I joined Tony Greer on his Macro Dirt Podcast yesterday for a wide ranging conversation about my story, my experience in markets, our bailout culture, the deteriorating bond market and the Wall Street fraud and nonsense I’ve witnessed over the last 15 years in markets.
We also talked about the inequality gap, my take on markets where they stand right now and what drives my writing at Fringe Finance: finding asymmetric opportunities and pushing back on the nonstop insistence that everything is euphoric and that no one should be preparing for a downturn.
Our discussion also went into the snow globe of MMT that our market exists in, why I believe the bond market is beginning to crack, why this trajectory can’t continue forever, and how the eventual reckoning could fuel social unrest.
We spent considerable time discussing the wealth inequality gap and how Fed policy has helped turn it into a chasm.
We talked about shrinkflation, the rising cost of everyday necessities, and how middle and lower income Americans are being brutalized while asset owners keep getting richer…something I wrote about at length yesterday:
We also talked about why the stock market’s celebration tells a very different story from what ordinary households are experiencing.
Finally we talked Nike and a few other companies, my short and long term views on gold and silver, what comes next, and what another bond market bailout might look like when the next round of stress arrives.
Tony is worth a follow and you can watch the entire interview here:
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I also may or may not own names I write about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and own things I’m bearish on. Just assume my positions could be exactly the opposite of what you think they are just in case. If I’m long I could quickly be short and vice versa. I won’t update my positions.
I cannot guarantee the accuracy of any or all facts and figures included in this article though I made an effort to get them right. I have been wrong before and will be wrong again, and encourage you to always double check, do your own research and speak to a licensed financial professional, which I am not.
Contributor posts, guest posts and curated posts have been hand selected by me, but have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author or reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.
Since 2026, I have been making an attempt to no longer actively trade as much as I once did ( read my story here). In an attempt to lead a healthier lifestyle, I’ve also excluded myself from most fantasy sports, sports betting, online and in-person casinos and prediction markets.
My goal is for my investing/saving to be done by recurring contributions mostly to sector ETFs and a few select equities, trusted third parties who oversee my accounts, and advisors. Such advisors or funds, through individual equities, options, index funds, mutual funds, ETFs, or other securities, may have positions in, exposure to, or holdings of names mentioned herein that I know nothing about. Basically, it is possible I could own, have exposure to, or not own anything, at any point.
You are on your own. Do not make decisions based on my blog. I exist on the fringe. Again, I get shit wrong a lot, both in the market and in life, but am trying my best. If you see numbers and calculations of any sort, assume they are wrong and double check them. I failed Algebra in 8th grade and topped off my high school math accolades by getting a D- in remedial Calculus my senior year, before becoming an English major in college so I could bullshit my way through things easier. Hence, I am a writer. I write these posts after a couple beers sometimes. Many times I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Thanks, you’ve been a great crowd and don’t forget to tip your servers.
