The monetary ocean is draining. And when the tide goes out, will you be marooned? _Valuabl_ is a fortnightly journal of the capital markets, helping investors navigate the financial seas, avoid shipwreck, and _plunder precious booty_.

Amongst the usual titillations, subscribers are getting my analysis on:
- What is the S&P500 worth?
- Are stocks finally cheap, or was 2021 a mirage?
- What is the Fed doing, and how will the monetary policy evolve?
- Is there any value in buying chocolate, or cardboard, production companies?

We are taking stock of some of the most dramatic market shifts ever. I welcome your readership. [Subscribe here and devour the latest issue](https://valuabl.substack.com/p/valuabl-vol-2-no-10?s=w).

On the cost of capital. Regional equity valuations. No, stocks aren't cheap yet. Corporate shuffleboard. Credit creation, cause & effects. Valuing chocolate and cardboard packaging businesses.

https://valuabl.substack.com/p/valuabl-vol-2-no-10?s=w

Valuabl, Vol. 2, No. 10

The latest issue of Valuabl is out (Vol. 2, No. 10)

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