@RaoulGMI / appears on forward-guidance, forward-guidance, forward-guidance, forward-guidance, forward-guidance, forward-guidance, forward-guidance, forward-guidance, forward-guidance, forward-guidance, forward-guidance
So we can't let the collateral fall. Once you understand that, you understand what they discovered in 2008 is when you print money, you lower the denominator and the price of collateral goes up.
China led the way— was a massive explosion in solar. So China produced more solar last year than all of the rest of the world's entire existing solar stock added together. And that's just going hyper-vertical.
look at sports teams. Just keep going like this in price, outpacing the rate of debasement... Because they're human experiences.
{
"type": "trace.speaker",
"handle": "RaoulGMI",
"name": "Raoul Pal",
[
,
,
,
,
,
,
,
,
,
,
],
{
}
}AISO Market Calls classifies public statements from public sources. A classification such as long thesis, short thesis, or explicit call describes the content of the public statement and does not prove that the speaker actually entered, exited, or held a position. Market performance shown is calculated from public market data around the source publication or timestamp. It is not investment advice.
The fee engine keeps shrinking: every quarter pulls assets out of high-fee active equity into cheap index and passive, and a stock priced on those fat fees has further to fall as the moat melts.
I don't think recessions are possible anymore. So my thesis is there's no recessions, but we'd have a huge slowdown.
That is really disruptive for everybody from Fidelity through to every hedge fund in the world. So that's all going to change.
they don't want to use the, the central bank balance sheet as much if they can avoid it... You're better off to run it through the banking system and let them provide the liquidity because then it goes via lending.
let's go to that software stocks thing. I think it's a false narrative. And the reason being is it's exactly the same chart of Bitcoin. So why would that be? Bitcoin going to get disrupted by AI?
I woke up one morning, I thought, fuck, the TAM of everything has gone to infinity... there's 8.5 billion humans. But there's gonna be 8.5 billion AI agents. Maybe doing microtransactions.
all data becomes a token. We're going to have vast token marketplaces because the agents will need data... that's another gigantic marketplace we don't even think about
No reach data yet.
Drop another platform link to enrich this profile. Drop a link →