A uniquely-independent market analysis. 40-years in the market, and still learning.
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Joined March 2015
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How exactly does the entity that creates the US$ by simply passing spending laws ever run out US$? That’s like saying I will run out of smiles if I smile too much.
Geopolitical Headlines ‘Jiggle’ the Market,...but money 'drives' it. angtraders653573.substack.co…
ANGTraders retweeted
Australia, Aug 2026: Commonwealth surplus A$6.4bn, goods surplus A$0.5bn, new bank credit A$26.0bn. Credit is nine-tenths of the A$370bn 12-month impulse, and the private sector is back in deficit at 2.6% of GDP.
alanlongbon.substack.com/p/a…
#AusEcon #RBA #ASX #AUD
ANGTraders retweeted
This is Tommy. Tommy had a question about my allegiances. Listen to the end to hear about his.
ANGTraders retweeted
Watching Mark Carney stop a speech to direct first responders to a medical situation, and watching Trump insult a woman as she gets violently assaulted by men in HIS crowd perfectly encapsulates the values of both leaders. Two Countries. Very different values. Proud of Canada.🇨🇦
ANGTraders retweeted
One of the tallest lies in economic history told by one the shortest liars in human history.
ANGTraders retweeted
We're nearing 5 years of hikes/higher rates and inflation remains well above target. We had nearly a decade of ZIRP and inflation stuck to the floor the entire time.
Hate MMT all you want, but this is precisely what MMTers have been arguing would happen the entire time.
ANGTraders retweeted
US banks have cut $82bn of bonds since 29 July while the S&P 500 sits near its record. Mr Nick Gomez (@ANGTraders) flagged it this week. I tested his signal on 10 years of weekly data: the early warning is firing now.
alanlongbon.substack.com/p/t…
#SP500 #Banks #Treasuries
ANGTraders retweeted
What’s the line in the sand for Americans? Public executions? Because apparently, pedophilia, innocent Americans being detained or shot in the streets, your president enriching himself and starting unlawful wars aren’t enough.
At this point, what the hell WOULD be? 🤷♀️
ANGTraders retweeted
The Ten Men and the Barley Field
Every week, ten men go down to the pub, and the bill for all ten comes to £100.
Eight of them work. One grows the barley. One brews it into beer. One built the pub, one keeps its roof sound, one carts the barrels, one coopers them, one pulls the pints, and one nurses the others when they fall ill. Between them, everything on the table that night was made by their hands.
The ninth man owns the land: the field the barley grows in, the brewery, the pub, and the cottages the eight men sleep in. The tenth man lends money. The farmer borrowed from him for a plough, the brewer for his copper, and the builder for his tools.
Each of the eight working men is paid £20 a week. But before he reaches the pub, he pays the ninth man £8 in rent and the tenth man £5 in interest. That leaves him £7.
So the ninth man arrives at the pub with £64, and the tenth man arrives with £40, though neither has grown, brewed, built, or carried anything that week.
When the bill comes, they split it the way we pay our taxes. The eight working men pay £2 each. The landlord pays £50. The financier pays £34.
"Look at that," says the landlord. "I pay half the bill."
"And I pay a third," says the financier. "Without us, you lot would be drinking water."
The farmer looks at the £50 on the table and says nothing, because he knows exactly whose money it was an hour ago.
One day, the barman announces that, since they're such good customers, he'll knock £20 off the weekly bill. The eight working men now pay £1 each, and they go home happy with their extra pound.
The next week, the landlord notices they have an extra pound each. "Beer's cheaper now," he says. "You can clearly afford a little more rent." He raises each man's rent by £1. The eight men are exactly where they started. The landlord is £8 a week richer. The windfall went where windfalls always go: to whoever owns the ground everyone else has to stand on.
Still, the landlord and the financier grumble that they pay far too much of the bill, and one evening they announce that they're off to drink overseas, where they're better appreciated.
The eight men brace themselves. But the next morning the field is still there, because the landlord couldn't fit it in his luggage. The barley still grows. The brewer still brews. The roof still keeps the rain out. And with no rent or interest to pay, each man walks into the pub with his full £20. The bill comes to £80, and they pay it with £80 to spare.
Some years later, the farmer fell ill and couldn't work the field. That winter there was no barley, so there was no beer, and no amount of money in anyone's pocket, here or overseas, could brew a single pint.
And that's how it works.
Tax the landlord and he may leave, but he can't take the land with him. Lose the farmer, and there's nothing left to tax.
For those who understand, no explanation is needed.
For those who do not understand, it may be because they own the field.
Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100.
If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay £1.
The sixth would pay £3.
The seventh would pay £7.
The eighth would pay £12.
The ninth would pay £18.
And the tenth man (the richest) would pay £59.
So, that’s what they decided to do.
The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the owner caused them a little problem.
“Since you are all such good customers,” he said, “I’m going to reduce the cost of your weekly beer by £20.”
Drinks for the ten men would now cost just £80.
The group still wanted to pay their bill the way we pay our taxes.
So the first four men were unaffected.
They would still drink for free but what about the other six men?
The paying customers? How could they divide the £20 windfall so that everyone would get his fair share?
They realized that £20 divided by six is £3.33, but if they subtracted that from everybody’s share then not only would the first four men still be drinking for free but the fifth and sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fairer to reduce each man’s bill by a higher percentage.
They decided to follow the principle of the tax system they had been using and he proceeded to work out the amounts he suggested that each should now pay.
And so, the fifth man, like the first four, now paid nothing (a 100% saving).
The sixth man now paid £2 instead of £3 (a 33% saving).
The seventh man now paid £5 instead of £7 (a 28% saving).
The eighth man now paid £9 instead of £12 (a 25% saving).
The ninth man now paid £14 instead of £18 (a 22% saving).
And the tenth man now paid £49 instead of £59 (a 16% saving).
Each of the last six was better off than before with the first four continuing to drink for free.
But, once outside the bar, the men began to compare their savings. “I only got £1 out of the £20 saving,” declared the sixth man. He pointed to the tenth man, “but he got £10!“
“Yeah, that’s right,” exclaimed the fifth man. “I only saved a £1 too. It’s unfair that he got ten times more benefit than me!”
“That’s true!” shouted the seventh man. “Why should he get £10 back, when I only got £2? The wealthy get all the breaks!”
“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!”
The nine men surrounded the tenth and beat him up.
The next week the tenth man didn’t show up for drinks, so the nine sat down and had their beers without him.
But when it came time to pay the bill, they discovered something important – they didn’t have enough money between all of them to pay for even half of the bill!
And that’s how it works.
Tax them too much, attack them for being wealthy and they just might not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.
ANGTraders retweeted
Hahahhahahahahahahaahhaahahahahahahahahahahahahahahahahahahahah <breathe> hahahahahahahahahahahahahahahaahahahahahahahahahahahahahahahahahahaahaha.
This is RICH.
Russian plague lab reportedly received $800k in research funding from RFK Jr's Health and Human Services trib.al/IGMKSxh
ANGTraders retweeted
US federal outlays, Sep 2026: $3.59T paid out of the Treasury's account at the Fed, up 15% on August and the second-biggest month on my table. Velocity +$472B, acceleration +$849B, both back to positive after two red months. S&P 500 -34.6 points in September.
ANGTraders retweeted
@jamiljivani
Is a Conservative MP, a Member of Parliament, Canadian taxpayers provide his salary. He has chosen to radicalize young Canadian males into hating Government, while promoting American propaganda.
He doesn't deserve his job,
Jamil is a threat to Canada !
ANGTraders retweeted
Legislation. That's where the money comes from. A bill approved by parliament under the 1866 Exchequer Act, S15. The Bank Of England is then instructed to make payment for any amount govt wants. No taxes, no "borrowing", it's just money creation. Every day, every time govt spends
ANGTraders retweeted
It’s not shocking to me that people love their hatred more than they care about their own actual lives because they are the poorly uneducated racist people and there is a reason republicans attack the department of education. They need to produce more dummies to vote for them.
