The World’s Billionaires Are Buying Into Oil and Gas
It’s classic Washington accounting. They show off big numbers and projections, and promise us that spending a fortune today will somehow save us money in the future. But the problem is… Washington always underestimates the actual cost to the American taxpayer. And it’s happening again with 2022’s “Inflation Reduction Act.” In August 2022, President Biden…
Brandan FurnaceThis Banking Crisis Points to a U.S. Recession
This crisis in the banking sector is not going away anytime soon. And as Mike Carr will tell you, it’s much bigger than Silicon Valley Bank, or even the tech sector at large. Last week, he pointed out that this isn’t a “banking problem.” It’s actually a problem with how venture capitalism works, especially in…
Why 30-Year T-Bonds Are Not a “Risk-Free” Investment
Everybody knows that trading is risky and buying 30-year Treasury bonds is safe. Right? There’s actually an argument for precisely the opposite. Hear me out… Exhibit A is the recent collapse of Silicon Valley Bank (SVB). What was once the 16th largest bank in the U.S. is now the largest bank failure since Washington Mutual’s…
Why the Tech Sector Got Wrecked
Successful startups follow a typical pattern. An entrepreneur has an idea. They start a business. After a short time, the business makes money. Starting the business is challenging. Entrepreneurs generally need capital. Starting a small business on Main Street might require $100,000, for example. To get the money, the founder goes to the bank. Bankers…
Bitcoin Is Your #1 Hedge Against the Federal Reserve
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” This quote by Henry Ford might seem crazy — after all, don’t we all have a simple understanding of how banking works? But when…
Get Ready for the Next 10X Oil Boom!
Today’s financial media is overrun with stories about failing banks and financial risk. Yet five years from now, the only thing investors will remember about 2023 is the outrageous bargain prices on oil and gas companies. We touched on this opportunity in last Wednesday’s issue. In short, investors are worried that recent bank failures might…
Protect Your Investments from the Fed With a “Permanent Portfolio”
The Federal Reserve meets next Wednesday to decide its next move on interest rates. In that meeting, it will quickly become clear how stuck “between a rock and a hard place” they are… And the damaging impact it will have on the portfolios of millions of investors. What’s even worse… The bank crisis of the…
SVB Is Having a “Bear Stearns” Moment, Not a Lehman
Mark Twain is often credited with saying: “History doesn’t repeat itself, but it often rhymes.” This week feels like the second, incomplete line of a poem: First Bear Stearns and Lehman Brothers both went under, Then SVB and ____ tore investors asunder. Silicon Valley Bank’s (SVB) failure rhymes with the 2008 financial crisis. Just not…
Oil and Natural Gas Won’t Stay Down After SVB Fallout
You’ve just witnessed a 21st century bank run … and the panic hasn’t passed. It started with mismanagement and social media panic. It was facilitated by apps on smartphones, which saw $42 billion in deposits leave the bank in one day. By the time it was over, Silicon Valley Bank (SVB) became the second-largest bank…
Is Silicon Valley Bank (SVB) Heralding the Next Financial Crisis?
Amber Lancaster and I even discussed it in our Market Insights video. (If you’re curious how to get access to our relaunched duo video, click here.) I’ve been keeping an eye on it, mostly because it reminds me of my old days back on Wall Street… You might not know this about me, but I…
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