Sitemap - 2026 - Capital Flows and Asset Markets
THE TREAURY BUYBACK IS TOO SMALL
WHAT TO DO ABOUT THE YEN? PART 2
IS IT THE END OF THE ROAD FOR GLD/TLT?
DO RISING YIELDS ACTUALLY AFFECT STOCKS?
Chapter 8 - Competition Driven Shorts Beat Macro Shorts
WHAT JAPAN TELLS US ABOUT US TREASURIES
NOT THE BEGINNING OF THE END, BUT PROBABLY THE END OF BEGINNING
Chapter 7 - In a Bull Market, the Most Bullish Wins. In a Bear Market the Most Bearish Wins.
THE CREDIT MARKETS PUZZLE ME - BUT EQUITIES PUZZLE ME MORE
WHAT'S THE DEAL WITH THE YEN INTERVENTION?
CONFIRMED - SEMIS ARE THE NEW OIL
GETTING DOWN TO THE HEART OF THE AI TRADE
SHOULD YOU SHORT MEMORY STOCKS?
HYPERSCALER COST OF CAPITAL IS RISING - WHAT HAPPENS NEXT?
WHAT DO AUTOCALLABLES SAY ABOUT THE KOSPI AND THE NIKKEI
WHAT DOES IT MEAN WHEN HEDGE FUND MANAGERS ARE WRONG?
IS THE GREAT SEMICODUCTOR BEAR MARKET UPON US?
WHAT DRIVES SOVEREIGN BOND YIELDS?
6 - Strategy is How You Compensate for Natural Disadvantages
FROM THE ARCHIVE - JAPANESE SELF CONSUMING REITS
IS US ENERGY POLICY A DEAD END?
FROM THE ARCHIVE - IS GOLD BUYING A LEADING INDICATOR OF FINANCIAL DISTRESS?
FROM THE ARCHIVE - PEAK OIL PRICE
IS IT FINALLY TIME FOR THE TREASURY MARKET TO CRACK?
HOW DO MARKETS TOP? HAS THE US TOPPED OUT?
TRACKING CHINA RETAIL GOLD FLOWS
5 - Markets are Always Sending a Signal; You Just May Not Be Ready to Receive It
THE AI BULL AND BEAR CASE FOR DUMMIES
MORE THOUGHTS ON GLD/TLT AND A CLARIFICATION ON FOOD INFLATION
RED PILL/BLUE PILL TIME..... AGAIN
IT'S PROBABLY TIME TO PUT THE WEAK DOLLAR TRADE ON AGAIN
LEVERAGED ETFS WILL BE A PROBLEM
MOST OF THE BIG CALLS HAVE BEEN RIGHT - SO WHERE TO FROM HERE? PART I
QUANTUM COMPUTING AND BULL MARKETS
THE ECONOMIST, CLEARINGHOUSES AND GLD/TLT
4 - If You Don’t Trust the Currency, Don’t Trust the Market
AI AND THE RISING COST OF CAPITAL
SHOULD I SWITCH FROM GOLD TO COPPER?
IS FERTILITY DECLINING BECAUSE WE DON'T NEED HUMANS FOR LABOUR ANYMORE?
IS THE PRO-LABOUR TRADE WORKING?
WHAT'S THE DEAL WITH SOFTBANK?
SPACEX, COST OF CAPITAL AND AI
3 - Capital Flows Create Their Own Bull Market
REASON 314 OF WHY YOU SHOULD READ THE ECONOMIST BACKWARDS
TLT IS FINALLY WORKING - SHOULD I DITCH GLD?
SOFTBANK, YOU ARE THE WEAKEST LINK. GOODBYE.
TRYING TO PRICE TOTAL AI MARKET
IS SOFTBANK THE SOFT FLANK OF AI?
2 - Markets Are Driven by Politics, Not Economics
"IT'S ONLY WAFER THIN" - "ALRIGHT THEN, BUY ME SOME WAFER STOCKS"
MAYBE FOOD INFLATION IS THE KEY
LAST CALL FOR INVESTOR DAY - APRIL 23RD
EASTER ESSAY - THE DEINSTITUTIONALISATION OF SOCIETY
IS GOLD GOING TO GET THE BITCOIN TREATMENT?
CENTRAL BANKS ONLY FEAR FOOD INFLATION
THE IRAN WAR - WHAT'S THE ENDGAME?
MORE THOUGHTS ON GLD/TLT AND WAR IN IRAN
COST OF CAPITAL TRADE OR ENERGY SECURITY TRADE?
GLD/TLT IS ACTUALLY DOING WHAT IT WAS SUPPOSED TO DO
WAR! GLD/TLT WHAT IS GOOD FOR? ABSOLUTELY NOTHING
IS IT REALLY DIFFERENT THIS TIME?
THE MARKET ALWAYS KNOWS - IRAN VERSION
WHAT THE HELL IS HAPPENING IN ASIA?
APRIL 23RD - SAVE THE DATE - INVESTOR DAY
SO CHINA IS STILL BUYING TREASURIES?
THE CHANGING NATURE OF MARKETS AND SHORT SELLING
CAN AI BE A BUBBLE LIKE THE DOT COM BUST?
DO I LIKE EMERGING MARKETS HERE?
IS THE BOND BEAR MARKET OVER? PART II
PRO-LABOUR? OR CAPITAL SCARCITY? DOES IT MATTER?
A LONG IDEA TO PAIR WITH A SHORT IDEA
WHAT THE HELL IS HAPPENING WITH KOREAN VOLATILITY?
TRADING THE REACTION - PUTTING ON A SHORT
IS PASSIVE REALLY THE BAD GUY?
DEATH OF THE BOND MARKET - A FOUR PART MOVEMENT