Downtown Josh Brown

Downtown Josh Brown

@downtownjoshbrown.bsky.social

Investor, CEO, Dad https://www.downtownjoshbrown.com/

39K followers316 following1K posts

Downtown Josh Brown
@downtownjoshbrown.bsky.social

French 10-year bond yields broke above 5% for the first since 2002 this morning. 55% of their outstanding debt is owned by investors in other countries. The Japanese have positive real yields in their own bond market. Germany's bunds are the safety trade in Europe. I don't know who buys OATS now.

Downtown Josh Brown
@downtownjoshbrown.bsky.social

The post pandemic period has produced a surging amount of millionaire households. Our collective net worth has gone from $109 trillion to $174 trillion. People don't like to hear this because it adds nuance to the wealth inequality debate.

Downtown Josh Brown
@downtownjoshbrown.bsky.social

Basically we created trillions of dollars and spat that out into every crevice and corner of the economy. Within a few years, that rising tide lifted everyone to some extent while creating bottlenecks and price gouging. Most of the excess capital concentrated at the top (which it tends to do).

Downtown Josh Brown
@downtownjoshbrown.bsky.social

The post pandemic period has produced a surging amount of millionaire households. Our collective net worth has gone from $109 trillion to $174 trillion. People don't like to hear this because it adds nuance to the wealth inequality debate.

Downtown Josh Brown
@downtownjoshbrown.bsky.social

Household assets in the United States are now running 10X household debt. This happened during the second quarter of this year and explains a lot about why consumer spending has not slowed down in the face of higher interest rates and gas prices. Don't get mad at me, I'm just explaining it to you.

Downtown Josh Brown
@downtownjoshbrown.bsky.social

Imagine being the speechwriter for an AI company CEO going before the UN. You've got shareholders, potential banking underwriters, corporate customers, public opinion, the White House, the world etc, to keep happy. Forget threading the needle. This is like doing surgery on the wings of a fly.

Downtown Josh Brown
@downtownjoshbrown.bsky.social

There's almost nothing you can say that will be even remotely satisfactory to all constituents. I think you focus on whomever is most critical for the coming IPO. That's the Trump financial regulators + Wall Street. You worry about the protests once you have the money.

Downtown Josh Brown
@downtownjoshbrown.bsky.social

The summers are flying by. French philosopher Paul Janet said that every year you live gets measured against all the years that came before it, so the pile you are comparing it to keeps growing. At age 10, one year is a full 10th of all the time you have lived. At 50, that same year is only 2%.

Downtown Josh Brown
@downtownjoshbrown.bsky.social

audio: podcasts.thecompoundnews.com/show/TCAF/th...

podcasts.thecompoundnews.comThe Four Horsemen of the AI Apocalypse with Ed ZitronOn episode 257 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠…