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Howard Marks Sees No Need for More Rate Cuts
Youtube· 2025-12-11 15:14
Group 1 - The Federal Reserve's accommodative policies, including rate cuts and balance sheet expansion, may lead to increased risk-taking behavior in the market [1][2][3] - Current low interest rates, with the Fed funds rate at 3.5%, are considered low historically, but they are inducing moderate returns in the debt market [6][7] - The S&P 500's price-to-earnings ratio suggests a low prospect of returns, historically averaging in the low single digits over the next ten years when bought at current levels [7] Group 2 - Concerns about the impact of artificial intelligence and automation on the labor market are significant, with potential job quality deterioration despite job count stability [9][10] - The relationship between job loss due to automation and societal issues, such as the opioid epidemic, highlights the importance of job fulfillment beyond financial compensation [11]
X @Nick Szabo
Nick Szabo· 2025-11-07 20:28
RT Gabe Guidarini (@GabeGuidarini)Dinesh calls me out by name in this video and says he will “wipe the arrogant smile off the faces” of myself and other young people who rightfully question the supposed accomplishments of the old guard conservatives.Let’s go through the “Reaganite accomplishments” he lists:1. “Winning the Cold War”Firstly, the Soviets contributed to their own downfall the most. And even if we played a role, the communists have invaded our institutions today. We did not have a communist runn ...
X @The Wall Street Journal
Industry Leadership & Legacy - The Heritage Foundation founder, Ed Feulner, built institutions supporting American values [1] - Feulner expressed concern over the right's shift away from free markets and U S global leadership [1] Political Commentary - Mike Pence highlights Ed Feulner's lament regarding the right's changing stance on free markets and U S global leadership [1]