CRYPTOMANIA We highlighted the curious case of Dogecoin last week. Just $1,000 into what started as a joke cryptocurrency at the start of the year would now be enough to buy a Tesla. Have you ever seen a chart like this before which ended well? We haven’t. As Chris put it in his last note to Insider members: Folks, this is a mania. Like all manias before it this one has been spurred on by enthusiastic promoters. I get it. Heck, I’m
🥊 SPACS ARE GETTING SPANKED It was just a few weeks ago when SPACs were all the rage and we saw headlines like these: What a wonderful contrarian indicator that was. Whenever you see the media crowning the next Warren Buffett, we are probably either close to the top or the top is already in. In the case of SPACs, it took just a few short weeks for the whole thing to come unglued. And the “next Buffett”? “All six
♻️ GOING GREEN? NOT SO FAST! People with experience in politics and none in business tell us oil and gas and coal are energy sources of the yesteryear and we’re instead “going green.“ Not to be a wet blanket, but here’s where our energy currently comes from: We’re being told those tiny slivers of yellow and blue will power everything by 2030. Hmm… 🌎 DECARBONIZATION: THAT DOG WON’T HUNT Then there’s another “tiny” obstacle standing in the way of the world
In this line of work I have been fortunate to meet some of the most interesting and intelligent folks to walk this planet. One such gent I’ve more recently had the pleasure of speaking with on a regular basis is the extraordinarily eloquent mind of Tim Price of Price Value Partners. Some time ago Tim wrote this piece I’d like to share with you. It is as extraordinarily timely right here, right now. This is not some game. You get
Our leaders have taken us down a path that only has one ending, regardless of how rosy a picture they paint. Expect wealth confiscation, destruction of the middle class, as everyone finds out what really happens when debt is “cancelled”.