SUPD: Elon Musk, AI, Bad Models & Housing
Last week, in anticipation of the FOMC meeting, I hopped into the shed with Pete Dominick, and as always, we BS...
2% Inflation Target is Silly
One of the more foolish arguments1 that seem to be emanating from the Fed about their intention to raise rates another quarter...
America’s Enormous Math Mistake’s Mistake
@TBPInvictus here; Let’s cut to the chase: “America’s Enormous Math Mistake” is a popular video on YouTube...
How to Get Rich in the Markets
Money makes the world go round. Global capital markets (stocks, bonds, private investments, real estate) are worth over $100...
A Dozen Contrarian Thoughts About Inflation
BLS reported the Consumer Price Index was up 3% year over year in June. It has been a near round trip from the prior...
More Inflation Expectations Silliness
This morning, the WSJ reported that “Consumers expect to see 4.1% inflation a year from now, the lowest such reading in two...
Nobody Knows Anything, 2023 First Half Edition
A quick note as the first half of 2023 draws to a close, shocking the locals with its intensity. Why? Because almost nobody...
What Do You Believe? Why?
One of the most important aspects of becoming a good investor is creating a model of the world around you. To do this, you must have good...
The First Rule of Dunning Kruger…
Of all the cognitive errors in behavioral finance and human psychology, the one that creates the most confusion is the...
Foul Mood?
This week saw the release of the Fed’s big annual research report, Economic Well-Being of U.S. Households in 2022....