Videos & Podcast Of The Week
The Dow's Over Fifty Thou, Google Sells A Century Bond & A Look At Market Cycles And Hard Assets
It has been an interesting week, and I have been a bit preoccupied with the side project I’m working on, but it was hard to miss Pam Bondi’s rant about the Dow being at 50,000. I’m hoping they decide to make capital punishment great again, but chances are that they will kick the can down the road and hope everyone forgets and moves on. As far as markets go, the thing that stood out this week was that Google decided they could fleece investors by selling a century bond denominated in British pounds.
I don’t think there’s a business on Earth that I would lend to for 100 years, especially in fiat currency, but I thought that was an interesting signpost on where things are for the AI spending. One thing I will say is that I have started using some of the different free versions recently, and they are a dramatic improvement over traditional search. Also, if you haven’t watched my podcast with Tommy Lee on Transocean’s RIG 0.00%↑ acquisition of Valaris VAL 0.00%↑, that should now be available for all subscribers.
John Polomny’s Weekly Update
Like always, John’s weekly updates are a must watch. He talks about his contrarian view on global economies heating up, stimulative fiscal/monetary policy, and why growth will surprise to the upside. He also gave an update on Uranium, the recent Transocean acquisition of Valaris, nickel prices, and why we are going to start seeing M&A heat up in the gold miner space. My favorite part every week is when he gets into the political side of things, but he always gives investors a lot to think about and shares what he is paying attention to.
The Business Brew w/ Will Thomson
For a 30,000 foot view and the commodities space, this is the best podcast I have listened to recently. They covered the complex and changing problems in commodities, how policy impacts the different sectors, and how central banks and manipulated interest rates has driven the misallocation of capital. Other factors they talked about was the permitting and regulatory environment, the West’s NIMBY approach to resources (at least until recently in the US), and offshoring many different commodity based industries and supply chains.
At the same time, the West was pushing towards renewables away from traditional forms of energy. We are now starting to repeal of the tax incentives and benefits here in the US for solar and wind. He pointed out that the West hasn’t reinvested in our infrastructure in a significant way for more than fifty years. They also got into several industries, from oil, how they look at gold and the miners, and the shift in copper from a demand driven story to a supply squeeze that is rapidly approaching if it isn’t already here. It’s definitely worth a listen and will give you food for thought on several topics on financial markets and commodities.