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Anthony Canale & Jim Grant: Debt Covenants Worse Than Housing Bubble
Bond holders are going to end up being the bag holders for this era’s reckless monetary and fiscal policy
Map: The Exploration of the World
How surprisingly long it took for Western explorers to reach northern North America, the poles, the Amazon and Congo rainforests, and South East Asia
Global Food Inflation Is Spiking, Up Roughly 15% Since Early 2019
Global food prices are up roughly 15% since the start of 2019
The Meteoric Return of Retail Trading
The retail investor has returned en masse to the most expensive market in American history
Nuremberg – 1493
One of the first printed books, a so-called incunable, and among the first to incorporate images and text
South Korea’s Population Now Shrinking
A declining population means fewer workers supporting more debt and dependents
The Entire Bull Market Has Occurred During Overnight Trading
The entire recovery since March has been after hours
The Balance of Political Power in 2021 and 2022
Just opinions…
The Death of the Copper/Gold vs. 10-Year Correlation?
The Copper/Gold ratio has transitioned from useful proxy for the 10-year to a measure of how much interest rates will rise when the Fed ends its monetization crusade