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Olduvai III: Catacylsm
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Weekly Commentary: Global Bubbles are Deflating

Weekly Commentary: Global Bubbles are Deflating “Bubble” is commonly understood to describe a divergence between overvalued market prices and underlying asset values. And while price anomalies are a typical consequence, they are generally not among the critical aspects of Bubbles. I’ll start with my basic definition: A Bubble is a self-reinforcing but inevitably unsustainable inflation. […]

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Weekly Commentary: $247 Trillion and (Rapidly) Counting

Weekly Commentary: $247 Trillion and (Rapidly) Counting I chronicled mortgage finance Bubble excess on a weekly basis. Relevant data were right there in plain sight, much of it courtesy of the Federal Reserve. Yet only after the Bubble burst did it all suddenly become obvious. Flashing warning signs were masked by manic delusions of endless […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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