Published October 2022 Back in June 2021, I wrote a longform piece on the energy sector called, "The Case for a Longer-term Oil and Gas Bull Market". I followed this up with a shorter piece in July 2022 called "Energy: The Area Under the Curve", which emphasized that it was the integral of energy prices (i.e. the time spent elevated) that is … [Read more...]

Published: July 2022 There's a ton of focus in financial media about how high energy prices will go, or how low they will fall. However, I think a lesser-understood aspect of this current energy and inflation problem relates to time. It's not just the high price of energy that matters; it's also the time that it remains at high prices that … [Read more...]

June 12, 2022 Several of the major central banks are stuck in a trap of their own making. This includes the US Federal Reserve, the Bank of Japan, the European Central Bank, and others. The credit-based global financial system we have constructed and participated in over the past century has to continually grow or die. It's like a game of … [Read more...]

Published: March 2022 Money is a surprisingly complex subject. People spend their lives seeking money, and in some ways it seems so straightforward, and yet what humanity has defined as money has changed significantly over the centuries. How could something so simple and so universal, take so many different forms? Source of Icons: … [Read more...]

With debts at record levels around the world, there are folks calling for debt jubilees- the cancellations of certain types of debt. After a period of stabilization, the Congressional Budget Office expects federal debt-to-GDP to eventually reach 200% while deficits structurally continue to grow as a share of GDP: Chart Source: … [Read more...]