While it seems obvious that the future should feature a lower dollar and gold continuing to outperform stocks, that is far from assured. That is the consensus view and while the crowd can be right for a long time, its clairvoyance is inversely proportional to its size. The more consensus the consensus becomes, the less likely it is to happen. [...]
We are all interested in the future, for that is where you and I are going to spend the rest of our lives. Plan 9 From Outer Space I have no idea what will happen this year. Neither does anyone else. If this is your first time reading one of my commentaries, you should probably know that I say that [...]
As is my custom, I'll be taking a break from these weekly updates for the rest of the year. That doesn't mean I'll be loafing my way to year end though. I'll probably do some short posts as things come up before year end but my main focus will be on the 2026 outlook that we'll publish in a couple [...]
Are US markets, once again, in a bubble? Are AI stocks overvalued or are they discounting a new age of prosperity driven by big gains in productivity? What about gold? It's up over 50% this year, signaling...what exactly? Gold is a fear asset that usually shines when the economy is bad and stocks aren't doing so well. So, why is [...]
The arrest last week of several ex-NBA players - and one current head coach - on gambling charges, seems to have no connection to markets or investing or the economy. Miami Heat player Terry Rozier is accused of providing insider information about NBA games and his own performance to gamblers who placed bets and laundered their winnings. Chauncey Billups, an [...]
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