Weekly Insights

1. Growth Investor? Or Liquidity Speculator?  The chart above was produced by one of the world's biggest hedge funds, Bridgewater. It shows that Growth as an investment factor in equities has persistently declined since the early 2000s. The US equity peaks have...

1. Inflation is still trending higher. Inventory to sales reflects supply to demand. The everything shortage and price hikes mechanism is in full flow. This should be characterized as trending inflation. Check out the details from the Fed's Beige Book. “We need lower...

  Weekly Investment Insight 08302021 Focus Five 1.  "Narrow money supply is going off the scales. Yet at Jackson Hole it was never mentioned, except in a footnote. Equally incredible is the gullibility of the investment establishment knowing that money does...

The 5 most impactful comments. 1. The US has the easiest financial conditions ever and is far behind the rest of the world in starting to reverse policy.  https://twitter.com/LizAnnSonders/status/1431209487810060290 In fact the Fed increased asset prices over the...

  1. Are you a Dunning-Kruger? How good do you think you are? 2. Central Banks cannot really taper with this slowdown. 3. The Dollar's Debt Trap. 4. When the ducks are quacking, feed them. Stock issuance breaks all records. 5. Wild Divergence. The gap between...

1. The folly of ruling out a collapse. The valuation metric that most closely inversely correlates with poor future long term returns is unequivocal. 2. "Scramble for survival" for the next decade. Don't miss Larry Lindsay's Interview. 3. "Noise. A flaw in Human...