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Going on a over a decade faux recovery, we are now in a scenario where central banks are essentially trapped at or near the zero bound. Market signalling is dead, fundamentals don’t matter. Markets are remaining irrational longer than anybody who seeks to eschew the “New Economy” Kool-Aid can stay solvent.
What does the contrarian minded, historically aware, rational value/Austrian minded investor do? Find out here.
The other side of interest rate suppression and financial repression is 10+ years of Cantillon Effects, where new money benefits those who receive it first, leading to an Everything Bubble where financialization and consolidation squeezes out real businesses and the middle class.
It can’t last forever and after it ends it’ll be the real businesses with real models who survive the fallout. Here we talk about being one of them.
It’s hard to imagine that socialism, “The Failed Idea That Never Dies”, is back with a vengeance and enjoying a newfound vogue among the mainstream press and even the political elite.
Make no mistake, this movement has traction and it’s gaining momentum. As always, flame out and crash in a heap ignominious failure. Until it does, things will get worse before they get better, so we’ll look at ways to preserve wealth and property through this approaching dark era.
Remembering The Privateer
The Privateer was "The Private Market Letter for the Individual Capitalist". I remember I started subscribing to it in 2002 or 2003, and continued with it right up until the end, when the Australian Bill Buckler decided to stop publishing it in 2013. Yet another (one of the very few remaining) voice of reason calls it quits after 30 years of writing The Privateer, one of [...]
Pictures of the Socialistic Future
(My fledgling audiobook company just released an audio version of Eugen Richter's 1893 work "Pictures of the Socialistic Future". In order to have an audiobook version of a public domain work accepted into Amazon's Audible store, you have to first make a kindle version and add some unique original content to it, such as a foreward. What follows is my foreward to the 2019 au [...]
Everybody Hates Natural Language Autobots
Lately I've been thinking that I haven't been writing enough here about GuerrillaCap's core mandate - price stability and full employment. Wait, no, that's The Fed, along with ensuring higher stock markets. GuerrillaCap's core mission was supposed to be talking about how small and independent businesses can compete with megacorps. The other night I was thinking about thi [...]
A Conversation with Charles Hugh Smith
As some of you may know, I run a small boutique audiobook publisher called SpokenTome.media and the first few audiobooks we did were by socio-economic commentator Charles Hugh Smith. We just finished three more of Charles' books, so it was an opportune time to have him back on for another podcast. [...]