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Olduvai III: Catacylsm
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Crisis, Crash, Collapse

Crisis, Crash, Collapse We have a fine-sounding word for running with the herd: momentum. When the herd is running, those who buy what the herd is buying and sell what the herd is selling are trading momentum, which sounds so much more professional and high-brow than the noisy, dusty image of large mammals (and their […]

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First the Deflationary Deluge of Assets Crashing, Then the Tsunami of Inflation

First the Deflationary Deluge of Assets Crashing, Then the Tsunami of Inflation Once the pool of greater fools dries up, stocks crash regardless of what the Fed does or bleats. The conventional view is the Federal Reserve creating trillions of dollars out of thin air will trigger inflation. Not so fast. Yes, creating trillions of dollars out of […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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