Skip to content

Practical Advice

Strategy, Leadership and Investment

  • Research
    • Global And Macro Issues
    • Markets General
    • Companies
  • Contact

A Little Early to Worry

August 19, 2020August 19, 2020 The Pessimist

August 19, 2020 Watching the many little things that go on in the markets is time consuming but every so often a little nugget comes along that shines a light on potential problems. The macro problems with the economy have been well trod here, but the market has bounded higher, without a care for those… Continue reading A Little Early to Worry

Leave a comment

Gedankenerfahrung

August 18, 2020August 19, 2020 The Pessimist

August 18, 2020 Like many children, I grew up idolizing many people who were proposed as exceptional, one of those was Albert Einstein. While many recognize his theory of relativity and the famous equation E=mc2 it may not be clear that his methodology was just as critical. Gedankenerfahrung is the German for 'thought experiment'. Alongside… Continue reading Gedankenerfahrung

Leave a comment

Bounding To The Top

August 13, 2020 The Pessimist

August 12, 2020 The US markets are back to their all time highs! Great news if you own a lot of equities. It is the fastest drop and climb ever, in the history of markets and it is truly awe inspiring. Unfortunately, the economy is terrible and liquidity is driving investors into a market that… Continue reading Bounding To The Top

Leave a comment

MY GOVERNMENT DID THIS

August 11, 2020August 11, 2020 The Pessimist

August 11, 2020 Reuters published an article about the blast in Lebanon this morning, with a photo of graffiti . . . this was the message of the graffiti, "MY GOVERNMENT DID THIS". The government stepped down yesterday amid the corruption. Many highlight the corruption in Lebanon, but it is worth comparing the devastation in… Continue reading MY GOVERNMENT DID THIS

Leave a comment

That GDP Thing

July 30, 2020July 31, 2020 The Pessimist

July 30, 2020 Having spent many weeks looking for data, contemplating and warning about the effects of COVID-19 on GDP, the day has arrived. The number itself is not really all that important, it is bad. (GDP declined by 32.9% in the second quarter on a year over year basis). The economy remains in very… Continue reading That GDP Thing

Leave a comment

Tesla’s Profits Are Not What They Seem

July 24, 2020August 3, 2020 The Pessimist

July 23, 2020 Tesla reported their Q2 results last night and the market is sounding impressed. Marketwatch has this headline: "Tesla's blowout earnings prompt bulls and bears to boost price targets". The Tesla story has been a long road full of unusual action in markets and the current quarter is no different. The company is… Continue reading Tesla’s Profits Are Not What They Seem

Leave a comment

When The Money Runs Out

July 23, 2020 The Pessimist

July 23, 2020 This blog has run through a number of prior situations where the money runs out and asset prices take a hit. This morning another small example of the downside risks of staying invested just a little too long came to the fore. This morning a fund manager based out of South Africa… Continue reading When The Money Runs Out

Leave a comment

Jumbo Problems

July 23, 2020 The Pessimist

July 23, 2020 There are so many things to write about and nothing good to say, but the facts are the facts and the implications may well prove to be difficult. For those that pull in their horns, there is a good chance that the repercussions of the current crisis may not be too uncomfortable.… Continue reading Jumbo Problems

Leave a comment

So Much For That ‘V’

July 22, 2020July 28, 2020 The Pessimist

July 22, 2020 It is with great regret that I wish to inform you that the 'V' shaped recovery many have been hoping for is not happening. Of course this isn't obvious to those who use the stock markets as a barometer of such things, but for economists, governments and central banks the answer is… Continue reading So Much For That ‘V’

Leave a comment

COVID-19 On the Decline

July 21, 2020July 21, 2020 The Pessimist

July 21, 2020 As always, there is more good news today. Of course the EU agreed to their nearly two trillion euro recovery fund, so the demise of European society has been put off until the next crisis. In other good news, manufacturing in the US should get a boost as China and the US… Continue reading COVID-19 On the Decline

Leave a comment

Posts navigation

Older posts
Newer posts
Blog at WordPress.com.
Practical Advice
Blog at WordPress.com.
Cancel