Storm Clouds
Sooner or later, the stock market bubble has to deflate. It can develop a slow leak, with rising inflation gradually undermining real values. Or, it can just go ‘pop.’
No Index
What Happened Next
Sometime in the future, the stockholders’ good luck is likely to vanish. Stocks have real value. That real worth — the present value of future earnings — must ultimately be expressed in prices.
Here Comes Trouble
There’s a big difference between having the best growth rates and having the worst. And if you don’t know which you have, you’re probably headed to trouble. Which is exactly where the US is headed.
Shutdown
Both the stock market and the economy are now growing — but only because of a whirligig of ‘capex’ spending on AI…which is most likely money down the drain.
Volare
No time for serious thinking about the gold standard or the end of the empire (you can thank us later!) Instead, we’ll just tell you about something you’ve been wondering about for years — French weddings.
Roll Out the Barrel
The real promise of gold is not just a rate cut or two…and not really ‘easier borrowing costs.’ Gold may be a good gamble now…but in the long run it is just a way not to lose money.
