Commodity trader. My opinions are not intended as trading advice, just observations from inside the arena
Houston, TX
Joined January 2019
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Sonny Sachdeva retweeted
Entering 2024: "There's no way the US cuts...
1. Entitlements in an election yr (73% of US receipts);
2. DoD in a new Cold War (18%);
3. Rates (Gross interest = 25% & rising rapidly.)"
Math says one MUST be cut soon; IMO the only cut that doesn't put DJT back in the WH is #3.
That's just the net %; it's closer to 25% on a gross basis at ~$1T on $4.4T in total Federal receipts (the right way to look at it, IMO.)
It's not the #1 issue b/c Entitlemts =73% of receipts, DoD = 18%, so per below there's nothing we can cut besides rates (ie weaken the USD.)
Sonny Sachdeva retweeted
If you are of a certain age, chances are Bugs Bunny introduced you to classical music.
Natural gas price action. This month had 5 different handles
used cars - high prices youtu.be/zqHZWdFVyyQ via @YouTube
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Someone sent this to me yesterday - thanks to whomever uploaded it. This is a letter from Gandhi to Hitler dated 7/23/39…
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Sonny Sachdeva retweeted
“many instruments available to EU leaders…” there are also many instruments available to companies to protect themselves against rising prices. Wonder what proportion of their customers run hedging programmes? I’d guess not a lot..
Sonny Sachdeva retweeted
"The information you let into your head (and how you react to it) can truly fuck up your life."
@thedankoe
Sonny Sachdeva retweeted
The strength/persistence of the "transitory inflation" narrative among some policyholders is hugely impressive, and worrisome.
It is also a stark contrast to what we hear from corporate leaders, most of whom deal every day with the reality of increasing inflationary pressures.
Sonny Sachdeva retweeted
Propane stocks are very much a concern heading into winter, I have been highlighting this for weeks. That said only about 5% of US counts on propane as a main heating source. Real danger lies in a repeat of a Texas type situation this winter as propane is used as interim fuel.
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Kimkoro - Always Get It [Official Video] youtu.be/2siWwBYGmTo via @YouTube. Check this out…
Sonny Sachdeva retweeted
Here, The Wall Street Journal adopts a non-transitory tone in commenting on labor shortages. #economy #wages #inflation @wsj
