The US runs twin deficits of 10-11% of GDP; roughly 6.5% of GDP on the budget deficit, and almost 4% on the current account deficit. Conceptually, that is a lot of excess US dollars “floating” around in the global system. So, what can the foreigners on the other side of… Read More
In 2025, Congress passed one of the most sweeping tax reforms in recent memory: the One Big Beautiful Bill Act (OBBBA). For individuals and businesses alike, this legislation builds on—and in many ways expands—the 2017 Tax Cuts and Jobs Act (TCJA), locking in several key provisions while introducing new tax… Read More
The 2025 CNBC Disruptor 50 list is a powerful reflection of how the AI revolution is redrawing the business landscape and funneling unprecedented levels of venture capital and private equity into transformative startups. Unlike rankings that rely purely on lofty valuations, CNBC’s process gave greater weight to critical measures of… Read More
Jesse Felder, of The Felder Report, recently had a conversation with Vincent Deluard, macro strategist at StoneX, who unpacked the drivers behind the structural forces reshaping the global economy. Deluard argues we’re in the midst of a long-term transition from disinflation to persistent inflation—driven not by central banks, but by runaway… Read More
In today’s environment of heightened market volatility, staying grounded in a sound financial strategy is more important than ever. While market movements can’t be predicted, you can control how you plan, save, and allocate your assets. Periods of market uncertainty can present meaningful opportunities to revisit your financial strategy, make thoughtful… Read More
The following article was originally published on March 11, 2025. In today’s rapidly changing economic and political environment, some of the events and examples are now outdated. However, the below article provides a still-relevant perspective on the high-level policy goals driving many of the major countries around the world. “We… Read More
In early 2021, a handful of out-of-favor stocks, including GameStop and AMC Entertainment, suddenly skyrocketed in price, defying all traditional valuation logic and heralding the rise of the “meme stock” phenomenon. A meme stock is a company whose shares jump sharply due to viral attention and enthusiastic online followings rather… Read More
The below article was published on February 18, 2025. In today’s rapidly changing economic and political environment, some of the events and examples are now outdated. However, since publishing this article, Louis recently reiterated his high-level view that Trump’s three market priorities seem to be: lower bond yields, lower energy… Read More
The past week has been a tale of dueling narratives: Artificial Intelligence (AI) versus everything else. While the broader investment community grapples with whiplash from Trump’s latest trade war, DOGE’s cost cutting efforts, persistently high prices, and geopolitical tensions following an Oval Office showdown, the fortunes of several privately held… Read More
Each year, the investment community eagerly awaits Warren Buffett’s annual letter, an industry staple brimming with both worldly and investment wisdom. Since 1964, Berkshire Hathaway has delivered an astounding overall gain of 5,502,284% to investors. In comparison, the S&P 500, including dividends, has returned 39,054% over the same period. If… Read More
