Category Posts

An AI bubble in a global energy crisis. No one saw this coming. This is week 12 of the oil war. Sometimes we need to step back from the noise to regain the signal, so in this post I will recap events year to date: The year started with global markets in a risk ON mood. Wall Street's consensus was for a "run hot" global economy in which global central banks would be cutting rates to buffer the trade war demand shock. Therefore the leading sectors in January were gold, silver,

Trump landed at Davos overnight and proceeded to tell European leaders that the U.S. is a newfound nirvana and Europe is doing everything wrong. Only someone who has never stepped foot out of the U.S. could believe that - which by coincidence happens to be Trump's entire MAGA base. Business leaders in Europe agree with Trump that the U.S. is a much better place to invest because it has a far greater divergence of wealth than Europe. Far friendlier business practices, and far

What follows is a market summary of 2025: Consumer sentiment is at a 50 year low. The jobs market is imploding at the fastest pace since 2008. NDFI shadow loans are larger than subprime. The AI Ponzi bubble has peaked. Stocks are record over-valued. Households are record long stocks. Gold is soaring on inflation concerns. BofA is on a sell signal. And yet, pundits are sanguine going into 2026. Therefore it falls on us to ask, what could go wrong? Over the past 15 years, globa

Let's see, we are told that the AI bubble remains perfectly intact but now everyone will rotate out of over-valued AI stocks at the same time. That is Wall Street's 2026 prediction in a nutshell... "As late 2025 draws to a close, a significant recalibration is underway in global financial markets, with investors increasingly rotating capital away from the once-dominant Big Tech and Artificial Intelligence (AI) sectors." Sounds great, but who is going to buy the Big Tech stoc

I don't know what's going to happen next week, but we know with 100% certainty that bullish speculators have been categorically destroyed. That's not a matter of speculation. Pundits are desperately trying to keep the sheeple from bolting out of the Casino as market volatility picks up with each passing day. So they tell the people that the bull trend is still intact - this is still a bull market. At the major index level perhaps, but below the surface breadth has been implod

The weaker the economy, the more aggressive investors become in financial markets. Why? Because central banks have trained them to...

This is the largest bubble in human history without any comparison. Go big or go home. Picking up where we left off late last week, this...

For most people, it's hard to see a bubble when they're putting their entire retirement into it. Because at this latent juncture the AI...

I never thought I would have to write a blog post with a title called "Trade War Blow-Off Top", however it's now obvious that Trump's...

This past week culminated with the passing of the Trump tax cut. But this coming week features the re-escalation of the trade war that...

"In Greek mythology, King Sisyphus reveals Zeus's abduction of Aegina to the river god Asopus, thereby incurring Zeus's wrath. As his...

Remember SPACs (Special Purpose Acquisition Companies) which were the locus of IPO-related fraud back in 2021 at the height of the...