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Private Capital Allocation Matching Only the Great Depression for Inefficiency

Private Capital Allocation Matching Only the Great Depression for Inefficiency The Summary: Economic policy objectives (monetary and fiscal) are meant to incentivize domestic private business investment, which drives incomes and the money multiplier effect, i.e. the engine of the economy. Economic policy objectives have failed because CEO’s, the private capital allocators, simply cannot accommodate business […]

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88% Probability We Just Entered Recession & The Broken Monetary Mechanism That Got Us Here

88% Probability We Just Entered Recession & The Broken Monetary Mechanism That Got Us Here My last piece “The Matrix Exposed” generated a bit of a stir.  And as per usual the PhD’s had some fairly colourful things to say to me regarding the notion that more money and more credit may actually stall an economy.  But look I’m not […]

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Bill Gross’ May Investment Letter: The Scariest Thing I’ve Read In Years

Bill Gross’ May Investment Letter: The Scariest Thing I’ve Read In Years A friend recently sent me Bill Gross’ May investment letter and I haven’t been able to stop thinking about for days.  Now one cannot deny that Bill is a highly intelligent man which is clear when reading his letters.  He thinks differently than […]

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April Cheers Could Bring May Tears, Have a Look…

April Cheers Could Bring May Tears, Have a Look… When people stop trusting a market they stop using that market.  Trust is at near 20 year lows.  The conundrum is that as volumes decline it becomes ever easier for price insensitive participants to manipulate the market only furthering the distrust.  This first three charts depict the deterioration of volumes […]

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A Blended Fundamental and Technical Perspective on Where We Go From Here

A Blended Fundamental and Technical Perspective on Where We Go From Here So I’m currently teaching applied financial modelling at Marquette University in the beautiful blue collar town of Milwaukee, WI; home of the Harley, the (Miller) High-Life and SummerFest.  It’s a great town and a great school.  A few years ago the business college […]

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The Fed’s Fatal Flaw: A Predictable End

The Fed’s Fatal Flaw: A Predictable End So last week a very savvy investor asked me my view (h/t Simon Popple) on – When and what will break the chains on gold by those seemingly omnipotent forces that so assuredly keep its price in check? In essence, the belief is (and I expect for most honest and […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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