The shale boom has turned to bust, Silicon Valley’s excesses are unwinding, and the Fed has outspent other central banks.
China will be the final casualty of the dollar bull market.
Should we think of America as a classically troubled emerging market?
While the world balks at America’s failed response to a pandemic, their economic management may yet prove to be superior.
We’re bullish on gold. It is an essential asset to own as a hedge against dollar weakness and a drop in risk assets.
The future is not always a reflection of the present. We believe the bull market has entered its third and perhaps final stage.