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Writer's pictureCharles Miller

M2, Supply chains, Inflation, Aussie leverage & Siteminder

Often my articles focus on going into the nitty/gritty of a particular company or issue. However, sometimes it is good to mix things up. Some interesting trends might like:


Boring chat - but just a reminder that Bitcoin is c.1% of Global Monetary supply

Global iPhone lead times are stabilising

Although iPhones are not the be-all & end-all, the fact that backlogs/wait-times are stabilising suggests that global manufacturing/supply chains have tapered - even if they are at high levels


Breakdown of UK inflation - 80% is Energy/Shelter & Non-food Commodities

Although we read about inflation all the time - it is crazy to see how much of UK inflation has been non-food items. Good article here https://www.crombiegi.com/post/transitory

Some perspective for Aussies judging the US' hyper-levered stock market

Despite the inherent skew towards residential... it is easy to get carried away and blame the US for their "100x levered eToro/Robin Hood" accounts - we should remember that most Aussies are levered to the hilt

If you're buying things at a high - cyclical are not your safest bets


Peter Lynch - "Cyclicals are the most misunderstood of all the types of stocks. Timing is everything in cyclicals",


It is no doubting - the US has had a strong reporting season and that is right across the board. One trap worth avoiding is the trap of thinking that typical cyclicals (e.g. housebuilders, auto, clothing) are suddenly structural

A brief history of Siteminder... start building your 2030 IPO now!


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