Look at the chart below. I took this from Dave Hay’s substack, some of which is behind a paywall. In what must be one of the most futile and poorly timed gestures towards climate change political correctness, Germany’s last nuclear reactor seems to have been shut down last year. I’ve heard there are noises being […]
Germany’s Nuclear Reactors Read More »
David Kotok is a very bright man. I know David because for some reason I started communicating with him and found myself invited to Camp Kotok, which I regret I’m not going to this summer. Anyway, he just posted this three minute video on you tube. Please watch it.
Iran as a Religious War Read More »
This was most recently quoted by John Hussman in his article “Equilibrium and the Dentist in Poughkeepsie.” I highly recommend his occasional articles. No charge to sign up. Graham and Dodd were the authors of Security Analysis, the still in print bible of value investing. A Warren Buffet favorite. “Strictly speaking, there can be no
It Appears We’ve Learned Nothing About Investing. Read More »
This interactive chart uses data provided by the Bureau of Labor Statistics and analyzed by Gemini (irony noted) to shows the potential AI impact according to the scale on the left side of the chart. The size of each boxes represent the number of jobs compared to all other job categories. The color is the
AI Exposure of the U.S. Job Market Read More »
Publius Cornelius Tacitus, a Roman historian and politician, was born around 56 A.D. In his book Annals, he described some economic dislocation that occurred in Rome around 33 AD. Read these two paragraphs slowly. Anything ring a bell? Sound at all familiar? It’s always, always, always the same when too much debt accumulates. Eventually, the
Lessons From Tacitus Read More »
This is from David Halberstam’s book The Best and the Brightest.
When people talk about invading Cuba, I remember this quote: Read More »
I spotted this on 1/22/26 in a post by Torsten Slok. Free to sign up for his daily posts. We hear about all the younger people who are living with their parents, but then we see this chart. I worry they are all baby boomers.
Only one person in 29% of U.S. Households- Note the Trend Read More »
This is one of the reasons I never expected demand for oil and gas to go away or even decline much. It is a fungible commodity. If you don’t want it, somebody else trying to live better will buy it.
Energy Consumption Required for Improved Living Standards Read More »
Today (January 3, 2026) Jesse Felder (link to signup for Jesse’s free publication is on my links page) posted this rather concerning list of factors suggesting the stock market was coming to the end. When. Neither Jesse or I know. But we are both increasingly worried, and I’m positioning family investments for that inevitability. Jesse
Close to the End of the Bull Market? Read More »
Two freelance journalists in this Ukrainian city filmed and produced this award winning documentary on the first 20 days of the Russian invasion. It’s 90 minutes long. Hard to watch, but necessary to watch. They were lucky to get out. Here’s the link.
20 Days in Mariupol Read More »