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Interview: A Macro Conversation with Andrew Brill of Wealthion + Positioning Update.
Here is an interview I did this week with Wealthion's Andrew Brill discussing the implications of the Return of Pusillanimous Powell. I include a…
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Michael Kao

August 2024

Re: Inflation/USD/Oil - The Return of PP and the Coming of PPPP.
Pusillanimous Powell is back, and he's about to make a Policy Error -- not from being "Too Late" but being "Too Early." This post covers ramifications…
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Michael Kao
6
Re: Mental Models - Merton/Real Options Framework for Debt & Equity.
You may have heard of the Merton Model or Real Options Theory, but might not know how to apply the concepts in everyday investing. This post demystifies…
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Michael Kao
7
* Mental Models Substack Directory *
5/21/21 - Re: Mental Models-Bubble Assets As Capacitors.
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Michael Kao
Kaos Theory Episode 7: Oriana Skylar Mastro
Oriana Skylar Mastro is a Center Fellow at the Freeman Spogli Institute for International Studies at Stanford and military advisor to INDOPACOM on…
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Michael Kao
56:40

July 2024

Twitter Space: July FOMC Panel with Unusual Whales - A Pivotal Moment?
Most folks agree that we are getting closer to a real Fed Pivot, although not for this meeting. This was a wide-ranging discussion on Inflation…
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Michael Kao
1
Re: Oil/Inflation/USD - From USD Wrecking Ball to USD Pickleball?
The USD has weakened recently mostly on Trump's surge in the polls. I see three paths the USD Wrecking can be downgraded to the USD Pickleball, but only…
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Michael Kao
8
Re: Investing/Mental Models - The Perils of Surfing the S(e)ine.
In the world of finance, economics, and even surfing, there's a seductive simplicity to riding straight lines. But if the underlying process is…
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Michael Kao
1

June 2024

Interview: Dale Pinkert/TradeGATEHub Discussion - The Macro Bogeymen of Shadow Banking, Institutional Illiquidity, Sovereign Bonds, USD…
Dale and I had a rapid-fire discussion of a myriad of Macro Bogeymen, from Shadow Banking Risks, Institutional Illiquidity, Sovereign Bonds, and of…
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Michael Kao
2
Re: Investing - "Rumpelstiltskin Risks" & Why Not All Securitizations Are Created Equal.
There have been some alarmist comments about "CLOs imploding" recently. This piece dispels those rumors but explains why you still must be vigilant of…
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Michael Kao
3
Re: Investing Lessons - A Compilation.
These are what I consider to be “Evergreen” Investing Lessons that I’ve learned throughout my career. I find that re-reading them periodically helps my…
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Michael Kao
8
Interview: Palisades Gold Radio with Tom Bodravics - Pot Pourri Discussion.
This was my 3rd time chatting with Tom, who always asks deep, probing questions. We talked the Macro backdrop, Gold/BTC as potential Reserve Assets…
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Michael Kao
© 2024 Michael Kao
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