Author Archives: Steve Kamman

I am setting out on a drive across the USA to Virginia to visit the in-laws.  Maintaining our quarantine bubble in a 19 foot Sprinter RV that a friend was generous (and crazy) enough to lend us.  With a 5 … Continue reading →

We’ve all seen the “USA is in Global Decline Versus China” pieces.  Now mostly with a COVID spin on them.  I wrote this up as a strawman counter-argument.  I’m not entirely sure I believe this argument, but figured I’d share … Continue reading →

Stripped of euphemism, America has pretty clearly made a choice.  To “save the wealth (ahem) “the economy!” at the expense of “a few million dead.”  Chasing the possible chimera of herd immunity. The problem is that is a false choice.  … Continue reading →

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 →

I am tired/frustrated/surprised when I hear people say “Well, we don’t really know what will happen [about the next 6-12 months].”  That simply isn’t true. A lot of people are going to die.  The economy is going to take a … Continue reading →

I’ve recently sold all my index funds and am holding on to only two stocks (more on those in a later post).  The reason why experts (correctly) tell you NOT to do this is because people “never” buy back in.  … Continue reading →