Macro Observations

Macro Observations

Why A Further 20% Drawdown Isn’t Just Possible, It May Be Likely

Returns Around Recessions

Macro Observations

Are Pensions Plans The Next Thing About To Be Decimated By These Markets?

Spoiler Alert: Few.

Macro Observations

The Credit Event Is Here

Buckle Up

Macro Observations

The Fed Just Confirmed That A Credit Event Is Coming

The Confession

Macro Observations

No One Needs A New iPhone. We Need More Refineries.

But Tell Me More About The Apple Watch

Macro Observations

China Is Unleashing Its Arsenal Of Policy Support Tools

It Still Needs To Pull Out The Big Guns

Macro Observations

The Lost Decade: Zero Real Returns

While The Rich Get Richer

Macro Observations

AirBnB Destroyed The American Dream Of Owning A Home

But Tell Me More About Nvidia

Macro Observations

The Perfect Example Of “Slowly & Then All At Once”

You Can't Spell Credit Event Without The C In China

Macro Observations

The Latest Evidence That A Credit Event Is Near

Banks, Interest Expense & Windfall Taxes

Macro Observations

The BoJ Tightens. The U.S. Gets Downgraded. Investors Say “Meh”.

They Really Shouldn’t.

Macro Observations

What If The Bank Of Japan Is About To Shock The Market & Suddenly Drop Yield Curve Control?

A Massively Underappreciated Risk