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Moontower #148 - by Kris Abdelmessih - Moontower Weekly

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3-Card Macro

Moontower #148 3-Card Macro Kris Abdelmessih May 08, 2022 31 5 Share Friends, Here’s a rarity for this letter. Let’s play macroeconomics. I don’t usually write about “macro” because it feels like astrology. You can look at any bit of data (the “current thing” as they say on the internet is inflation) and see it molded to be the cause or result of whatever axe a speaker is trying to grind. People who just learned what inflation was on Tuesday have incorporated it into their pre-existing worldview so seamlessly that by Friday their updated narrative is more coherent than ever. Macro is the raw m

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