Gold is Money, Everything Else is Credit
J.P.
Tarot FSO
This is the blog of Jack Duval, who does investment management, consulting, and writing.
Live Last read · last published · next check
Latest posts
The Steaks are High
And so is the chef
BREAKING: Panic at the Disco!!!
I wrote about financial repression last week, and it arrived 30 minutes ago.
Time for a Charticle!
Here’s a wild one: 26 percent of Gen Z individuals treat sports betting as part of their investment strategy.
Inflation, Rates, and Financial Repression
Yesterday’s CPI numbers came in benign, right on the screws, with no surprises.
Promotion and Risk Management
Last night I got promoted to blue belt at the 10th Planet BJJ gym in New York City.
Bessent Sells Maybachs for Mazdas
... but finds the ride is really poor.
A Medieval Warning from the Hunger Stones
All you Tarot OGs know about my writings on The Long Emergency.
Bantam July 2026 Investor Letter
The news flow continues to be on 11, we have a new Fed Governor who doesn’t have any credibility, and the former hedge fund manager running Treasury is stabbing the Yen carry trade in the neck.
The Peter Lynch Method Says the Death of AI May Be In
Legendary investor Peter Lynch used to say that if you paid attention to your daily life, you would see things that you could use to invest successfully, way before Wall Street figured it out.
*** Flash Alert: *** Sell Into the Citadel Takedown of Situational Awareness
This one goes out to all of you in the trenches out there.
The Bond Market and the Dollar Call BS on Warsh
After an entire professional career of railing against the “excessively large” Fed balance sheet, pantywaist Fed Governors who were soft on inflation, and promising “regime change” into a Fed that has “no tolerance for persistently elevated inflation”, Kevin Warsh rolled up into his first real presser yesterday wearing John Lennon glasses and telling people to tune in, turn on, and not hike.