Few things describe today’s market better than this proposed “marriage” of a lingerie company with an electric vehicle startup: Would this kind of stuff be happening if interest rates weren’t forced to historical lows? We think you know the answer…   REMEMBER THE SPAC BOOM? The above merger is just the tip of the giant SPAC iceberg. You probably remember SPACs (or blank check companies) were all the rage earlier this year, attracting big-name underwriters and investors and raising record amounts

A few weeks ago we highlighted the ironically prescient “Making Coal History” cover of The Economist. As a refresher, it literally bottom ticked the coal market. Now, they’re back with another doozy of a cover. The reason we find it so mind-blowing is because in the midst of a global energy crisis (the one we have been warning about for the last 3 years), these dolts come to the following conclusion: Spending on renewables needs to rise. And the supply

  FOOD PRICES: WHAT HAPPENS WITH OIL AT $100? Did you notice how your grocery bills have risen “a little” over the past year? Considering that what you pay in the supermarket is the end of the value chain — which is 6-12 months in the making — the prices are going to be a hell of a lot higher 6-12 months from now. Our friend Tracy (aka @chigirl) pointed out something that seems to be lost on our political leaders… Given

  MAKING HISTORY We highlighted the predictive power of magazine covers in these missives before. More often than not, they tend to time market tops (and bottoms) with stunning accuracy. The following gem adorned the cover of The Economist in early December 2020. The political class in power has been hellbent on making coal history. Instead, coal is making history. And not in the way the pointy-shoes had intended. And not just that. The above cover nailed the beginning of a

While cheerleaders of the “green economy” would have you believe that you’re either out of your mind to invest in coal… or a reader of ours (or both), this is happening in the world. You really can’t make this sh*t up. The thing that should be as exciting to you as being elected to judge a wet t-shirt contest featuring Scarlett Johannson is the fact that, while coal prices have been doing what we promised they’d do (go higher), coal

  HIGH YIELD: A LOSING PROPOSITION Take a look at this chart and then ask yourself what happens when folks wake to the reality that inflation is transitory in the same way as tofu is tasty? Suddenly, that capital seeks inflation protection, that’s what.   NO LOVE FOR COMMODITIES Now, where could that capital seek a safe haven? Hint… For the majority of investors out there, commodities are still as hated as ever. To get a better sense of just how out