As the new case counts decline and vaccination numbers march forward in the United States, we can see the end of the coronavirus pandemic on the horizon, at least domestically. A few other countries are also doing well, led by Israel, Seychelles, United Arab Emirates, Bhutan, Chile, the United Kingdom, Serbia, and Hungary. (As an Read More
Posts by Jakub Rehor - Portfolio Manager
View from Crystal Bay: Is the Global Trade Cycle Coming Turning a Corner?
Investors aren’t limited to only investing in the S&P 500 and the Dow Jones Industrial Average. Every week we share the market trends we are following. We are interested in whether the trends in those markets are continuing or if they are experiencing a temporary or complete reversal. When we identify trends, we are only Read More
View from Crystal Bay: “Cash is Trash” What About Bonds?
Ray Dalio is the founder and Chief Investment Officer of Bridgewater Associates, the world’s largest macro hedge fund with $150 billion in assets under management. His investment letters are treasures that are passed around the investment community and read with avid interest. The latest one (https://www.bridgewater.com/research-and-insights/why-in-the-world-would-you-own-bonds-when) came out on Monday, March 15, and it’s a Read More
View from Crystal Bay: Unofficially, Inflation is Back
Official inflation numbers are becoming more and more laughable every day: the Bureau of Labor Statistics (BLS) reports CPI below 2%. We will address the causes of the mismeasurement in a separate piece, but in the meantime, you can rest assured, you’re not going crazy, and your eyes are not lying to you. Inflation is Read More
View from Crystal Bay: I Thought You Said It’s Okay?
The covid-19 pandemic hit the US with full force one year ago. Our country was unprepared. Those who were in charge of US response failed dramatically in their jobs, and the same is true throughout most of the Western world. There is a wonderful account on Twitter called “Covid One Year Ago” (@YearCovid). It retweets Read More