You’ve probably seen some version of the following meme in the last few years. In case you haven’t it’s generally used to infer that Jerome Powell is printing money and [ … ]
Three Things I Think I Think – Crypto, Crypto, Crypto
Here are some things I think I am thinking about. 1) So. Much. Crypto. I am about to write a post entirely about crypto. But before I do that I [ … ]
Let’s Talk About Inflation
Whooboy. What a CPI print. Here are some highlights in case you have a life and don’t drool over BLS reports: The all items index experienced its largest increase (4.2%) [ … ]
Three Things I Think I Think – Losing Reserve Currency Status
Here are some things I think I am thinking about. 1. Is the Fed “Playing with Fire”? Stan Druckenmiller had an op-ed in the WSJ about how Fed policy has [ … ]
The Scarcity of Money Myth
I’m here to ruin some long running narratives. I apologize in advance. Money is not scarce. It never has been and it never will be. More importantly, scarcity of money [ … ]
Credo Wealth Interview on the Macro Landscape
I recently joined Deon Guows of Credo Wealth, a $5B wealth management firm in London, to discuss the macro landscape in the years to come. We hit on a huge [ … ]
Three Things I Think I Think – Housing Bubble 2.0, Passive Investing and Hyperinflation
Here are some things I think I am thinking about: Is the Housing Market a Bubble (Again)? I’m starting to see a lot of chatter about a housing bubble 2.0. [ … ]
Let’s Talk Some More About Assflation
One of the persistent themes since 2008 is the theory that there has been excessive “asset price inflation”. I’ve talked about this quite a bit before, but it is worth [ … ]
Understanding Government Liabilities
I keep running into a strange issue in macroeconomic discussions – no one seems to agree on how we should account for government liabilities. For instance, Gold standard economists believe [ … ]