Category Archives: Uncategorized

Going Deeper: PMIs vs Factory Utilization

Purchasing Managers’ Index (PMI) The headline PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change. The … Continue reading

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Gold Heading To $3,000

The gold move has been astounding but not surprising.  In our book, the main driver of gold is the perception of the central bank’s commitment to maintaining the purchasing power of its fiat currency.   Unless the Fed panics and begins … Continue reading

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Mars 2020 rover: How far we’ve come – CNET

Very cool. I remember buying a computer for my loft apartment at the Archive in Greenwich Village just to watch the 1997 Mars rover, Sojourner,  land, and cruise around the Red Planet.  The brand new days of the internet and … Continue reading

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And The Winner is…

Not even close. “So the last will be first, and the first will be last.”  Gospel of Matthew Don’t let anyone ever tell you that you can’t do something. 🤘🏻💪🔥♥️ — Fred Schultz (@fred035schultz) July 30, 2020

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Complicated Capilalism

Compassionate capitalism is our mantra around but the pandemic has really complicated things, especially when it comes to private property rights.   As the pandemic drags on, who is right?  Renters or landlords? Chapter 19 Of U.S. Bankruptcy Code? We suspect … Continue reading

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REITs For The Right Reason

By Carol K. Summary These are my favorite REITs with fully intact dividends as of 7/29/20 REIT 90% payout requirement for 2020 pushed to Dec 31, 2021 There is no free lunch, i.e., the risk/reward tradeoff A REIT really is … Continue reading

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Trump’s Suggestion To Delay Election Is No Surprise

“Don’t be surprised if you begin to hear the drumbeats of delaying or canceling the November election.” – GMM, July 19 See the article here  With Universal Mail-In Voting (not Absentee Voting, which is good), 2020 will be the most INACCURATE … Continue reading

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The Ultimate Scarcity Asset

GaveKal reminds us why assets typically have value. They can be rare—gold bars, diamonds, houses on Victoria Peak, bottles of 1982 Pétrus, Van Gogh paintings, or They can generate cash flows over time We have been writing for years how … Continue reading

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Gold’s Tower Of Terror Trade & The Coming Of Stagflation

I was just explaining to a close friend earlier today how gold can sometimes be a “Tower of Terror” trade where the bottom falls out of the price for no apparent reason.  In addition, the metal is mainly driven by … Continue reading

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Germany The Winner In COVID Economic Management

Morgan Stanley’s Ruchir Sharma joins Fareed to grade countries around the world on their responses to Covid-19 and their economic resiliency to the crisis. Source: CNN Click here to view video

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