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May 2024

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The AI Renaissance in America’s “Forgotten” Region

Every AI company that has reached a $1 trillion market cap has showered its investors with wealth-building opportunities. Our Freeport Society friend and Global Macro specialist Eric Fry believes he has found the next one. It’s a company that’s using a new application of AI and he believes it will revolutionize a $13.1 trillion industry.

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The Destructive Power of the “Right” Man for the Job

It wasn’t that long ago that the sun never set on the British Empire… or that Spain was the richest country in the world… or that the Ottoman Empire was a wellspring of art, science, and medicine. Every empire falls… eventually. Unfortunately, it looks like the time of the U.S. Empire has come.

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[Sunday Reads] Catastrophism Versus Catastrophe

Volatility has been spiking over the past month as Wall Street is pricing in the reality that we might not see rate cuts at all this year. That’s bad right? No. Or at least not if you know how to trade it. Volatility can be a trader’s best friend. Here’s how…

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[Weekend Roundup] Rather Than Flee Kansas…

It seems like the Yellow Brick Road has led us to a place where “home” comes with a hefty price tag. You know the scene in The Wizard of Oz. The one where Dorothy clicks her heels, longing for the simplicity of her old life? Well, in this economy, that simplicity is becoming more impractical by the day…

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A Serious Probability Error

Powell presents an image of being in control. He may even believe it himself! But the events of the past four years have made it clear that Powell is no shadowy puppet master bending the economy to his will. He’s a hapless schmuck reacting to every crisis while never managing to get ahead of it. So what now?