Ben Hunt | TalkMarkets | Page 1
Chief Investment Strategist
Contributor's Links: Salient Epsilon Theory
Ben Hunt is the chief investment strategist at Salient and the author of Epsilon Theory, a newsletter and website that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators across 180 countries read Epsilon Theory for its fresh ...more

All Contributions

Latest Posts
1 to 16 of 62 Posts
And You Wonder Why Bitcoin And Gold Are At Record Highs
The Fed’s inflation-fighting credibility is shot and everyone in Washington and on Wall Street is in the bag for massive nominal economic growth going into November.
One Less Vulnerability
One of America’s key structural vulnerabilities from 1970 to 2019 was its reliance on foreign energy. This meant that the up/down cycles in the price of oil triggered aggressive down/up cycles in the USD.
The Drumbeat Of Inflation
The recession-is-coming narrative is dead and the inflation-is-over narrative is dominant, making the Fed’s job that much harder and making resurgent inflation that much more likely.
The Story Arc Of SBF And FTX
Once upon a time, Sam Bankman-Fried found a Magical Money Machine he called Alameda Research. Or at least he thought he had found a Magical Money Machine.
Monetary Policy Is Non-Linear
Monetary policy is not just non-linear in its relationship to inflation. Monetary policy is also non-linear in its impact on society.
The Most Important Sector In The Universe
The total value of the Chinese property sector stands at $60 trillion – twice the size of the US residential market and bigger even than the entire US bond market. The Chinese property market is probably the largest asset class globally.
Hollow Men, Hollow Markets, Hollow World
Through monetary and fiscal policies that have pulled forward future growth and productivity into the present, leaders have stolen wealth and prosperity from our children and our children’s children.
They’re Not Sending Their Best
Regardless of the cause, higher gasoline prices are effectively a regressive tax on the American consumer, which means that it’s bad for our economic growth and bad for a wide swath of households.
What Is Robinhood?
Last June, I wrote a piece in Net Interest called The Stock Market as Entertainment. It explored the explosion in retail trading activity and suggested that one cause for renewed interest in the stock market was the cancellation of sport.
I’m So Tired Of The Transitory Inflation “Debate”
For the past six months or so, the Federal Reserve and US Treasury have made a concerted and highly intentional effort to shake their collective finger at us and tell us how to think about inflation.
A Working Narrative
Post-pandemic, the future of remote work can be linked to general labor concerns, the social contract with our system of capitalism, and the role of work in American lives. Even Apple is feeling the heat.
Raccoons Never Sleep
A raccoon, in our lingo, is a financial huckster or conman. Cases in point: Lemonade; SocialCapital.
Wage Inflation Isn't Coming, It's Already Here
For those keeping score at home, the US inflation rate in 1981 was 10.3%.
Leverage And Its Discontents
Three blow-ups in three months: Archegos, Greensill, and Melvin Capital. Insane leverage employed to maximize private gain, provided by lenders that can socialize losses.
Inflation Investing
Five tentpoles to organize and support a slate of investment strategies for an inflationary world.
The Best Way To Rob A Bank
I think that the collapse over the past week of Greensill Capital has a lot of systemic risk embedded within it, particularly as the fraudulent deals between Greensill and its major sponsors – Softbank and Credit Suisse – come to light.
1 to 16 of 62 Posts