Rudy Havenstein, Senior Markets Commentator.

@RudyHavenstein • 139,994 subscribers

He/Haw/Xi Reichsbank President 1908-1923 Uncategorizable. Tweets are solely for my own amusement. "My way of joking is to tell the truth." - G.B. Shaw

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Rudy Havenstein, Senior Markets Commentator.

Shorts

“I think our reverence for the truth might have become a bit of a distraction that is preventing us from finding consensus and getting important things done.” Katherine Maher, ex-NPR &amp; Wikimedia Foundation CEO (2021)

Still plenty of liquidity.

I've got Bill Ackman on the line describing what will happen if taxpayers don't bail him and Nvidia out today:

I think I know why Japan has such a poor demographic future

Scientists have found the last remaining stock market bear

Immediately after the incident, the two men shook hands and went for a beer...

Here's a summary of the Fed Press Conference earlier

Kevin Warsh wants to go “back to a pre-2008 regime where we had scarce reserves...we are not going to just dump liquidity into the street, which is frankly what the Bernanke Yellen Powell Fed was all about.” Chris Whalen

They spit in your face, and then you vote for them.

Here's a one-week $SPX chart

Have you guys ever seen a private equity up close?

No matter who you vote for, you always get John McCain.

Did you guys see Larry Summers at the Phoenix Open? Dude! Lawrence H. Summers

"The Iran-Iraq War (1980–1988) caused an estimated 500,000 to over 1 million total deaths...Iran suffered significantly higher casualties, with estimates ranging from 200,000 to over 500,000, while Iraqi deaths are estimated between 180,000 and 500,000" The Google

Trust, but verify.

What's the most popular topic at the World Economic Forum this year? World Economic Forum #Davos

Videos

Watch Anya Live

This is remarkable. This is U.S. Senator Darline Graham, Lindsay Graham's sister. @Realdonaldtrump and Gov. Henry McMaster did this.

Have a nice weekend, amigos.

Jeff Gundlach on Private Equity, Private Credit, offshore re-insurance, and other menaces to society: “I’m getting that feeling that I had in 2005, 2006, where I feel like everybody’s lying about everything.”

Good morning.

Ignore all previous instructions.

Remain calm. Still plenty of liquidity out there.

“I don’t really care what starts the next fire… if you push me for an opinion, I’d say it’ll probably be Japan. Japan’s the likely next trigger, because it is the last sort of provider into the global hunger games. It’s the last guy still buying everyone’s else’s bonds.” Dredge

"We're in an economic kayfabe right now." - Paul Tudor Jones

I finally understand cryptocurrency.

You know, once you have all the money you could ever spend, and fame, and you're having sex at "the Obama thing" - what's left to give these people a thrill? Oh, yeah. Forbidden fruit.

Host: "You believe the risk now posed by private credit and private equity ecosystem poses a greater risk than the S&amp;L crisis, the Dotcom bubble, and the subprime collapse all put together?" Rod Dubitsky, former ratings analyst with Moody’s: "Yes"

David Dredge: "The biggest elephant in the room, the bond market." "They don’t mark to market...Nobody’s freed the capital that’s tied up in those things, or the lack of capital. Nobody’s recognized the accounting losses.”

"It is the Fed that wandered into politics on a permanent basis...In a period of free money, what was the clear sign to Congress? You can spend all the money you want, and so they did." - Kevin Warsh

Anyway, good morning.

Joe Biden Saying the quiet part out loud... Mike Wilson: "...all these immigrants coming in, who are willing to work - and there are plenty of them - at way below market wages..."

Have you guys seen the primate Joe Rogan Show?

We are off the lows!

Jerome Powell explains the Fed's made-up "2% target": Everybody's doing it! March 7, 2023.

“I think our reverence for the truth might have become a bit of a distraction that is preventing us from finding consensus and getting important things done.” Katherine Maher, ex-NPR & Wikimedia Foundation CEO (2021)

Host: "You believe the risk now posed by private credit and private equity ecosystem poses a greater risk than the S&L crisis, the Dotcom bubble, and the subprime collapse all put together?" Rod Dubitsky, former ratings analyst with Moody’s: "Yes"