deflation

US maill development

Unintended Consequences, Part 1: Easy Money = Overcapacity = Deflation

20/05/2016(0)
Somewhere back in the depths of time the world got the idea that easy money — that is, low interest rates and high levels of government spending — would ... Read More
Dollar-and-oil-Dec-15

Falling Oil + Rising Dollar = Crisis For A Whole Lot Of People

10/12/2015(0)
Oil is plunging again, this time in the wake of OPEC’s inability to limit its members’ production. The US dollar, meanwhile, is up on the divergence between Fed tightening ... Read More
china-stocks-board

Chinese Debt Snowball Gaining Momentum

30/11/2015(0)
Financial crises can happen quickly, like the bursting of the tech stock bubble in early 2000, or slowly, like the late-1980s junk bond bust. The shape of the crash ... Read More
Chinese-notes-RMB

China Cannot Let This Happen

24/09/2015(0)
After borrowing — and largely wasting — $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow growth, anemic consumer spending ... Read More
China-sanghai-stocks

China: Major Devaluation Coming

28/07/2015(0)
The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed ... Read More
Greece-europe

Greece Enters Its Crack-Up Boom

09/07/2015(0)
The Austrian School of economics has a concept called a “crack-up boom” in which a critical mass of people conclude that their government is actively trying to devalue its ... Read More
gold-stones

What Would Happen If Mainstream Investors Discovered Gold?

08/06/2015(0)
China, India and Russia are accumulating a lot of gold, but they’re virtually alone. Traditional money managers, for a variety of reasons, view the metal as neither a viable ... Read More
Dollar

No Money, No Growth

18/05/2015(0)
Last August, the US Fed stopped creating new currency out of thin air and dumping it into the banking system. Which is another way of saying the US money ... Read More
oil

OPEC Going Broke, Dumping Dollars. Is That Good Or Bad?

15/04/2015(0)
When oil prices fell out of bed last winter there was much hand-wringing over the fate of the former beneficiaries of high-priced crude. Trillions of dollars of junk bonds ... Read More
Rubino's in text chart-Securities

More Scary Numbers

08/04/2015(0)
The list of things hitting cyclical peaks gets longer every day. Besides the nominal amounts (debt, derivatives, money supply) that are now at all-time highs, some “as a share ... Read More
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