Here you can find my public archive
One of the recurring themes of this report over the last few months was that the world was in recession and that the great asset inflation period, which began in 1981 when interest rates around the world topped out, was coming to an end. Obviously, the majority of investors disagree with this recessionary scenario and the negative return in real…
Every four years, most people around the world are captivated by the FIFA World Cup, which recently began in Qatar. Although soccer unlike “Polo”, which is considered “the sport of kings,” is not a “high class” game, it is by far the most popular game around the world and the FIFA World Cup is the most watched show on earth. According to FIFA, the…
A well-known China basher who in 2001 already published a book entitled The Coming Collapse of China, dead-ahead of China’s rapid growth and development opined a few years ago, that China achieved its current trade surplus with the United States through “lying, cheating, and stealing.” When I discussed these claims with my friend Adrian Day he…
The other day Paul du Quenoy wrote in The Spectator about Martha’s Vineyard and the fraud of the rich white liberal and asked the questions, “Where’s their compassion? Where’s their inclusion?” Du Quenoy further observed that, “Those white liberals are now entertaining the world with the most amusing mass meltdown in some time. As natural…
Recently, 94-years old Henry Kaufman (the original Dr. Doom), stated in a Financial Times Interview that the Fed has “long way to go” on inflation because the Federal Reserve chair Jay Powell waited for too long before supporting higher rates. He added that “today’s Fed under Jay Powell is failing to combat inflation with the resolve displayed by…
What I find rather fascinating about markets is how at different times investors follow completely different indicators. In the 1970s inflationary environment, investors were captivated by interest rate movements and by consumer price inflation data. Inflation had begun to accelerate in the sixties and reached an initial peak in 1970. Thereafter,…
“If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.” Alan Greenspan “Bernanke Is Fighting the Last War” – “Everything works much better when wrong decisions are punished and good…
Since people are suddenly so concerned about fake news, disinformation, and misinformation by major media outlets, I thought of addressing some issues we should be aware of. First, we should all realize that disinformation and propaganda have existed in every society from the earliest time of human history. People have been extremely receptive to…
The American geopolitical strategist and historian Hal Brands recently penned a column for Bloomberg entitled U.S. Can’t Let Russia Get a Sphere of Influence. The view that the US can’t let Russia get a sphere of influence is nothing new but based on the ill-conceived Wolfowitz Doctrine, which makes it clear that “the price of world peace is the…
“Most people do not really want freedom, because freedom involves responsibility, and most people are frightened of responsibility,” wrote the Austrian founder of psychoanalysis Sigmund Freud. Being a strong supporter of free markets and a protagonist of the capitalistic system, Feud’s observation should cause me great discomfort. But then I think…
Marc Faber