Monthly Archives: December 2022

Merry Christmas and Happy Holidays, folks. Thanks for tuning in to GMM, and stay tuned as we plan to ramp up the content big-time to make 2023 our best year ever. The following Holiday ad is awesome and never gets … Continue reading →

QOTD = Quote of the Day This aged well.  We are empathetic with the pain out there but, just as in the case with the anti-Vaxers and COVID deniers, stupidity has consequences.   Tesla (TSLA), the poster child of the latest … Continue reading →

This is a big deal, folks, which should be front and center on your radar.  Without the central banks, including the Federal Reserve, taking down a large chunk of the effective net new issuance of Treasury notes and bonds (indirectly … Continue reading →

O.M.G!    Just when you think the crazy stupidity of markets has bottomed, it just keeps digging.  As my old boss, who helped blow up the “Queen’s bank,” used to say,  “ship ’em in.”  Be careful of a “pump Trump … Continue reading →

More Sneakflation We had dinner earlier this week in Marin County and noticed something new on our bill – a 4 percent living wage surcharge!   We seriously doubt the effective food price increase shows up in the “food away from … Continue reading →

The following chart illustrates an excellent heuristic and simple (if not too simplistic) illustration of longer-term stock market valuation moves.  Note how the stock market’s capitalization has significantly outpaced nominal GDP — never sustainable — since the nadir of the … Continue reading →

Good stuff, must view.