It’s been hard, lately, to untangle the many causes of inflation’s sudden surge. How much is due to the pandemic lockdown distorting year-over-year comparisons? How
Repost from March 17 One of the flaws in the revolutionary mindset is a tendency towards overconfidence. Combine absolute belief in a new idea with
One of the emerging trends in the almost-post-covid economy is companies suddenly having to pay way up to find new employees. Restaurants, truckers, even Uber
The mainstream press is comfortable with moderate inflation because it raises financial asset prices and allows the government to spend more money. But when inflation
One of the flaws in the revolutionary mindset is a tendency towards overconfidence. Combine absolute belief in a new idea with a couple of early
So bonds are obviously a bubble. And stocks have never been this overvalued. US houses have never been this expensive. Cryptos have had the greatest
Fed Chair Jerome Powell just spooked the markets by predicting that inflation will jump when the economy reopens – but don’t worry, it’s just temporary.
Last March, the financial markets were rocked by the news that covid-19 wasn’t going away. Stocks and gold both tanked, and the suddenly-locked-down economy went
We’re deluged with numbers these days, many of them huge, ominous departures from historical norms. But one matters more than the others. To understand why,
The idea that “bitcoin is its own asset class” and should therefore be judged based on its own highly-constrained supply rests on the assumption that
Bitcoin has had a helluva week. And many of its fans see its recent spike as just the beginning of a run that converts it
The conventional view of inflation is that it’s not only low, but dangerously low and in need of aggressive stimulus. But that view is increasingly
Iconic investor Warren Buffett’s superpower is the ability to understand how companies work and tell which will generate the most and most consistent cash flow.
The creators of Medicare, Social Security, and other long-term spending programs had a handle on demographics – or at least on the political realities of
Let’s assume that by the end of this year a combination of social distancing and some new and effective treatments convert covid-19 from existential threat
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