Recession Risk, Trump Says “Buy,” and the Everything Code

There’s a classic Phil Knight (co-founder and former CEO of Nike) quote that goes something like, “everyone was looking for the next Michael Jordan on the basketball court, but he was walking down the fairway.” In other words, everyone was wondering who the next generationally dominant basketball player would be, assuming that would be the next big

... See more

A mentor of mine once told me that the market would do whatever it could to cause the most pain to the most people. One way to do that would be to allow deflation to develop over the next few quarters or years, thereby probably affecting many investment classes, before inflation and then stagflation become (hopefully) the end of our perilous journe

... See more