Lance

AI Capex Depreciation Risk Is The Catch To Record Earnings

The second-quarter earnings season is in full swing. So far, the results are landing in line o

By Lance

When you measure home affordability today against the metric that actually governs the check you write each

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Decades of data across global markets reach the same verdict: the more frequently retail traders trade, the wor

By Lance

If you knew you were standing inside a stock market bubble, you wouldn’t be standing in i

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The AI capex risk profile has gotten sharper since then, and the argument needs tightening in a few places.

By Lance

Rising prices increase the value of collateral in every margin account, which automatically increases how much eac

By Lance

Wage growth peaked four years ago. Since 1985, it has led CPI by three to seventeen months in every sing

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The money is REAL. The question was never whether it exists. It’s who’s spending it, and what

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Friedman was reasoning from the equation of exchange, MV = PQ. Money times velocity equals prices times real out

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Here’s the setup most investors are underrating right now. Over the next two weeks, the tape will trade on plumbing

By Lance