Monthly Archives: April 2023

It is a turning point the world has not seen in centuries, and is unlikely to see again for centuries more. India is on the cusp of passing China in population, according to the latest U.N. estimates. At 1.428 billion … Continue reading →

Good piece on Bloomberg today about the auto repo industry.  It looks like many car owners bought too much auto: With more Americans struggling to pay their bills, the $1.7 billion industry for repossessing such assets as cars, trucks and … Continue reading →

Brazilian stocks and currency outperformed this past week as inflation came in lower than expected, increasing speculation the central bank may cut interest rates. 

The inflation problem, we believe, is not so much about the price of money (interest rates)  but the quantity of money.  The problem with money is that we can’t define what money is in our high-tech and digital economy, much … Continue reading →

Wow!  The data in the following table are so surprising it makes us think we made a mistake in our calculation.  Please try and replicate the table and confirm our calculations. Gold has trounced the S&P500, both in price and … Continue reading →

Gold is approaching its all-time high (ATH) at 2,070ish after a nice breakout from a year-long Cup & Handle formation.  The measured move upside target is around $2,350, but it must first break the ATH.  Freakishly, gold is trading close … Continue reading →