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Greetings, fellow legends!
Courtesy of fellow outlaw Dale from Pyramid Lake, Alberta in Canadiastan.
This one comes from Joel in Vashlovani National Park, Georgia.
And this one from fellow member David.
We’ve previously joked about sailing off into the sunset if we ever made it onto the cover of Time magazine or The Economist. Certainly buying a boat makes little sense as an investment in normal times. We don’t live in normal times though, do we? So maybe Glenorchy should short sterling by going long a yacht in Glasgow. I’ve a sneaky suspicion that the value of this yacht will fare better than the currency, which is saying something because yachts are not assets. They’re large ostentatious depreciating liabilities.
In This Week’s Issue
The AI Fear Trade
Britain: A Controlled Demolition
Everyone Is Watching the Wrong Bubble
Oil After Iran: Systems Clash
Seen One, You’ve Seen ’Em All!
Firmus: Australia’s AI Bomb
Indonesia
Giving My Son a Lesson
Pumped-Up Retail Investors: More Signs of Exuberance
