A Short History Of The Growth Inflation Framework

On the front page of our website we go over the basic version of our process. The first two steps involve figuring out how close we are to a recession and where are we in the business cycle. A large part of our process for the second step involves the growth/inflation matrix. The other day we got an e-mail from …

Is Bitcoin The Future Or The Past?

With the latest crash in crypto here are some thoughts on Bitcoin moving forward. We have some general crypto thoughts at the end, but the bulk of this is in regards to Bitcoin specifically. I also did everything in my power to constrain myself from a 20 page rant on both Elon and Davos Man, and stick to the topic …

This Time Is Always Different, The Key Is To Decide By How Much

Long enough title? William Shakespeare is my 1st cousin, 14x removed. Whatever talent we share, it is clearly not titling blog posts. But then what does he know about markets? In every business cycle, there are things that are different, but with hindsight that difference is rarely as large as it seemed like it might be at the time. In …

Gold, Inflation, and Killing Sacred Cows

  Gold has been an issue for centuries. Whether you were wandering the desert back when Moses went up to Mt Sinai, a miner losing his shirt in the California gold rush, or an investor today it has been hard to know what the truth about gold and what you should or should not do. Just like in the time …