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A sharp strengthening of the yen late Wednesday suggested the Bank of Japan was again intervening in the foreign exchange market after it spent an estimated US$35bn to counter yen weakness on Monday. In this video interview, Udith Sikand examines the currency market dynamics to…

Thanks a bunch for having me on. Always a pleasure to catch up with Jesse Day

Went to the private beach with the fiancé yesterday, the fee keeps the obnoxious people out so she can tan in peace and I can read.

Caught up on GaveKal pieces.

Thinking about it this morning, western
policymakers are lost.

They don’t understand how they are losing to Russia.…

I’m going to file a lawsuit challenging the TikTok ban on constitutional grounds.

Don’t be fooled – the TikTok ban is not about China harvesting your data. That’s a smoke screen. Intelligence agencies from lots of countries, especially ours, are harvesting your data from…

Agree with all conclusions
This is brave new world of investing .. old 60/40 models will not work

Via Louis-Vincent Gave

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Always fun to catch up with Paulo Macro Kuppy and Kevin Muir

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Canada is in trouble. This is the ninth budget in a row that depends heavily on excessive borrowed money managed by an obesely bloated federal bureaucracy that is now 40% larger and 68% more costly than when the Liberals took power in 2015.

Unwilling to live within the tax…

Interesting new line item in the Canadian budget…

I think it was Milton Friedman who said that there was « nothing as permanent as a temporary government program ».

Now that the line item is there, anyone care to give odds on whether the total amount ends up being smaller then…

Every week, we (Gavekal) hold a zoominar for clients in which clients ask questions and we try to engage in a discussion. It’s pretty rare that Charles, Anatole and myself end up on the same zoom call. So I thought we would make this one open to everyone.
A note of warning: if…

New post up on the blog (see link in bio). I exchanged this morning with my friend Louis-Vincent Gave of Gavekal about China and tightening rates. He has graciously allowed me to publish our exchange of his views.
Thank you Louis-Vincent Gave !!

Thanks David Lin for having me on. Always enjoy a chat with David Hay, whether on, or off, camera

m.youtube.com/watch?v=zUZnjb…

Well… That’s a wrap… see you boys next decade…

Who could have thought that with budget deficits of 7pc of GDP at a time of full employment, we’d end up with an inflationary boom? What were the odds?

I predict a dire pullback of #Gold and #Silver when the US balances its trade, restructure its debt and balances its budget. 😬

'Just as crypto has gathered pace, the returns on bonds have gone from bad to worse.'

Louis-Vincent Gave 👇 buff.ly/4aDGnp2

Everyone has their chance to be a hero.

J.K. Rowling did it best👇👇