All the Valuation Metrics That Matter Are Screaming That the Stock Market Is Dangerous
But all the liquidity metrics that matter — fiscal policy, monetary, policy, margin debt — tell you the market could go higher before it goes (a lot) lower.
The Law of Parsimony
The clowns, charlatans, Marxists, and morons in charge of US fiscal and monetary policy will tell you that inflation is ‘transitory’. They’ve claimed that people saved up during the pandemic,
So what’s next: inflation or deflation?
The RBA, bowing to market expectations for higher inflation AND interest rates, doesn’t practice curve control anymore either. So what’s next: inflation or deflation?
The Mandela Effect
No such thing happened (in this timeline). Mandela was released from prison in 1990. He won the Nobel Peace Prize a year later and was then elected president of South Africa in 1994.
A Public Service Announcement
This is a public service announcement. All those ‘new freedoms’ you have now that lockdowns are over? They aren’t new. You had them before. They are your natural rights as a human being.
The Outlaw Life
Someday the pandemic will end. But it will quickly be replaced by a ‘climate crisis’. And many of the ‘emergency’ measures put in place to control you during the pandemic will be used again.
When the Lights Go out in Sydney
It takes billions in exploration budgets and then capital investment to bring those resources to the market. It doesn’t just happen. And when it doesn’t happen, the lights go out.
Money Wars and Energy Dreams
The last one — the argument that the age of fossil fuels is over and we’ll all miraculously move to a ‘net-zero’ emissions world within 20 years — is the one that’s made energy stocks…
Common Prosperity, Uncommon Brutality
That phrase ‘common prosperity’ is one the CCP has used to criticise China’s superstar CEOs like Ma. In a collectivist political economy, you can’t celebrate or venerate individual success or brilliance.
The Tide Is Turning Australia
We interrupt Australia’s slow-motion descent into medical fascism to report on a big story from China. Greg Canavan reported on the looming collapse of property developer Evergrande last week.