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Olduvai III: Catacylsm
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Finally The “Very Serious People” Get It: QE Will “Permanently Impair Living Standards For Generations To Come”

Finally The “Very Serious People” Get It: QE Will “Permanently Impair Living Standards For Generations To Come” When “very serious people” (even if it is those who once ran now defunct Bear Steanrs) announce it, with a 6 year delay, they make the Financial Times. On the other hand, when Zero Hedge said precisely this 6 […]

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The Monetary Illusion Again in Trade

The Monetary Illusion Again in Trade Just as a follow-up to further highlight and emphasize the “monetary illusion” of currency devaluation in this closed environment, the yen’s returned devaluation against the “dollar” more recently has renewed confusion (or intentional misdirection) about what Abenomics is supposedly accomplishing. Taken solely from the perspective of the Japanese internally, exports […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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