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What Are Dr. Michael Burry’s Thoughts About Market Values? Part II
Executive Summary This week continues the review of Dr. Michael Burry’s paper explaining some reasons why stock market valuations have set a [...]
What Are Dr. Michael Burry’s Thoughts About Market Values?
Executive Summary This newsletter highlights sections of Dr. Burry’s (famed investor of the movie The Big Short) paper titled: “Foundations: U.S. Market [...]
What is the Impact of Higher Mortgage Rates?
Executive Summary While last week the Fed decided not to change the Fed Funds Rate (the only one they control), long-term rates [...]
Is the Stock Market Rolling Over?
Executive Summary The shock to the oil market created by the war with Iran is increasing fear in the markets. However, some [...]
Will Oil Prices Spark Inflation?
Executive Summary Prior to the war with Iran, oil prices hovered around $60 per barrel. Upon attacks on Iran’s oil facilities and [...]
What is Currency Debasement? (Part 5 – Conclusion)
Executive Summary In this conclusion of the series on Currency Debasement (Part 5), I will cover what it would take to have [...]
What is Currency Debasement? (Part 4 – Foreign Exchange)
Executive Summary This week (Part 4) will focus on the risk of U.S. dollar debasement from external, foreign-exchange forces rather than domestic [...]
What is Currency Debasement? (Part 3 – Debt)
Executive Summary In this Part 3 missive on currency debasement, I will focus on the U.S. debt picture and what is necessary [...]
What is Currency Debasement? (Part 2)
Executive Summary Last week I introduced the concept of currency debasement, or the loss of purchasing power of the dollar. I stated [...]