Love footnote 3 about energy density, such a good point

Expand full comment

As usual, great piece.

Expand full comment
Jan 24Liked by John Galt

I think you're right about victory laps but there's nothing wrong with cheering when you've scored some points in the game! So you're currently enjoying the European ski season. The land of milk and money...and enough energy to stay warm! Have fun!

Expand full comment
Jan 23Liked by John Galt

Great write up, thanks John. How do you see a re-emergence of the Euro energy Criss or winter 2023 and the market repricing no FED rate cuts for 2023 impacting USD.EUR?

I see some prominent Fintwit accounts expecting US bond yields to go up(you also) and USD to strengthen against the Euro.

You are leaning long Euro, so would be very interested to get you take?


Expand full comment