Third Eye Capital
Tel: (416) 601-2270
Fax: (416) 981-3393
Email Third Eye Capital
Brookfield Place
Bay Wellington Tower
181 Bay Street, Suite 2830
Toronto, Ontario, M5J 2T3
The U.S. Federal Reserve (“Fed”) is belatedly correcting its mistaken narrative of transitory inflation. Despite their antipathy to inflation and the powerful tools available to wield against it, central bankers around the world missed the runaway inflation they helped create. We have been here before....
“Zombie companies”, a term we first coined at an investment conference in Toronto in October 2008, are companies unable to cover debt servicing costs from earnings and have assets with realizable values less than their debts outstanding but remain in the market rather than exiting...
The sharp rise in interest rates since the start of the year has meant that all holders of fixed-rate securities, including banks, have had to write down these assets in their portfolios. The large magnitude of the write downs by banks has been exacerbated by...
Inflation is hitting peaks across the globe not witnessed in decades. The reasons for this are now well publicized: governments ran enormous deficits during the pandemic and wrote cheques to individuals and companies, which in turn fueled demand for goods and services; the monetary base...
Fighting in Ukraine is ongoing and increasing the chances that Europe will ratchet up energy-related sanctions and likely sustain higher oil prices. Russia is the world’s third largest oil producer and the second largest crude oil exporter. Russia stopped reporting production data after official sanctions...
Investor excitement for innovation companies is justified by recent technological advances and the widespread adoption of trends in ecommerce, cloud computing, web 3.0, and AI. ARK Investment Management (ARK), which claims to focus solely on offering investment solutions to capture disruptive innovation in public...
When the price of money is zero, the value of everything is infinite. The zero interest rate experiment led by the U.S. Federal Reserve (U.S. Fed) in response to the global pandemic created investor fairy tales that “stonks” only go up, virtual coins are money,...
