I haven’t been wrong on a major shift in thirty years – other than the ability of China to get away with a long history of delay and deceive. I’m not wrong on this one.There’s no influence left in the Fed/Treasury portfolio. The next shift will be on a scale of the Roman reforms.
Source date (UTC): 2021-02-03 17:37:10 UTC
Original post: https://twitter.com/i/web/status/1357020316346818561
Reply addressees: @EricJWeiner1 @conorsen @tylercowen @bopinion
Replying to: https://twitter.com/i/web/status/1357019377326043136
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@EricJWeiner1 @conorsen @tylercowen @bopinion (Implying both opening and closing statements weren’t insults.)
Geostrategic shifts determine frictions determine trade patterns determine financial flows. Historians, Geostrategists, and Military General Staff have longer time horizons than economists and the financial sector.
Original post: https://x.com/i/web/status/1357019377326043136
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