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Cake day: April 29th, 2025

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  • Europe has an energy crisis and its greatly affecting the poor. Germany is also taking coal away from Africa, after shutting down its nuclear plants, so its looking pretty stupid now to be talking about banning energy. America just voted in Trump again with a mandate to bring down energy prices as well.








  • The money supply grows about 8% on average, if you believe that money can flow from an ever more abundant asset into an ever scarcer asset then its really just two pieces of a puzzle.

    Housing was likely no different before 2008, a lack of supply relative to cheap debt kept prices elevated, it wasnt until housing completions were too high that it began to fail. Before then it was simply a liquidity sponge being used to create a windfall to ultimately increase aggregate demand, which is how our monetary system functions.