Yesterday, at the end of @dbongino's pod...he talked about creating a "parallel economy."

@dbongino I have a few questions for you pertaining to this. Specifically, what is the end game of a "parallel economy?"

Did we not have a parallel economy back in the 50s? An econ that was segregated for white people and "negros" (Historical context, NOT derogatory meaning).
So, I understand your idea about creating competition in the market place

Competing News Aggregators
Competing social media platforms
Video hosting platforms
PAYMENT processing platforms

Competing scholarly journals
1000s of competing news outlets...

But a parallel econ?
A parallel econ in it's entity will continue the wedge in the country which, historically, is exactly the discourse and demoralization that the left/communists THRIVE IN!

You're advocating for a systemic chaos system of constant conflict...hear me out.
Will this "parallel econ" create a "parallel country?" What geographic territory will this "parallel economy" hold?

By creating a parallel economy, you're creating a parallel country that is running in two separate, but diametrically opposed directions.

What is your endgame?

More from Economy

1/ Trend Factor: Any Economic Gains from Using Information over Investment Horizons? (Han, Zhou, Zhu)

"A trend factor using multiple time lengths outperforms ST reversal, momentum, and LT reversal, which are based on the three price trends separately."

https://t.co/udkvsdw2Lz


2/ This resembles combining multiple measures of ST reversal, momentum, and LT reversal (forecasts determined by walking forward rather than using signs from the full sample).

Unlike normal moving average signals, these are *cross-sectional.* More below:
https://t.co/wkIFLg9jtK


3/ Unsurprisingly, the Trend factor formed by this approach outperforms benchmarks in terms of both Sharpe ratio and tail metrics. It's combining momentum with two factors that are negatively correlated to it AND using multiple specifications.

More here:
https://t.co/x8Tloz3iyL


4/ "Average return and volatility of the trend factor are both higher in recession periods. However, the Sharpe ratio is virtually the same.

"Interestingly, all of the factors still have positive average returns.

"Momentum experiences the greatest increase in volatility."


5/ "In terms of maximum drawdown and the Calmar ratio, the trend factor performs the best.

"The trend factor is correlated with the short-term reversal factor (35%), long-term reversal factor (14%), and the market (20%) but is virtually uncorrelated with the momentum factor."

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