Newsletter

The world’s 3rd richest man accused of running a scam. Have we reached peak China?. China’s exports to the US set new records in 2022. What happens in the US matters for the rest of the world. There is value in disagreement.

High US teen employment shows Fed isn’t done. New data suggests trouble for the US housing market. Amazon’s revenue is larger than 70 countries’ GDP. India is the next global growth engine. The dirty extraction of minerals for green energy.

The most expected recession in history. US stocks have seen inflows, and Europe has seen outflows. It’s not only US stocks that perform over time. Korea has a sober energy policy. • Eggs have become expensive, or have they?

Europe is highly dependent on gas. Luckily, the winter has been mild so far in Europe. US mortgage rates are at a level not seen for a long time. The Japanese Yen has rebounded. 2022 was an awful year for a stock + bond portfolio.

I wish you a prosperous 2023!

I’d like to wish you a Merry Christmas if you’re celebrating. Either way, I hope you have a good time with your loved ones.

US inflation was “only” at 7.1%. Seems like the CPI numbers were leaked. It’s worth keeping an eye on Real Estate. EIA forecasts solar power to be no. 1 by 2027. Vanguard is getting out of climate alliance.

Non-traded REITs see a massive rise in redemptions. Blackstone’s US$69bn BREIT limits redemptions. Wait, what? Wasn’t EV the way to stay ESG compliant? Indian stocks are going strong. THE TWITTER FILES.

Earnings recession to come. US housing prices take a massive hit. Chinese protest in the streets. Dutch farmers are not only getting killed by ESG. The Green leaders are burning tons of coal.

WACC for S&P 500 firms is up by 50%. US housing prices are falling. Mortgage appraisals in the US are positively skewed. Beyond meat, more like beyond profit. We’re not yet at the bottom of this bear.