TRENDS & TAIL RISKS™

A monthly publication dedicated to the principle that deeper and broader knowledge drives superior investment results

A Bull Market in Populism and De-Globalization

By Lewis Johnson - Chief Conclusion We expect that the upcoming Presidential election in the U.S. may add further evidence supporting the growth of a powerful and global bull market in populism and its corollary,[…]

Brexit: All Eyes on European Banks

POSTED ON June 15th - POSTED IN Thinking About the Future

By Lewis Johnson - Chief conclusion England’s upcoming vote on June 23rd may be the first of several votes that reveal the deep flaws embedded in the European Union. In particular, Europe’s undercapitalized and[…]

Exploring Rapid Change in Oil Production & Airline Industries

POSTED ON May 4th - POSTED IN Cycles, Thinking About the Future

By Lewis Johnson - Chief conclusion Give each investment a fair and open-minded hearing, because the world is constantly changing.

Franco Nevada: The Art of Stock Selection in the Gold Sector

POSTED ON March 9th - POSTED IN Gold, Price of Gold, Relative Value of Gold (and Credit)

By Lewis Johnson - Gold is up 19% year to date against the backdrop of a volatile stock market. In fact, gold just clocked its strongest February since 1975. Is this the move we have been waiting for in gold? We[…]

Fed Rate Hikes are a Mistake

POSTED ON February 24th - POSTED IN Credit

By Lewis Johnson - The Fed made a mistake in raising interest rates. The consequences of this mistake could be far-reaching. Frequent readers know that I strive to follow the advice of Bismarck and study history to[…]

Lewis Johnson
Chief Investment Officer

Author of Trends & Tail Risks

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