You’d think a guy like me who’s been outlining danger signs in these markets would take pleasure in seeing the market carnage yesterday. But I’m not. Far from it. I hate crashes. […]
Retiring the Bear
Macro Alert
Watch out, stocks are not the only thing flying. Recently I outlined my concerns about the cost of carry as rates are rising and I’ve outlined my analysis in The Debt Beneath. […]
The Debt Beneath
Debt is irrelevant and matters not. It’s different this time. That’s the message from politicians, markets and participants. Tax cuts pay for themselves (they do not), leverage doesn’t matter (it does) and […]
Worshippers of the Sun
Steps to Nowhere
