The market (various measures) seems convinced that inflation is going up. I’d spend all day writing this if I linked to everything I see that says this. But still, in bond prices, the evidence is far from overwhelming
The rise of ETFs (which are …
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Governments spend and receive money. This generally involves the banking system. Governments can have bank accounts at any bank they choose to. Very often they choose to use one, which may be privately owned, or nationalized. Surprisingly often, they are not publically owned. It was not until the late 1940s …
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Currently, oil is trending down.
Strong move down in commodities. Is this the consensus trade fading?
Just listen to her, if you can bear to. Pick up the remarks at around 11m30s. Insane: she breezily dismisses the risk …
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After my comments a few days ago about Marxist theory of political power, I thought I’d better educate myself. This article explains the theory quite well, I think. Marx and Weber/Pareto seem to differ. Marx thought that political leaders automatically followed the (maybe …
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read moreBusiness model tweaks with Chinese characteristics. The Wall Street Journal reports today that China’s central government will ask local authorities to change the procedure for conducting land auctions, holding them in bulk at select times during the year instead of the current piecemeal, ad …
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The sheer volume of posts saying “inflation is coming, bonds are dead” is becoming overwhelming. The latest is Ray Dalio, here. I don’t suppose he’s saying anything amazingly insightful, but he controls a lot of money, and has made a lot. Others will listen. Of course, many …
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Pinecone likes CAD and dislikes JPY. Sounds like a good call.
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This article makes a compelling case that battery electric vehicle makers will as a group crash and burn. Or, at least their share prices will. Well, the majority, probably, unless one emerges as the dominant force in the global market. It compares …
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The theory is that reflation powers small cap. A lot of these do not produce any net income, let alone a yield, which undermines my thesis that the main effect is carry costs.
Who knows, but this is a dramatic demonstration that something is happening, probably to sentiment.
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It seems I’m not the only one to ask this question.
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