Exceptional. But Read The Fine Print

If the American exceptionalism narrative vis-à-vis markets feels exhausted -- ad nauseam -- to you, you're not wrong. Week in and week out, particularly since the election, investors of all shapes and sizes, analysts, strategists and market documentarians, tell the "TINA" tale. Here's the short version: The US isn't just the proverbial "cleanest dirty shirt," it's the only clean shirt in a world full of dirty ones. That's certainly true in the macroeconomic context. Sociologically and from t

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7 thoughts on “Exceptional. But Read The Fine Print

  1. Referring to this and your weekly, we can only hope that the ongoing takeover by Musk and Theil & his accolades are thwarted by Trump’s petulant ego. That’s mighty comforting, aint it?

    1. Yeah, but I’m starting to wonder if Musk is transcending traditional definitions/roles of/for oligarchs. He’s turning into something out of a science fiction movie where, you know, he’s a Wizard of Oz-type or Jeff Goldblum’s character in Thor: Ragnarok

      1. He has moved beyond simple wealth accumulation and/or the confirmation of his genius that may bring. It looks like he believes that he alone can rid the world of stupidity?

        Come on Donald, do you really want to be ridiculed as Elon’s butt boy?

          1. Elon wants to rid the world of stupidity?!??!! The first task will prove to be the hardest — how to remove it from that stubborn mirror??

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