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Monthly Archives: May 2024
We pick our poison
It’s a worldview thing: bulls celebrate AI euphoria led by Nvidia (chart below courtesy of Bloomberg), driving record-high stock valuations amid overstated job and GDP growth that get revised lower in retrospect. Realists see all this and everything else within … Continue reading
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Debtasized: How our reliance on credit leads to price inflation
Easy credit pushed up the price of existence for all by enabling unsustainable demand. Now we have the payback period. The video below from Doug Hoyes and Co is worth watching. I found playing it at 1.25x speed was more … Continue reading
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Buying high and selling low, rinse and repeat
When interest rates were pushed to record lows from 2000 to 2022, credit-enabled buyers drove real estate valuations to record highs all over the world. Capital flooded into the space, and the finance sector rolled out ‘hot’ new products to … Continue reading
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