Thursday 7, July 2022

Not such rare earths!

Turkey Discovers 694 million mt of Rare Earth Element Reserves, with Infrastructure Construction Starting This Year.

I don’t know how reliable this is, but if it is true, it sounds kinda important. I haven’t seen this anywhere other than as …

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Wednesday 6, July 2022

Oil Price Report Comment

A look at today’s stock market is enough to understand the main concern for oil markets right now, recession. Whilst most assessments expected recession to kick in later this year, its first signs are already emerging with European economies potentially entering …

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Tuesday 5, July 2022

UK political news

Sajid Javid and Rishi Sunak, NHS Secretary and Chancellor have resigned their cabinet posts. Boris Johnson has been the target of relentless contempt from mainstream media, principally for telling bare-faced lies (allegedly).

The pound sank 1.3% to less than $1.20. Gilts …

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Monday July 4th, 2022

Founder-led companies

Outliers has a post about collecting letters from companies who are led by their founders. Here it is.

Some of these companies are worth further pursuit.

NGDP good news

The world is now fixated on inflation. One of the most important functions of money …

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Sunday 3, July 2022

Rudy has been recycling his greatest hits on Substack

You can read his latest compilation here. Bill Fleckenstein has been talking about the time when the bond market takes away the printing press. The bond market has been weak, and one of the biggest holders of …

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Friday 1, July 2022

Housing

House sales are down by 50% since the peak in the UK. There are a lot of distortions in the UK, not least the mad “Stamp Duty Holiday” of last year. The big problem is the wariness of lenders. The UK has had, for the …

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Thursday 30, June 2022

Looking back over two quarters

World stockmarkets (here represented by the ACWI ETF, which tracks the global, market-cap weighted, equity level), have had a relentlessly bad six months. The culprit is the tightening of monetary conditions. This is probably going to go on. Personal Consumption Expenditure …

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Wednesday 29, June 2022

Covid

So many people have Covid. Everyone is coughing. Supposedly, this is the BA.5 variant. I just know that a lot of people I personally know have got tested positive. This thing is not going out without kicking and screaming. I am not sure govt …

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Tuesday 28, June 2022

Inflation and commodities

Kuppy talks about ‘Project Zimbabwe,’ by which he means the incontinent money printing of central banks in response to the pandemic, wobbles in the polls, the market getting twitchy … well, more or less anything that might make politicians look bad. The logical response …

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Monday 27, June 2022

Crunch!

Equity markets have fallen a long way, but they are still above trend. As an inveterate bear, I think we have further to go, but I can see why a lot of people are saying that we’ve turned the corner.

Inflation is running at …

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