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The Masses Are Being Conditioned to Ignore the Economic Bubble
The Masses Are Being Conditioned to Ignore the Economic Bubble In the second week of October, after the “partial” U.S.-China trade deal was announced to much fanfare, I made this prediction: US and Chinese officials rarely waste an opportunity to use trade talk headlines to head-fake markets with false hope. Rumors of a “partial” or tentative […]
Economists and climate change: Building castles in the sky
Economists and climate change: Building castles in the sky Economist John Kenneth Galbraith once said that “the only function of economic forecasting is to make astrology look respectable.” Unfortunately, when some economists turn their sights on the economics of climate change, their unreliable methods imperil not just the economic life of humankind but its very existence. I […]
Blocking SWIFT Access Would Be “Declaration Of War”: Russia Warns Against US ‘Nuclear Option’
Blocking SWIFT Access Would Be “Declaration Of War”: Russia Warns Against US ‘Nuclear Option’ Last year during the height of controversy over the Kerch Strait incident, while two dozen Ukrainian sailors were still being held by Russia, Washington’s special envoy to Ukraine at the time, Kurt Volker, floated the possibility of Washington blocking Russian banks from SWIFT. […]
Debt Bubble to End All Bubbles – Michael Snyder
Debt Bubble to End All Bubbles – Michael Snyder Journalist and book author Michael Snyder says corporate debt is at record highs standing at $10 trillion. Snyder points out debt is setting records in every aspect of the economy and contends, “If you include all other forms of corporate debt not listed on the stock […]
Inflation Is Coming…
Inflation Is Coming… Investing is all about probabilities. If the perceived odds of an event are high, certain securities will be priced based on those expected probabilities. The corollary is that when an event is perceived as almost impossible, securities do not price in any chance of it occurring. If that event does occur, all […]
Development: a failed project
Development: a failed project It’s time to abandon development and think about postdevelopment instead. “They talk to me about progress, about ‘achievements,’ diseases cured, improved standards of living. I am talking about societies drained of their essence, cultures trampled underfoot, institutions undermined, lands confiscated, religions smashed, magnificent artistic creations destroyed, extraordinary possibilities wiped out. They […]
Crunchtime: When Events Outrun Plan B
Crunchtime: When Events Outrun Plan B Not only will events outrun Plan B, they’ll also outrun Plans C and D. We all know what Plan B is: our pre-planned response to the emergence of risk. Plan B is for risks that can be anticipated, regular but unpredictable events such tornadoes, earthquakes, hurricanes, etc. In the human sphere, risks that […]
The Problem With “Green” Monetary Policy
The Problem With “Green” Monetary Policy Although there is increasing support for the idea that central banks should actively contribute to the fight against climate change, monetary policymakers have no mandate to do so, and for good reason. Tackling climate change is – and must remain – the responsibility of elected governments and parliaments. FRANKFURT […]
47 Percent Of GDP – This Is Definitely The Scariest Corporate Debt Bubble In U.S. History
47 Percent Of GDP – This Is Definitely The Scariest Corporate Debt Bubble In U.S. History We are facing a corporate debt bomb that is far, far greater than what we faced in 2008, and we are being warned that this “unexploded bomb” will “amplify everything” once the financial system starts melting down. Thanks to […]
See You on the Dark Side of the Moon
SEE YOU ON THE DARK SIDE OF THE MOON And if the cloud bursts thunder in your earYou shout and no one seems to hearAnd if the band you’re in starts playing different tunesI’ll see you on the dark side of the moon Brain Damage, Pink Floyd And if the dam breaks open many years […]
Federal Reserve Proposes New Rule To Let Inflation Run “Hot” Ahead Of Next Recession
Federal Reserve Proposes New Rule To Let Inflation Run “Hot” Ahead Of Next Recession As the Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation… … it has now considered launching a new rule that would let inflation run above its 2% […]
Rabobank: “The Global Institutional Architecture Is Collapsing”
Rabobank: “The Global Institutional Architecture Is Collapsing” It’s December, and the start of the season of good will to all and peace on earth. Not much of that about, of course. In the UK, the election has been interrupted by the terrorist attack at London Bridge, which both sides are naturally playing politics with in […]
Dalio & Tudor Jones Warn: “We Will Kill Each Other” If Our Broken Economic System Isn’t Fixed
Dalio & Tudor Jones Warn: “We Will Kill Each Other” If Our Broken Economic System Isn’t Fixed Two hedge fund icons – Bridgewater founder Ray Dalio and Paul Tudor Jones – joined Yahoo Finance for the 2nd annual Greenwich Investment Forum earlier this month. Speaking directly after Connecticut Gov. New Lamont, with whom Dalio is working to […]
Is Lebanon’s central bank a Ponzi scheme ?
Is Lebanon’s central bank a Ponzi scheme ? The situation in Lebanon is deteriorating. Traffic lanes have all been reopened, but a rift has emerged between those who favour the free flow of traffic and the road blockers. The Free Patriotic Movement of President Michel Aoun, the Shiite Amal Movement of parliament speaker Nabih Berri […]
Fed Out of Bailout Bullets – Rick Ackerman
Fed Out of Bailout Bullets – Rick Ackerman Financial writer and professional trader Rick Ackerman says don’t expect a replay of the 2008-2009 financial crisis where the Federal Reserve bailed out almost everything in sight. Ackerman explains, “It ended up Lehman Brothers went under, and they needed a couple of sacrificial lambs, along with Bear […]
