the 2.5 million year bull market in humanity

Some deep thoughts from my friend Eric Peters headed into what could be a watershed week in the short term, and a not-so-big deal in the super-longterm…

“Today we unearth our past,” said deputy president Ramaphosa, peering into Homo Naledi’s prehistoric eye sockets. 2.5mm years ago our little ancestors buried their dead in a quiet South African cave, on our 4.5bln year-old planet, spinning in our 13.8bln year-old universe. And when you pull a chart back that far, humanity’s recent bull trend is smoothly upward-sloping, accelerating, breathtaking. “We could drop a thermo-nuclear bomb on the Martian poles to heat the planet,” said Elon Musk, proposing one possible next step on our magnificent 2.5mm year journey. In the blink of eternity’s eye, we’ll inhabit Mars. It’s inevitable. But requires trial and error, risks, rewards; and those kinds of short-term charts look messy, volatile. “The world economy’s so troubled that if the Fed goes for a very quick rate hike it’s going to affect countries quite badly,” said the World Bank’s chief economist, considering his short-term chart, the bumpy end of America’s extraordinary experiment. The Fed has spent 1.5 years preparing our planet. But investors grow more nervous; and not over a 0.25% rate increase. They’re nervous because the long-term trend of central bank intervention is a flat line, filled with periods of success followed by failure, the occasional catastrophe. And after seven years during which markets obeyed global central banker’s every command, China has failed to maintain control. Draghi’s latest suggestions of more money-printing sparked a tiny equity rebound, then nothing. Japan’s policy-makers reluctantly hint at more QE; running faster to stay in place. So as the Fed meets this coming week, investors are left to consider what things are really worth, as the age of monetary manipulation slowly draws to a close. Because throughout mankind’s 2.5mm year bull trend, never has lasting value been created by minting more money. Lasting value is the product of ingenuity, innovation, invention. Even Homo Naledi knew that.


Peters Capital Group

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. w88 commented on Sep 20

    … [Trackback]

    […] Information to that Topic: […]

  2. immediate edge commented on Sep 28

    … [Trackback]

    […] There you can find 67718 more Info to that Topic: […]

  3. Earn Fast Cash Now commented on Nov 03

    … [Trackback]

    […] Find More Info here to that Topic: […]

  4. digital transformation companies commented on Nov 18

    … [Trackback]

    […] Info on that Topic: […]

  5. togel online commented on Dec 01

    … [Trackback]

    […] Read More here to that Topic: […]

  6. Regression testing commented on Dec 21

    … [Trackback]

    […] There you can find 45970 additional Information on that Topic: […]

  7. 토토사이트 commented on Dec 25

    … [Trackback]

    […] There you will find 58672 more Information on that Topic: […]

  8. Pulse Power rates commented on Jan 09

    … [Trackback]

    […] Find More to that Topic: […]

  9. hublot big bang replica commented on Jan 14

    … [Trackback]

    […] Here you will find 46014 more Information on that Topic: […]

  10. Sony VPL-CS1 manuals commented on Jan 23

    … [Trackback]

    […] There you can find 41803 additional Information to that Topic: […]

  11. HP XA407AA manuals commented on Jan 24

    … [Trackback]

    […] Find More Information here on that Topic: […]