DKI to be Interviewed by Invested.dk
Hi All, I’ll be speaking with Invested.dk about oil, gold, currency, and portfolio hedging on Tuesday, June 28th at 2pm Eastern time. If you’d like to listen in, you can register here: https://attendee.gotowebinar.com/register/6123050936335466510 . Thanks to Invested.dk. Looking forward to the conversation!
Despite Continued Nonsense, the New CPI is “Unexpectedly” High
The U.S. Bureau of Labor Statistics reported a May Consumer Price Index (CPI) of 8.6%. This was above last month’s 8.3%, representing an increase in inflation as opposed to the hoped-for decrease. Market forecasters were expecting 8.2%. and Yahoo Finance described the 8.6% number as “unexpectedly” high. This wouldn’t have been “unexpected” to any reader … Read more
Twitter Update – A Cynical Analysis
Last week, we wrote that we thought the probability of Elon Musk completing his acquisition of Twitter (ticker: TWTR) for the agreed $54.20 per share price was remote, and argued that Twitter management’s unwillingness to provide backup for their claim that fake accounts were less than 5% was an indication that this was a real … Read more
Rare Guest Post – What Are The Dangers And Rewards Of Doubling Down On Your Investments?
I’ve talked investment ideas on occasion with Gary Mishuris of Silver Ring Value Partners for many years. He’s one of the most disciplined investors I know with a very clear idea of what makes a good stock idea. Gary is also one of the best at explaining complicated investment ideas in an uncomplicated way. With … Read more
More Misleading Headlines on the Value of the Dollar
Two weeks ago, we wrote about a Wall Street Journal piece titled “Surging Dollar Raises Possibility of Parity With Euro” which explained that the dollar was strengthening against the Euro. Today, the paper printed a new article titled “Dollar’s Climb Stalls Amid Mixed Economic Signals” explaining “The WSJ Dollar Index, which measures the dollar against … Read more
“Hurricane” Dimon is Late and Without a Plan
Last week, JP Morgan Chase CEO, Jamie Dimon, said that the economy is “sunny” at the moment but predicted there’s a storm coming. He just doesn’t know if it will be a big storm or a small one. He advised that investors “brace themselves” for the coming hurricane while noting he didn’t know if it … Read more