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Withering Wages, A Poker Pro, and Lucid Dreaming with Richard Feynman

Alex here with this week’s Macro Musings. As always, if you come across something cool during the week, shoot me an email at alex@macro-ops.com and I’ll share it with the group. Recent Articles/Videos — The Market Drop — AK explains the reasoning behind this recent price route and takes a look under the hood of the economy to see if this is indeed a major turning point for markets. Better Than Amazon.com — AK takes a closer look at JD.com, one of our highest conviction holdings in the MO portfolio. Articles I’m reading — Jonathan Tepper of Variant Perception wrote […]

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Role of Wages of the Common Worker in Oil Prices, Collapse

In their book Secular Cycles, Peter Turchin and Surgey Nefedov point out the important role falling wages of the common workers played in early collapses. I got to thinking that this might be an issue with our current situation as well, including the low level of oil prices. I explain this in two presentations. The first one is called “Overview of a Networked Economy“. The second one is called, “Economic Growth and Diminishing Returns.” A couple of (amateurish) slides that need explanation are the following ones: The cloud above my representation of the economy is supposed to represent the cloud […]

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