⛏ Recession Watch

Can Energy Become Money?
Every few years someone proposes that money is about to be reinvented. This cycle it’s energy. The AI build-out runs on power. Robots will do the work. The car charges instead of fills. So why not make the kilowatt-hour or the joule the unit of account? Read on »

Gold & Silver Stabilize After Two Week Slide
Gold and silver are attempting to stabilize after enduring a sharp correction over the past two weeks. Today's trading action offers the first meaningful sign that selling pressure may be beginning to exhaust itself. While both metals remain well below their spring highs, buyers stepped back into the market as bargain hunting emerged following one of the steepest pullbacks of the year. Read on »

Recession Watch: Three Big Things
The markets are, ahem, unsettled these days. But the Iran war isn’t the main culprit. Three other events are potentially both scarier and longer-lasting. To sum up, tighter money is on a collision course with evaporating Big Tech cash flow and excessively exuberant stock valuations. In a rational world, this would cause an equity bear market followed by a recession. Read on »