Author Archives: Steve Kamman

About That “We’ll Close the Strait of Hormuz” Thing…

Iran renewed its oft-repeated threat to close the Strait of Hormuz  2 days ago.  This in response to the US cranking up sanctions to cut off all Iranian oil exports.  Markets and analysts shrugged.  Iran’s made this threat before and … Continue reading

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Elizabeth Warren May Win. Even if She Loses.

Watch Elizabeth Warren.  Whether she gets the Democratic nomination or not, she is methodically driving the agenda.  No matter how many votes she pulls, she’s setting up her ideas to win. Warren is like Sanders in 2016.  Remember that he … Continue reading

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“Secrecy, Self-Dealing, and Greed at the (fill in the blank here).” Feeling Almost Sorry for the NRA.

Sharing this summary (below) from Axios and looking forward to reading the actual New Yorker piece on actual paper when it arrives in the actual mail (quaint I know). It leaves me genuinely sorry for the ordinary people still bankrolling … Continue reading

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Platypus As a Service. Why I Own Atlassian

I recently did a short, intentionally light-hearted Atlassian write-up.  So sharing it here.  I own a big chunk of Atlassian for the reasons below.  I plan to keep it for 5-10 years.  Note, however, that it is very richly valued … Continue reading

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The Squandering of American Soft Power. FAA Down. Is the FDA Next?

We seem to live in a squandering age.  Particularly when it comes to namby pamby intangibles like “trust,” “truth,” and “influence.”  The debacle of the FAA and the 737 MAX aircraft is a particularly depressing example.   Over the course of … Continue reading

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If “Sea Level” Changes, Everything Changes. But How? Tsunami? Land Rush? Japan?

I’m still seeking clarity on what the heck is going on out there with interest rates.  I figured I’d lay out the questions and see if it helps spark any insight. Interest rates matter like sea levels matter.  The tide … Continue reading

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Technical Debt Leading to Technological Bankruptcy. Then Actual Bankruptcy. Cloud Computing Offers a Solution.

I figured I’d share part of an e-mail exchange this morning on the concept of “Technical Debt.” The term is well understood term in technology circles, poorly understood by investors, and totally ignored by accountants.  It explains a lot about … Continue reading

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A Dead Canary In The Telecom Mines. Investors Beware.

Miners used to carry caged Canaries for early warning of toxic gas.  The Canaries would keel over from the gas before the miners would. The Canary here is US Telecom CenturyLink, who recently cut its dividend by 53% while raising … Continue reading

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Amazon’s New York Pullout – The Questions Not Asked. Equity Spin Coming?

In all the comment around Amazon’s decision to cancel their “HQ2” in New York, I’m surprised to see some salient questions un-asked. After such an exhaustive public search, why didn’t Amazon just pivot to the #2 choice? If New York didn’t … Continue reading

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Politics on a Left-Right Axis? No Worries. A Reality-Fantasy Axis? This Must Be Stopped.

A break from musing about monetary policy.  🙂  The main axis of political difference today isn’t left vs. right.  It is Reality vs. Fantasy axis.  A vicious cocktail of cynicism and self-delusion driving real-world policies with real-world consequences. Madness is always … Continue reading

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