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The Bearing

Malcolm Hunter

Mapping the deep structure of finance

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Substack
PricingOnly free issuesPublishesTwice weekly
Issues48Founded5 months agoLast Issue2 days ago
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Latest Issues

The dot-com bubble through the eyes of a 28-year-old who believed it completely (#44)

Block 5 — Bubbles, manias, and busts

This is article 44 of The Architecture of Money, a 100-part series on money, debt, and Bitcoin. Start from the beginning [here], or read on.

The most dangerous bubbles are the ones where the believers...

2 days ago

What Greenspan meant by "irrational exuberance," and why nobody listened (#43)

Block 5 — Bubbles, manias, and busts

This is article 43 of The Architecture of Money, a 100-part series on money, debt, and Bitcoin. Start from the beginning [here], or read on.

The most famous financial warning of the twentieth century w...

5 days ago

The Nifty Fifty: how America's best companies became its worst investments for a decade (#42)

Block 5 — Bubbles, manias, and busts

This is article 42 of The Architecture of Money, a 100-part series on money, debt, and Bitcoin. Start from the beginning [here], or read on.

The safest investments in America lost half their value. Not...

9 days ago

Tulips, railways, and dot-com stocks: the four-act play that never changes (#41)

Block 5 — Bubbles, manias, and busts

This is article 41 of The Architecture of Money, a 100-part series on money, debt, and Bitcoin. Start from the beginning [here], or read on.

The most dangerous sentence in finance is “this time is diff...

12 days ago

The silent transfer: where the purchasing power goes when it leaves your savings (#40)

Block 4 — The invisible tax

This is article 40 of The Architecture of Money, a 100-part series on money, debt, and Bitcoin. Start from the beginning [here], or read on.

Every year, something leaves your savings account that never appears...

16 days ago

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