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History is a funny thing, almost as funny as human nature. The policy makers, including their latest meme of “transitory inflation,” are no exception to such psychological tragi-comedy. In short, we d...

Matthew Piepenburg / June 7, 2021

Sensationalism, like central bankers and policy makers, has many faces, views and voices. This may explain why so many want to hold their ears, hug their knees and beg the heavens for a beacon of guid...

Matthew Piepenburg / May 30, 2021

As technological developments and markets go parabolic, we observe many market “experts”, even intelligent ones, forecasting that we are now in an exponential economic era. Thus many believe that this...

Egon von Greyerz / May 26, 2021

“Everything is on fire” - Heraclitus (535-475 BC)

What Heraclitus meant was that the world is in a constant state of flux. But the...

Egon von Greyerz / May 19, 2021

We’ve written elsewhere about the ironic over-use of logic to justify otherwise illogical biases. As Swiss-based precious metals professionals who see physical gold and silver as currency protection...

Matthew Piepenburg / May 17, 2021

Psychologists, poets and philosophers have written for centuries that many who have eyes refuse to see, and many who can think, refuse to think clearly--all for the simple reason that some truths, lik...

Matthew Piepenburg / May 10, 2021

The number one objective of a US president is to be reelected. To achieve that, it is not enough to be good looking or to speak well. No, the only way to be reelected is to buy votes. The price of v...

Egon von Greyerz / May 5, 2021

Recently, my colleague, Egon von Greyerz, and I had some unabashed yet blunt fun calling out the staggering levels of open hypocrisy and policy desperation unleashed by former Fed Chairman, Alan Green...

Matthew Piepenburg / May 1, 2021

Read my lips: No New Taxes” Bush Sr said in his acceptance speech for his nomination in 1988 when he promised no tax rises. As most politicians, he didn’t keep his...

Egon von Greyerz / April 28, 2021

Below, we consider two well-known names in modern markets, former Fed Chairman Alan Greenspan, and current value investing legend, Jeremy Grantham, co-founder of GMO Investment Strategies. Years ago,...

Matthew Piepenburg / April 24, 2021