73 Reds Posted March 15, 2025 Posted March 15, 2025 11 hours ago, Parsad said: Hi Denmark, can you send us some eggs...be a good neighbor! Oh, you mean the stuff about Greenland...uhh, we were just joking. No eggs...fuck you, we're taking Greenland! https://www.theguardian.com/us-news/2025/mar/14/trump-egg-prices-denmark-greenland Biden is to blame for egg prices. Biden is to blame for the stock market. Biden is to blame for the Ukraine/Russia war. Biden is to blame for Israel/Gaza. Biden is to blame for the horrible Canada/US/Mexico free trade agreement. Biden is to blame for increased unemployment. Biden's even responsible for the hate on against Whitehouse Rainman's Teslas! You guys put a lunatic in charge of your country...not once, but twice! Congratulations! Cheers! Sanjeev, all due respect please re-read your post. Isn't this what we are trying to avoid here on this board? Why can't we all just stop extrapolating into infinity every word, action and opinion of public figures we don't like?
Spekulatius Posted March 15, 2025 Posted March 15, 2025 (edited) Greenland is no joke for Trump and I think he is going for it. This could be the final straw ripping NATO apart. It’s one of his projects that he started during his first presidency but didn’t quite pull off and people thought it’s a joke, but it isn’t. If it happens, it will matter if you are invested in NVO etc. As for bird flu, we should just vaccinate the chickens. Other countries are doing it. It will greatly reduce the problem in a few months. Edited March 15, 2025 by Spekulatius
whiskybravo Posted March 15, 2025 Posted March 15, 2025 Oren Cass on the current economic environment. https://open.substack.com/pub/understandingamerica/p/that-reagan-guy-started-with-quite?r=9iue0&utm_medium=ios “Bessent says Trump will ask other governments to put themselves into ‘red,’ ‘green’ and ‘yellow’ boxes — i.e., choose to be foes, friends or adjacent players. ‘Green’ countries will get military protection and tariff relief, but must embrace a currency accord. Some ‘yellow’ — or even ‘red’ — nations might cut transactional deals. There could be two stages with Mar-a-Lago, the thinking goes: one with allies and the second with others.”
John Hjorth Posted March 15, 2025 Posted March 15, 2025 (edited) Just the usual biased *BS* and crap - unverified, second hand or worse - from X you drag in here on CofB&F, James [ @james22 ], Here is the whole truth about it, without anything left out : AP News - World News [March 14th 2025] : Greenland political parties join together against Trump comments about annexing the island. - - - o 0 o - - - Politiken [March 14th 2025] : The big winner of the election: "Trump's statements from the US are inappropriate". Subtitle : Rejection of Trump must be strengthened, believes Greenland's acting head of government, Múte B. Egede, who will unite parties after the US president answered in the affirmative to the question of a possible annexation. - - - o 0 o - - - Politiken [March 12th 2025] : Greenland's new political leader is young and liberal and has come down hard on Donald Trump. Subtitle : The winner of the Greenlandic election, Jens-Frederik Nielsen, is in favor of an independent Greenland. But it must be done peacefully. First of all, he himself is surprised that he won the election by such a large margin. - - - o 0 o - - - - DR.dk - The question of Greenland's future [March 15th 2025] : Demonstration against Trump's desire to take over Greenland: 'We are sending a message that they should leave us alone' Subtitle : At 1 p.m., demonstrations against the American president will begin in Greenland's two largest cities. - - - o 0 o - - - I'm as worried as can be about what all this brings. Edited March 15, 2025 by John Hjorth
John Hjorth Posted March 15, 2025 Posted March 15, 2025 (edited) 13 hours ago, Spekulatius said: ... The Ukrainian troops have pulled back from the Kursk salient. Maybe Trump should read his security briefings every once in a while. Today, I tried to find a visual status on the war by a map. It was quite hard and took some time, the whole main stream media surface here in Denmark is pretty much smeared in Western geopolitics. I found this, by now two days old : BBC - News - World/Europe - the Visual Journalism Team [March 13th 2025] : Ukraine in maps: Tracking the war with Russia. So, at least Thursday, the Ukrainian troops in the Kursk area do look surrounded by Russian troops, if one looks carefully at that particular map covering that area. Edited March 15, 2025 by John Hjorth
Spooky Posted March 15, 2025 Posted March 15, 2025 (edited) 14 hours ago, Spekulatius said: Loss of US military support and “user fee” is laughable. That would be paying for nothing. I think the USD will probably depreciate all by itself when the US becomes a trade island and stops being the reserve currency as a consequence. In my opinion we cant have both at the same time. Agree with you. This is the main contradiction in the proposals - the US wants to keep the benefits of being the reserve currency but then also somehow weaken the dollar significantly to boost manufacturing. The dollar is strong in part because the US economy has been strong and there is high demand for US investment assets etc which is also a benefit since the US has the deepest and most liquid capital markets which makes the best companies in the world want to list in the US, creating a huge flywheel / advantage. Edited March 15, 2025 by Spooky
james22 Posted March 15, 2025 Posted March 15, 2025 LOL Would you like to make a bet as to Greenland's status four years from now?
John Hjorth Posted March 15, 2025 Posted March 15, 2025 2 hours ago, Spekulatius said: Greenland is no joke for Trump and I think he is going for it. This could be the final straw ripping NATO apart. It’s one of his projects that he started during his first presidency but didn’t quite pull off and people thought it’s a joke, but it isn’t. In such case, that would likely be the most influential event for the future of the planet in our lifetime, @Spekulatius, It's really an unpleasant intellectual exercise to think about such a scenario.
John Hjorth Posted March 15, 2025 Posted March 15, 2025 (edited) 16 minutes ago, james22 said: LOL Would you like to make a bet as to Greenland's status four years from now? What has that to do with my critisism of your uncritical reposting of posts from X from a socalled Assistant News Director employed at Florida's Voice, a ticket seller, who looks like he's desparately trying to grow a beard, coming out of puberty like a bat out of hell? Edited March 15, 2025 by John Hjorth
Pelagic Posted March 15, 2025 Posted March 15, 2025 52 minutes ago, John Hjorth said: Today, I tried to find a visual status on the war by a map. It was quite hard and took some time, the whole main stream media surface here in Denmark is pretty much smeared in Western geopolitics. I found this, by now two days old : BBC - News - World/Europe - the Visual Journalism Team [March 13th 2025] : Ukraine in maps: Tracking the war with Russia. So, at least Thursday, the Ukrainian troops in the Kursk area do look surrounded by Russian troops, if one looks carefully at that particular map covering that area. ISW puts out pretty good map updates daily or at least every few days.
John Hjorth Posted March 15, 2025 Posted March 15, 2025 Awesome, and much better, @Pelagic! Thank you!
Spekulatius Posted March 15, 2025 Posted March 15, 2025 So what’s the interest rate on the 100 year zero bonds? Should be fairly high if you try to sell a lot of this paper. I am confused that those 100 year zero coupon bonds get treated as if they don’t pay interest but zero coupon just means the interest compounds. I don’t think the USA providing protection is credible any more after what happened in with Russia anyways. The US put Article 5 in question in a military alliance and now other countries should believe that they are protected because they signed some sort of trade deal? Thats just not credible. Or does protection mean a Mafia racked that they won’t burn your house down if you don’t pay. On putting yourself in a box why would you do that, because Trump says so? And everyone who doesn’t do anything will be an enemy? Sounds like the USA will have a lot of enemies in short order. I think the end result is that the US is becoming a trade and political island at best and a imperialist force at worst. This thing is quite a political project
james22 Posted March 15, 2025 Posted March 15, 2025 12 minutes ago, John Hjorth said: What has that to do with my critisism of your uncritical reposting of posts from X from a socalled Assistant News Director employed at Florida's Voice, a ticket seller, who looks like he's desparately trying to grow a beard, coming out of puberty like a bat out of hell? Did a Center-right, pro-business Greenland party that favors independence from Denmark win the election? Yes. What betting has to do with your "criticism" is put a little skin in the game. If you believe your take, take the bet.
james22 Posted March 15, 2025 Posted March 15, 2025 Only makes sense on a finance forum to bet on outcomes. Just like we ultimately judge investors by their returns. How about the loser takes 30 days off from the board? Would up the signal-to-noise ratio over time as those with bad takes will have less opportunity to share them. Might even solve the board's problem with politics. If always challenged to bet, maybe most won't be so quick to volunteer their opinion. And would suggest the more reliable sources of information. Do those betting on X or AP tend to win more often?
John Hjorth Posted March 15, 2025 Posted March 15, 2025 28 minutes ago, james22 said: What betting has to do with your "criticism" is put a little skin in the game. If you believe your take, take the bet. 10 minutes ago, james22 said: Only makes sense on a finance forum to bet on outcomes. Just like we ultimately judge investors by their returns. How about the loser takes 30 days off from the board? Would up the signal-to-noise ratio over time as those with bad takes will have less opportunity to share them. Might even solve the board's problem with politics. If always challenged to bet, maybe most won't be so quick to volunteer their opinion. And would suggest the more reliable sources of information. Do those betting on X or AP tend to win more often? You obviously don't understand, that I'm not inclined in any way to swing at any of your provocations, nor do you even try to understand why it is so.
james22 Posted March 15, 2025 Posted March 15, 2025 On 3/12/2025 at 6:47 AM, Xerxes said: I always wondered what I would do if I, myself, was a middle class Italian or a German in the early 1930s. Would I “pass the test” and not be swept up by populism and nationalism ? It is easy to look back and say that would never happen to me. But I was never sure (still not sure) if I can pass that test. It is a powerful thing. This used to be an entertaining game: https://harpers.org/archive/1941/08/who-goes-nazi/ But now we know. Covid answered the question.
John Hjorth Posted March 15, 2025 Posted March 15, 2025 Mar A Lago Accords appear to me to be some kind of ghost on the Web. But based on the post by @whiskybravo above, I found this : Financial Times - Opinion - US Economy [March 7th 2025] : What a Mar-a-Lago accord could look like Financial Times - Opinion - US Economy [March 14th 2025] : Tariffs on goods may be a prelude to tariffs on money. I haven't been able to find anything real and tangible in writing about the thoughts about such a US zero-coupon bond program as mentioned above by @Spekulatius.
james22 Posted March 15, 2025 Posted March 15, 2025 7 minutes ago, John Hjorth said: Mar A Lago Accords appear to me to be some kind of ghost on the Web. https://x.com/search?q=Mar A Lago Accords&src=typed_query
formthirteen Posted March 15, 2025 Posted March 15, 2025 58 minutes ago, John Hjorth said: Mar A Lago Accords appear to me to be some kind of ghost on the Web. Torsten Sløk, Apollo Chief Economist, wrote this article: https://www.apolloacademy.com/what-is-the-mar-a-lago-accord/
John Hjorth Posted March 15, 2025 Posted March 15, 2025 (edited) What I speculate most of Americans are luckily ignorant about, is that Greenland has its own 'oligarchs', who carefully stay out of the limelight, minding their own business [, almost Buffett-like] : Successfull fishermen, - very! - who - over many years - have continued to do, what they are really good at : Fishing! Attached is a report from Copenhagen Ecomics [CE] about the economic footprint of fishery in Greenland, in both Danish and an English Google translation. Some may say : 'old stuff, doesen't matter', but absolutely nothing has changed since the issuance of the report. How do you think your bragging POTUS empty suit is perceived among those few men, of which some of them still meet in at the office in overalls before everyone else, to stay in control and check of everything? Their productive assets aren't really grounded in the Grenlandic cliffs, they are floating entities [ships] in companies, which both can be moved anywhere by a fingers snap [ Iceland, Nova Scotia, whatever]. A public filing about change of residence, based on change of articles of association is what it takes. Even the most successful fisherman knows that there are things he should not think about, but leave to a lawyer in Nuuk. Good luck to America annexing Greenland without these productive assets. America will eventually get back to Denmark, suggesting Denmark to take over join Greenland again, with a giant check attached. In the mean time, welcome to the coldest hell hole with a population on earth, if this happens. Fiskeriets-økonomiske-fodaftryk-i-Grønland - Danish - 20250315.pdf Fiskeriets-økonomiske-fodaftryk-i-Grønland - English - 20250315.pdf Edited March 15, 2025 by John Hjorth
John Hjorth Posted March 15, 2025 Posted March 15, 2025 25 minutes ago, formthirteen said: Torsten Sløk, Apollo Chief Economist, wrote this article: https://www.apolloacademy.com/what-is-the-mar-a-lago-accord/ @formthirteen, And now we're approaching going circular.
Spekulatius Posted March 15, 2025 Posted March 15, 2025 There is a bet for this - 10c on the $. Seems low to me. https://polymarket.com/event/will-trump-acquire-greenland-in-2025?tid=1742067823805
Spekulatius Posted March 15, 2025 Posted March 15, 2025 Nobody will say it out loud, but these century bonds are designed to default. I think most countries are better off just accepting the tariffs and countering likewise with tariffs of their own It will be a tough transition but eventually, the importance or the US market will be reduced as the US economy becomes insular and the tariffs wall leads to US products becoming less competitive. The US service industry will be forced by foreign nations to create independent subsidies for national security reasons to continue to operate and have access to local markets. Thats similar to how defense business or utilities operate under foreign ownership in the US and elsewhere. Probably not great environment for stocks, but if you think about the likely range of outcomes, you really want to own foreign assets obviously.
73 Reds Posted March 15, 2025 Posted March 15, 2025 10 minutes ago, Spekulatius said: There is a bet for this - 10c on the $. Seems low to me. https://polymarket.com/event/will-trump-acquire-greenland-in-2025?tid=1742067823805 The odds are -0- that Trump acquires Greenland. The odds are slightly higher for the US. Amazing how much attention this draws.
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