Last week, voters in the UK sent the conservatives to the sin bin for a generation, voters are about to do the same to the incumbent left in France as the rest of Europe appears to be shifting to “the right”. Who knows what will happen in the US but at least the virtue signaling left can blame […]
It seems that mainstream media outlets and Western .gov cheerleaders just can’t put a finger on reasons for the dramatic increase in the price of gold over the past 2 months. Mercifully, a little profit taking is allowing them time to collect their thoughts and we’re here to help. There’s no such confusion for long […]
“Hard times create strong men; strong men create good times; good times create weak men; and weak men create hard times.” G. Michael Hopf It’s interesting to cast our minds back to the launch of the US Fed’s initial “QE1” in December 2008, just after the TARP (Troubled Asset Relief Program) ran out. We wrote […]
As January washes up and the old, “as January goes so does the year” rolls out, let’s see if we can share some themes we think worth following for 2024. Starting with a World Economic Forum (WEF) Davos version of risk, courtesy of the WEF annual survey, based on a survey of 1,490 “leaders” – leaders […]
What a difference 2 weeks makes. Investors did not even bother to stop and consider why the US Fed policy makers made such an aggressive policy pivot last week, they just bought all the things. It’s not like the US Fed had an alarming set of inflation or job numbers, consumer sentiment is fine (according […]
There was an important theme laid out by Herbert Hoover(1874-1964) back in the 1930’s. There are only 3 ways to meet the unpaid bills/promises of a nation. The first is taxation. The second is repudiation. The third is inflation. What do you think the current crop of Western global leaders think of this thesis? Invest accordingly. […]
“Chase after money and security and your heart will never unclench. Care about other people’s approval and you will be their prisoner. Do your work, then step back. The only path to serenity.” – Lao Tzu Serious disclaimer upfront: personal serenity, peace between the ears and any existing meditative state maintenance is your own responsibility […]
Right now, investors are correct in feeling the economic sands moving beneath their feet. After 14 long years of kicking the can down the road, Western bureaucrats are out of road and have moved to sand – deep sand. Times are changing rapidly. Investors would be wise to assess their allocation of scarce investment resources accordingly. […]
For investors, 2022 will be looked back upon as a year goldilock investors were chomped by bears. In a rare feat, the good ol 60/40 bond/equity balanced “goldilocks” portfolio had one of its worst performances ever. The Australian equity component fared a little better than international counterparts thanks to strength in energy and commodity stocks. […]
For the time being, if you hadn’t noticed, the 0% interest rate world where money just fell from the sky is over. 14 years of whatever it takes, an era that forced investors to take on more and more risk to achieve some yield or capital gain via speculation is starting to blow back. At […]
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