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Marcelo Camelo
12,299 followers -
Dad, surfer, geek.
Dad, surfer, geek.

12,299 followers
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Bitcoin is toast.
MacroBusiness
MacroBusiness
macrobusiness.com.au
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This is beautifully done, inspiring and full of compassion.
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"do not throw kegs off of tall buildings" and "we do not have a budget to bail anyone out of jail, don't be that guy."
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Depressing but true.

"The once glowing Australia of liberalising policy, productive markets, high quality elites and hard working punters has degraded into a rent-seeking orgy of distorted markets, corrupt policy, avaricious and treasonous elites and grasping punters hanging for dear life to the final, desperate inhalations of one of the world’s greatest ever asset bubbles."
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Patrick has become my favorite YouTuber of late. One of the few I support on Patreon. Check his content out.
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"Interestingly enough, if you believe this thesis, you may want to look at selling out of any exposure you have to car parks. "In fact what is going to happen, in 80 per cent or maybe more, parking spaces are going to be vacant. Because we are going to have, fewer cars on the road" Seba says.

And given that $25 forecast for oil, you certainly want to look at selling oil, and expensive oil producers. Oh, and sell the car makers that are slow to adapt too, given there will be no more petrol or diesel cars, buses and trucks sold anywhere in the world within 8 years. Which also means no more car dealers by 2024."
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"Last year, it was still quite humanlike when it played," Ke said. "But this year, it became like a god of Go."
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