way to contact you?

Profit Margins in a "Winner Take All" Economy: philosophicaleconomics.com/2015/05/profit…