Weekly Recap
Shiller P/E Says Stock Market Looks Mighty Bubbly Now, Doug & Matt on AI, Skyscraper Effect, Gold & Rare Earths, Uruguay, Europe, and War Economies, America’s Housing Trap, The Great AI Power Crunch
The Stock Market Is Looking Dangerously Bubbly
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We skipped last week’s Chart of the Week due to a slew of other content, so here’s this week’s edition a bit earlier than usual.
America’s Housing Trap—Can’t Sell, Can’t Stay, Can’t Win
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Last month, I wrote about something interesting: Google searches for “help with mortgage” just hit their highest level in 16 years—higher than the COVID spike and even higher than the 2008–09 peak.
Skyscraper Effect, Resource Revolution, and More
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Doug and I sat down recently to take questions from our Crisis Investing subscribers, and as usual the conversation wandered across half a dozen big themes: AI, the skyscraper effect, gold and rare e…
The Great AI Power Crunch
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Last week, I wrote about the AI bubble—(catch up here, and here)—how the technology is real but the valuations are absurd, and how the smart bet isn’t on picking which AI company wins, but on the one…