Money Management for the New Economy
The adage that “there is nothing to fear but fear itself” is apropos for investors in the energy markets. Anyone trying to time the next recession or downturn in key commodity producers is likely making a futile mistake based on fundamentals.
DetailsOur last note explained that when governments have nosebleed debt-to-GDP levels, there is only one way out for them: much higher levels of inflation to get their balance sheets to more manageable levels.
DetailsThe world has exited one long-term secular trend and have entered a new long-term secular trend with very different investment implications and economic conditions under our current global system
DetailsThe cruel paradox is that one might think investing in economically sensitive industries such as oil and natural gas isn’t a good place to be when a recession appears imminent because of an inverted yield curve.
DetailsOur economy is modeled on a debt-based system that must always grow. Without growth, we cannot service previous deficits, which is a problem for our overly indebted government.
DetailsUranium’s last major bull market – from 2003 to 2007 – transpired at the same time the Federal Reserve began raising interest rates just like they are today!
DetailsHouseholds have more equities as a percent of their portfolio than ever. Is this a good thing or a bad thing?
DetailsFMT’s goal is to always put the important pieces of an ever-changing world together to bring you the big picture, and the big picture is that we have entered a long-term stagflationary trend.
DetailsEven though the U.S. dollar is losing considerable relevance in international trade and settlement (FX reserves), U.S. asset allocators and the general population remain asleep at the wheel.
DetailsThe Russian war has thrown a monkey wrench into the world order. It is now not only shining a light on FMT’s fundamental research in these massively undervalued sectors, but it is also catalyzing these assets forward and creating supply issues that are further exasperating their undervaluation.
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