Weekly Updates

Exposing the Illusion: Are Ratings Agencies Spoiling the Show?

August 18, 2023 The key is getting people to look the wrong way. In the world of magic it’s called “misdirection.” Misdirection is the subtle art that cleverly diverts the audience’s attention, leaving them utterly enchanted, baffled, and awestruck all at once. (Maybe that’s why many magicians have a “lovely assistant”…) Magic illusions aren’t really …

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Can the BRICS Create a “John Wick” Economy?

August 11, 2023 If you’ve seen any of the films in the John Wick franchise, you’ve undoubtedly noticed something very different about the world that “Baba Yaga” inhabits. This world-within-a-world has a unique economy that centers around the “members-only” Continental Hotels. Everything at or related to Continental business costs… one gold coin. A bourbon at …

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More Bidenomics: Two Real-World Examples of Why Biden’s Industrial Policy is Epically Stupid…

July 21, 2023 Strange question coming up, but bear with me… What are the odds of something happening in the past? Pretty good, wouldn’t you agree? I’m joking, of course. Hindsight is the perfect knowledge of the result of some action. And it’s always 20/20. The problem is, no knowledge is ever perfect — even …

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Climbing a Wall of Worry: Is This Obscure Indicator Saying We’re At the Top?

June 30, 2023 There’s an old saying in the financial world that the stock market tends to “climb a wall of worry.”  It refers to when a bull trend keeps rising in the face of bad news. A negative economic report shakes up the market… An unexpected twist in geopolitical relations… A natural disaster impacts …

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The Recession Debate Goes On (But These Diverging Indicators are Signaling Trouble)

June 9, 2023 If you needed any more proof about the level of uncertainty that’s permeating the economy and where it might be headed, you need look no further than this article box in the Wall Street Journal this past week… Wrapped around an article explaining how the Saudis would now unilaterally cut production by …

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Big Oil Pushes Back

May 26, 2023 There’s no denying that things have gotten weird where the culture landscape goes. This is a financial letter so I try to stick to topics of that nature. I don’t judge people’s personal beliefs. And I don’t want to make this about social issues per se…  but the overlap between finance and …

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