6 Comments

I hope that you are well Garrett. I have been following you since Covid including Money Morning Live which was an amazing show. You continue to give amazing insight everyday. You are a great teacher . I see the health references . I hope all is well 🙏🏼

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GB, there is something wrong with this market, I can't put my finger on it. I have many concerns with how the bond market will price in compounded inflation.

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I'm not worried about inflation. It's deflation that's the problem.

A strong dollar (USD) is deflationary for everyone else, and China's crumbling economy (deflationary for the globe). It feels hard to pinpoint it because no one seems to believe it's happening. But China's bond market is telling us otherwise.

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Yes. China's debt deflation issues compounding on top of long-term bond yields rising. Add on the money being soaked into BTC and BTC-related sectors. There are issues related to U.S. and Japanese monetary policies.

Breadth in the S&P 500 is terrible. The market keeps moving up or staying at those major resistance levels, but the number of stocks falling under their 200-day moving average is rising. This is all linked back to China's "Japanification" - which I discussed this morning.

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does MSTR offer anything else to society at this time beside bitcoin valuation? i ask because the market cap (per yahoo finance) is $100B. if all they have to backup this valuation is $46.5B in bitcoin what besides a bidded up stock price justifies this valuation. (and the $46.5B doesnt account for any debt) i guess i am being a bit lazy here and not digging into this thing for myself but a full time job and the rest of life keeps me plenty busy. i am also having a very hard time wrapping my mind around bitcoin/valuation - that's not your issue, i just cant understand something you cant touch, taste, see, hear being worth $100k. i know it exsist but...

Love your work, thank you

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Probably not... unless you count financial engineering and a full display of the failures of the markets in the post-1993 era.

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