What Happened in Utah (And the Week In Review)
Let's take a look at a few predictions from last week and look at me when I weighed about 12 pounds more back in March.
Dear Fellow Traveler:
Back in March, I traveled to the Black Desert in Utah.
I was investigating a company called Fervo, which is revolutionizing a new form of energy. I wanted to share this with you today…
Since I value your time, I’ll tell you now that this is part of a promotion, but I think you’ll enjoy the story and the production. It was a lot of work, but it’s cinematic and entertaining.
Learning about new technologies and companies is the fun part of the job. I’m quite optimistic about Fervo’s technology and the other companies entering this space. It will take some time, but it feels like the onset of a new energy revolution.
I wanted to show you what I’ve been up to. If you want to learn more about the companies involved, you can… your choice. If not, check out the drone footage and my inability to stand up in 45-mile-per-hour winds in the middle of nowhere.
Now, let’s get to the week in review.
Monday, May 19
When Oil Rigs Are Worth Less Than Their Parts
Want to get a sense of just how insane our economy has become? AI stocks are trading at outlandish valuations… but 40 energy-producing companies on the Russell 2000 are trading for less than their book value…
That means… companies could buy them today for less than the sum of their parts. But financialization and bad incentives have broken common sense. Now what?
Tuesday, May 20
10 Things That Likely Won't Matter...
One of my favorite economists listed the biggest threats to the U.S. economy this year. Here’s the problem… the biggest threats aren’t something you can predict. In an era where we’ve had four four-sigma market downturns in the last four years…
Predictions are useless…
Wednesday, May 21
My First Warning on Volatility
As I said on Monday, our Equity Strength signals show ZERO selling pressure this week. That’s typically in line with a contrarian top for the market. Since our massive rebound started in April, I’ve advised readers to take some gains off the table.
To understand how the markets sold off and rebounded, check out this interview with Stansberry Research that they did with me last week.
Thursday, May 22
The Crisis Everyone's Ignoring (Again)
I can’t make this any clearer. The biggest threat to the global financial system is… in Japan. In a clear warning to the West, Japan’s economy is overleveraged, massively indebted, and facing demographic shifts that will create a false choice between inflation and perpetual crisis.
Educate yourself now on Japan—because the bailouts are coming… and it’s very bullish for Gold as currency debasement continues.
Friday, May 23
No. You Won't Be Buying a U.S.-Made iPhone
I predicted last week that the Trump administration would pick a battle with Apple. I didn’t think it would happen within five days. That said, the Trump administration wants Apple to make iPhones in the United States. Apple can make as many promises as it wants…
But here’s the thing. It’s never going to happen on a grand scale. Here’s why.
Tomorrow, I’ll be back with a breakdown of what’s happening in the markets. Anyone who is interested in joining the The Capital Wave Letter - please do. Next weekend, I’ll be releasing a new report on Capital Efficient Assets and how you can replicate a Sovereign Wealth Fund. These long-term investments will compound, help protect your wealth, fight inflation, and kick off gobs of cash.
But you have to be a member of our daily letter…
I’ve cut the price this holiday weekend… and plan to raise it again later this year…
Stay positive.
Garrett Baldwin