Profile
Who is James Lavish?
James Lavish is a financial commentator and investor whose public remarks track macroeconomic risk signals — equity valuations, inflation, employment, gold, and monetary policy. His through-line is that markets are mispricing risk while underlying income and employment data weaken.
Track record
- May 2026 - Lavish said buying equities at current levels assumes they are no longer a risky asset class, since they are riskless only when the equity risk premium is zero.
- May 2026 - He said real personal disposable income and real after-tax income for the proletariat are running at zero.
- May 2026 - He said there has been no growth in employment in the United States in the past year, and predicted inflation would hit the wall in the labor market.
- Aug 2026 - He described irrational exuberance in earnings, with analysts too optimistic because companies keep beating expectations, and called it the most widely anticipated recession that just isn’t happening.
- Sep 2026 - He said the economy is moving toward yield curve control, which he called money printing light, and that gold and miners have been unduly punished by rising oil prices.
In their own words
The market is moving toward yield curve control, which is characterized as 'money printing light'.
“We're moving towards yield curve control, which is essentially money printing light.”14 Sep 2026
The current market irrationality is concentrated in earnings expectations, analysts are systematically too optimistic about earnings, rather than in valuations.
“What we now have is irrational exuberance in earnings that analysts are way too optimistic about earnings, but analysts are optimistic because companies keep beating expectations.”17 Aug 2026
Citation Bureau · reference note, compiled from attributed expert discussion. Last updated 2026-09-15.