2 Comments
Apr 16Liked by Jeffrey Carter

It would be interesting to see how the chart tracks with the cpi. Inversely, I bet it would track pretty close. Another interesting chart would be how it tracks with consumer debt. The reason I think these comparisons would be interesting is that so much if this is psychological. If a few key VC’a stop investing, most others will as well. If I’ve learned anything from investors like Warren Buffet, do the opposite of what the herd is doing. Especially if they are going off the cliff. Maybe these VC’s are wise enough to see the herd headed off the cliff. My other theory is that the US dollar has lost significantly more value, psychologically, than is reflected in quantifiable data. If this is true, we will begin to see signs of significant increases in the prices of gold and silver soon.

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Apr 16Liked by Jeffrey Carter

I think the decrease in VC activity is due to demographics too. For the next 15 years the economy will be concerned with the preservation of wealth and the burgeoning national debt to finance the final years of the Baby Boomers. The investor's time horizon is too short.

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