Inflection Point (Part 3): The Ultimate Cryptocurrency Surprise It’s pretty tough to recall a historical example of an “asset class” that has generated as much controversy as Cryptocurrencies. On the one hand, established Wall Street veterans, such as J. P. Morgan Chase Bank CEO Jamie Dimon, have called Bitcoin a “fraud” (https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html). Others, such as […]
Inflection Point (Part 2): Financial Assets Give Way to Hard Assets Recently, we outlined the case for why equity prices may be at an historical Inflection Point (https://markonomics101.com/2018/07/12/inflection-point-part-1-the-long-term-equity-valuation-cycle/). Both Price Earnings multiples (PEs) and Earnings themselves have very little apparent upside while being highly susceptible to a reversion to their long-run means. Such a […]
Inflection Point: (Part 1) The Long Term Equity Valuation Cycle Most market participants would probably be inclined to agree that the markets move in somewhat cyclical fashion, but that’s about where the agreement ends. Practitioners of cycle theory include those who ascribe to what’s known as “Elliot Wave Theory” with Robert Prechter’s “Elliott Wave Theorist” […]
Can Anyone Win A “Trade War”? In the famous movie “War Of The Roses”, Danny DeVito plays a divorce attorney who imparts some incredibly insightful advice: “In a divorce there are NO WINNERS, just degrees of losing”. He might as well have been talking about Trade Wars. If you enjoyed and absorbed our piece yesterday […]
The 9 Laws Of Markonomics While understanding the economy and the political economy seems like an enormous and complex undertaking. it is not. Students spend years only to learn very little of practical value, but the topic itself is very intuitive and can be explained in such a way that even a high school dropout […]
