PGW2021

WHAT HAPPENS AFTER THE AI BUBBLE?: Enjoy this excerpt from our Aug-26 monthly Macro Scouting Report in which we detail why the @42Macro Paradigm C Bull Market™ has a reasonably high probability of being followed by a secular bear market—the kind that takes years, sometimes decades, to recover from. To everyone who is younger than me and has no experience with this lifestyle-altering outcome: The Global Financial Crisis (GFC) was the last secular bear market. That was almost TWENTY YEARS AGO. We still believe there is lots of money to be made on the long side of the AI bubble. But please make sure you have a trusted risk management partner that can help you book gains near the eventual high before it’s too late. It doesn’t have to be @42Macro. We’d love to welcome you to our global investor community, but we don’t need your money. Business has been booming for a while, and we're grateful for that. God is [always] good. Just make sure you’re not relying on your own thoughts, Finance Twitter, YouTube, TikTok, and Reddit to risk manage the eventual popping of this bubble. The stakes are too high for that. The Fed cannot have our backs anymore because of sticky inflation and socially destabilizing inequality. Buckle up, —Skipper 💜

As someone who grew up dependent on SNAP, Medicaid, and Welfare, this question has been weighing on my heart all weekend: When the government wants to incentivize poor people to contribute more to the economy, it gives them “work requirements”. When the government wants to incentivize rich people to contribute more to the economy, it gives them trillions of dollars in tax cuts, subsidies, and government contracts. I think we could solve a lot of our K-shaped socioeconomic problems if we flipped this policy mix. Surely, the poor people need the money more than we do, no? As a successful business owner, I don’t need tax cuts, subsidies, and government contracts to *want* to grow my business. I am incentivized by my own desire to create fabulous outcomes for my clients, my employees, and each of their families. Why do so many of the other rich people in this increasingly K-shaped economy need handouts—“rich people welfare”—to grow their businesses? Moreover, why are so many of them so mean to the poor people on welfare too? You’d think they’d relate. At any rate, I quit my lucrative Wall Street job in part because I got sick of only making rich people richer. I wanted, needed, to make ALL people richer. We built @42Macro to satisfy this burning passion of mine and our *completely systematic* KISS model portfolio does exactly that for thousands of investors across the world—from the hallowed halls of Wall Street to the family rooms on Main Street. Sadly, the KISS strategy—risk-managed 60/30/10 Stocks/Gold/Bitcoin—is designed specifically to capitalize on America’s decaying economic and moral fabric. I’m not proud of that part, but helping thousands—perhaps millions someday—of regular people become rich and grow their wealth is the best solution I could devise with the gifts God blessed me with. Thanks for reading about why I’ve been sad all weekend and a key part of what I’m doing to help our divided, K-shaped society heal. I love and appreciate you. ❤️

Every. Billionaire. In. This. Country. Is. On. Some. Form. Of. Subsidized. Welfare. …Including @elonmusk—the richest man in world history! And you know who’s paying for it? YOU! Via taxes, inflation, monetary debasement, and/or sending YOUR children to fight THEIR wars. 💜