MAD Macro - Bridges Are Falling Down, My Fair Lady
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Bridges Are Falling Down, Falling Down The Orange Mad King I Wins Again I normally like to start out with the funny stuff. Sadly, the Baltimore bridge collapse is the big story today. It’s not being reported yet, but it seems crazy that this was an accident. Piloting a huge container ship leaving the Baltimore Port under a major bridge is not handled by rookies. The video of this ship shows it making a direct hit. It’s not like it bumped the bridge, it hit it head on. The loss of life is very sad but this is also a major infrastructure disaster. I assume one of our major ports will be closed for months and the wonderful traffic in Baltimore will be even more wonderful. Disasters first hurt the economy and then help it. I wonder, is this Jay Powell’s chance to ease without it looking political? Next, the bridge needs to be rebuilt. It’s great that we have the Tin Man’s Infrastructure Act of 2021 to help. Oh wait, the Infrastructure Act makes it almost impossible to build anything due to the crazy regulations. Oddly, there is a good opinion article in today
MAD Macro - Bridges Are Falling Down, My Fair Lady
MAD Macro - Bridges Are Falling Down, My Fair…
MAD Macro - Bridges Are Falling Down, My Fair Lady
Bridges Are Falling Down, Falling Down The Orange Mad King I Wins Again I normally like to start out with the funny stuff. Sadly, the Baltimore bridge collapse is the big story today. It’s not being reported yet, but it seems crazy that this was an accident. Piloting a huge container ship leaving the Baltimore Port under a major bridge is not handled by rookies. The video of this ship shows it making a direct hit. It’s not like it bumped the bridge, it hit it head on. The loss of life is very sad but this is also a major infrastructure disaster. I assume one of our major ports will be closed for months and the wonderful traffic in Baltimore will be even more wonderful. Disasters first hurt the economy and then help it. I wonder, is this Jay Powell’s chance to ease without it looking political? Next, the bridge needs to be rebuilt. It’s great that we have the Tin Man’s Infrastructure Act of 2021 to help. Oh wait, the Infrastructure Act makes it almost impossible to build anything due to the crazy regulations. Oddly, there is a good opinion article in today