Credit Bubble Stocks

One day, everything in the world economy will be priced in Bitcoin. Or, one day, Bitcoin will be regarded as the biggest bubble that ever wa...

You can see that when gold peaked out in 1980, it peaked out, at least from a yearly price point of view at 2.5x production cost. We know go...

Many of us still recall the story of Belshazzar’s feast, in which the foolish king’s crime was to take sacred vessels plundered from the Tem...

Let’s suppose that the Gospels really are a historical account of real people and events, and not some later invention. Well the Gospels are...

Even free storage isn't helpful if the cost of energy from the solar arrays is more than natural gas. Lazard's yearly report is the ...

It’s interesting to think about the risk and return characteristics of leveraged relative-value trades compared to long-only trades, like ow...

Read 15 books this quarter. Two main themes: demographics (3) and financial services companies and banking (4). [See also first quarter 2025...