Whooboy. What a CPI print. Here are some highlights in case you have a life and don’t drool over BLS reports: The all items index experienced its largest increase (4.2%) [ … ]

Here are some things I think I am thinking about. 1. Is the Fed “Playing with Fire”?  Stan Druckenmiller had an op-ed in the WSJ about how Fed policy has [ … ]

I’m here to ruin some long running narratives. I apologize in advance. Money is not scarce. It never has been and it never will be. More importantly, scarcity of money [ … ]

I recently joined Deon Guows of Credo Wealth, a $5B wealth management firm in London, to discuss the macro landscape in the years to come. We hit on a huge [ … ]

Here are some things I think I am thinking about: Is the Housing Market a Bubble (Again)? I’m starting to see a lot of chatter about a housing bubble 2.0. [ … ]

One of the persistent themes since 2008 is the theory that there has been excessive “asset price inflation”. I’ve talked about this quite a bit before, but it is worth [ … ]

I keep running into a strange issue in macroeconomic discussions – no one seems to agree on how we should account for government liabilities. For instance, Gold standard economists believe [ … ]

It’s become popular during the last year to argue that “stocks only go up”. And yes, it sure feels like that some times. In fact, in the long-term, it’s mostly [ … ]

“Stocks are overvalued and risky. Bonds yield nothing and expose you to interest rate risk. So you need to invest in alternative assets.” – Pretty Much Everyone I am a [ … ]