Monthly Archives: April 2020

There are three basic inputs to any economy.  Land, Labor, and Capital.  This crisis is a massive economic shock.  So who takes the hit?  Land?  Labor?  Capital?  That is the un-stated question driving the whole “re-start the economy” debate. 81% … Continue reading →

I keep running into variations on the “quick in and out” economic scenario.  Most disturbingly among professional investors and other people who should know better.  Per prior posts, I think this reflects a consensus that hasn’t moved past the “Denial” … Continue reading →

I did a “starve the beast” post from a few weeks ago. “We starved the beast.  And suddenly we find we need it.  But no amount of whipping is going to get it moving any faster than the starved, weak, … Continue reading →

To date, I’ve seen far too much amateur epidemiology and surprisingly little economic analysis around Coronavirus.  Even the econ blogs I follow have fallen victim to this disease (armchair virology, not Coronavirus).  In doing so, they have also fallen strangely … Continue reading →

Someone with more emotional intelligence than I noted that my last blog post could have read as saying; “I’m selling out now because I know I’ll be able to call the bottom again (because I am oh-so-smart).” That was absolutely … Continue reading →