The central banks claim omnipotent financial powers, and their comeuppance is overdue. I will be the first to admit that invoking the woo-woo of the Tao as the ... Read More
Many of those about to be vaporized did not grasp the fragility of the “prosperity” they assumed was both solid and permanent. Business-cycle recessions are not just inevitable, ... Read More
The wild card in cryptocurrencies is the role of Big Institutional Money. I’ve taken the liberty of preparing a projection of bitcoin’s price action going forward: You see the ... Read More
Any clique in the E.U. that thinks the U.S. will sit idly by while they “punish” the U.K. had better recalibrate their core interests and the potential for blowback. ... Read More
How many startups are empty shells filled with glitzy PR designed to appeal to VC newbies? It’s widely accepted that most tech startups will fail. Perhaps the core business ... Read More
All the phantom wealth piled up in China’s boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets. The 1979 film ... Read More
Our current faith in central banks’ ability to “make the economy all better, all the time” is horrendously misplaced. We are living in the Cargo Cult Era of Central ... Read More
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