Matt's Publications

For quite some time we have been warning about the rising shark fin of rising yields and rates. As of this writing, one can almost hear John Williams’ orchestral theme song to Jaws ringing in the ear...

Matthew Piepenburg / March 12, 2021

Despite a penchant for double-speak that would make a politician blush, the Fed tells us that its primary focus is unemployment not inflation. Let me remind readers, however, that an openly nervous Mr...

Matthew Piepenburg / March 9, 2021

I’ve often joked that fretting over delusional price moves in individual stock names in a market Twilight Zone is akin to fretting over the desert choices on the Titanic’s dinner menu.

Matthew Piepenburg / March 1, 2021

Just over four years ago, as Bitcoin was making its first big moves in both price and public perception, John Hussman of Hussman Investment Trust penned a lengthy as well as seminal report entitled, “...

Matthew Piepenburg / February 22, 2021

Oft sind es die unerwarteten Quellen, die uns Markteinblicke gewähren. Einer der populärsten, ja innig geliebten Harvard-Professoren war beispielsweise kein Ökonom, sondern der brillante (und somit a...

Matthew Piepenburg / February 14, 2021

Regardless of one’s politics, most would agree that extremely complex issues are typically given extremely misleading titles. Not all those of the extreme left, for example, are all that “woke” and no...

Matthew Piepenburg / February 12, 2021

Mark Twain once quipped that a lie can travel around the world faster than it takes the truth to put its boots on. But now the truth behind years and years of open lies masquerading as fiscal or monet...

Matthew Piepenburg / February 10, 2021

Breaking Up is Hard to Do - In markets, as in love, it’s obviously hard to let go of something familiar yet clearly not working; but as all sober romantics eventually discover: Toxic relationsh...

Matthew Piepenburg / February 8, 2021

Market insights often come from unexpected sources. One of Harvard’s most beloved and popular professors, for example, was not an economist, but the brilliant (and thus controversial) campus philosoph...

Matthew Piepenburg / January 29, 2021

Most law graduates share a capacity to argue two-sides of any case, regardless of their own primary conviction. When it comes to gold, my verdict as to its ultimate price direction (upwards) and its h...

Matthew Piepenburg / January 25, 2021

For anyone inside or outside of the U.S., it goes without saying that things are indeed heating up in the land of the free. President Trump faces an unprecedented second impeachment just days before...

Matthew Piepenburg / January 18, 2021

As we say goodbye to 2020 and look toward 2021, the key numbers on my screen and mind have nothing to do with dates yet everything to do with this: 14. 14 is the number of trillions by which the aggre...

Matthew Piepenburg / January 6, 2021