Looking Backwards … LB #1 Henry Kissinger died this week at the age of 100. We have talked about his influence on American politics before and how he was the architect of the Petrodollar system as America battled with high energy prices during the 1970s. It was also the inflation stemming from coming off the …
LBLF
Looking Backwards … at a Thanksgiving week that has left me in a fantastic mood this morning as sensibility and accountability are starting to be restored on this little blue marble, after too much wondering “what the hell is going on around here?” let’s explore… LB #1 The people of the globe are starting to …
Looking Backwards… LB #1 The ad market is broken and it reveals insight to where the puck is going. Axios reports that in media Buzzfeed saw a 35% decline in ad revenue year over year, Dotdash Meredith down 12% and the Wall Street Journal parent down 3%. Major media networks Warner Bros., Comcast/NBC Universal, Paramount, …
Looking Backwards… LB #1 A Friday night dirtie got done after the markets closed when Moody’s downgraded the US outlook to negative from stable. They didn’t go so far as to downgrade our debt which is still triple Aaa but it is the last straw before it does. “While the statement by Moody’s maintains …
Looking Backwards… LB #1 We recently mentioned that the markets were in a fragile place and it turned out the market listened. The Japanese Yen was at the important 150 level and the market went through that level as the Bank of Japan kind of eased off their stance of yield curve control, but not …
Looking Backwards… LB #1 We often talk about what Doomberg says, “Energy is life.” Europe got their energy supply cut off last year and they are feeling the economic consequences, and they will moving forward. Their economy is slowing dying. Their experiment with green energy is blowing up as we speak. Wind energy giant Siemens …
LB #1 Jim Jordan has tried but could not get enough votes this week to become speaker of the house. He was a little too Trump-ish of a firebrand by all accounts. Its been a couple weeks since Matt Gaetz forced a motion to vacate and we still have no speaker and boy are the …
LBLF #1 The US treasury had a very tepid bond auction this week causing rates to skyrocket after days of flight to safety buying amid the escalation of the conflict in the Middle East. The bond market is missing its biggest buyer: the Fed. When you remove the biggest buyer yields will have to rise …
LBLF #1 Hamas attacked Israel by surprise as the world falls further into chaos and conflict. The brutal images of kidnapping, explosions, and civilians being forced to run into the desert for safety are the images we ae consuming this weekend. While we are watching the horrors of war, we try to understand why Hamas …
LBLF #1 Unprofitable companies will soon be going away. Blue Apron goes away LB#2 Cities where these unprofitable companies are located will be going away. The decline of San Francisco LB#3 The crypto story is getting harder to believe JP Morgan turns off crypto in the UK LF#1 AI and other risky stocks are getting …