Ins & Outs, Pros & Cons

This week we zoomed in and out of different perspectives on the market… [The Wiggin Sessions] October 15, 2022 [WEBSITE]( | [UNSUBSCRIBE]( Render Your Own Verdict “Each man must reach his own verdict, by weighing all the relevant evidence.” - Leonard Peikoff, heir to Ayn Rand [Addison Wiggin] Addison Wiggin Dear Reader, This week we zoomed in and out of different perspectives on the market… Gale Pooley led us on a long and pithy path juxtaposing the differences between what he calls long-term “time-price” analysis v. short-term market price speculation. We tried threading the needle between both: how the long-view may influence your own investment choices today. Not an easy task, given the litany of bad juju in the financial press. You can find our musings and advice below. Feel free to poke around. --------------------------------------------------------------- 10 October 2022 [The Bet on the Future]( [Click here to learn more]( [This week on TWS:]( A contrarian idea from one of America’s foremost futurist economists. Gale Pooley teaches business management at Brigham Young University in Honolulu. He has also taught statistics and analysis at Alfaisal University in Riyadh, Saudi Arabia. His unique thesis: Pooley claims that despite turbulent markets and historic inflation, the earth is actually “superabundant” with resources… It’s just a matter of innovating to be able to “rearrange the atoms” to create technologies of lasting value.’ [Continue reading…]( --------------------------------------------------------------- 11 October 2022 [Out With The Old!]( [Click here to learn more]( Climate change doomers are worried about the same things as the peak oilers – too much fossil fuel is killing the planet v. too little production of fossil fuel will kill the economy… this one was particularly abrasive to readers. Let’s stick to Pooley. Since Robert Thomas Malthus critiqued the Industrial Age in England, the premise of the peak thesis has been true. Unless, you just want to limit the number of people on the planet… then we have a whole ‘nother Handmaid's Tale on our hands. The argument Gale, our guest this week, is making, is that technology always rises to the challenge. Here’s how reader Chef N greeted that idea… [Continue reading…]( --------------------------------------------------------------- 12 October 2022 [An Appetite For Disaster]( [Click here to learn more]( To break it down simply: “Time-price is just the amount of time it takes to earn the money to buy that item.” It is another way of orienting ourselves towards work and money. The classical economist Adam Smith touches on a similar theorem in The Wealth of Nations, written in 1776: “The real price of everything… is the toil and trouble of acquiring it. What is bought with money or with goods is purchased by labor.” Taking this notion – time-price and the hard labor it actually takes to make money you can spend – and juxtaposing it with the nominal, American dollar price of goods and services presents a unique and altogether revealing trend. [Continue reading…]( --------------------------------------------------------------- 13 October 2022 [Our Glass Half Empty]( [Click here to learn more]( Despite turbulent markets and historic inflation, [Gale Pooley makes the case]( the earth is actually “superabundant” with resources. It’s just a matter of innovating to be able to “rearrange the atoms” to create technologies of lasting value. We’ll leave the argument to him, you can watch, listen or read the transcript, [here](. That said, in keeping up with our tradition of seeing the glass half empty, we took a gander through our market notes for the week. What a mess. We hope you’ll receive these three observations in the decorous light in which we intend… [Continue reading…]( --------------------------------------------------------------- 14 October 2022 [An Adult Walks Into The Room]( [Click here to learn more]( Meaning, among other things Americans will be willing to tap their own resources, not just for investment gain, but to power the economy we’ve become accustomed to enjoying. Looking at it one way, yes, Jamie Dimon is making more money. “His bank refuses to move its deposit rate above 0.01%...” writes an opinion piece on Zero Hedge. “...In the process keeping $2.2 trillion in liquidity locked inside the bank for overnight lending.” Banks make money when rates rise because they can continue to pay its customers – savers – lower rates, while leveraging its rising cash holdings. But that’s not the most interesting thing Dimon said yesterday… [Continue reading…]( --------------------------------------------------------------- Enjoy your weekend, [Addison Wiggin] Addison Wiggin Founder, The Wiggin Sessions P.S. Next week on The Wiggin Sessions: A second run around with Vermonter James Howard Kunstler, and a continued discussion of the “Peak Oil” thesis we were challenged to reconcile with Superabundance this week. Remember to Subscribe to our [YouTube channel here]( for access to future Session releases. Sponsored by Stansberry Research “Financial Reset” Is Coming In 2023 [Click here to learn more]( People have seen serious losses in the stock market, and it’s going to get even worse –especially in 2023. But not in the way you might expect. If you know what’s coming, 2023 could actually end up becoming the best year of your financial life.[Click here to learn more.]( Ed note: Got something to say? 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