The Crisis Issue In this week’s 5 Things we examine a possible government debt default, a possible coming recession, the Federal Reserve’s continuing insistence that we’re not getting a pivot, and the possibility that AI destroys humanity (or at least the stock market). Let’s dive in… 1) Nvidia Earnings Good – Guidance Great ($NVDA) Graphics … Read more
This post originally appeared on May 23, 2023. Introduction: For those of you who don’t follow the daily hyperventilating financial press, the big news during the last few weeks has been the potential debt default by the US government that will roil financial markets, make international trade uncertain, and cause a worldwide recession or worse. … Read more
The Corporate Earnings Issue Company earnings this week tell us a lot more about the economy and the health of the consumer. The housing market remains largely locked-up with falling transaction volume. Fed Governors now agreeing with DKI. (I know – I didn’t expect to write that either.) Plus, there’s a new stock writeup on … Read more
The Macro Issue (Again) Lots of new macro data this week with less company news. In a trend we’ve been highlighting for 6 months, the data is inconsistent. The good news is whether you’d like to see higher rates, lower rates, a stronger economy, a weaker economy, or a better/worse labor market, there’s something to … Read more
The AI Issue This week we have data and analysis of the latest (and possibly last) Fed hike of this cycle, consistently inconsistent economic data (particularly when it comes to the employment picture), and our continuing disagreement with the market regarding whether Jerome Powell is serious when he says “higher for longer”. However, we think … Read more
The Reserve Currency Issue DKI started writing about issues regarding the status of the dollar as the world’s reserve currency over a year ago, and it’s been a regular topic of commentary on the blog. This week, we’ll examine some of the key issues surrounding the long-term health of the dollar as well as recent … Read more
This post originally appeared on April 24, 2023. Introduction: DKI has been writing about the danger to the dollar as the world’s reserve currency for over a year and on more than a dozen occasions. From a piece we published earlier this month: Most notably, I gave an hour-long lecture at the Institute for World … Read more
The Disaster Edition! Sorry for the clickbait headline. We don’t have an actual disaster right now; just a few potential ones. If you’ve been sleeping too well at night, then keep reading. We’ll tell you the things that should be worrying you. Don’t want to worry too much? No problem – Just subscribe to DKI … Read more