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Olduvai III: Catacylsm
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Weekly Commentary: The Grand Crowded Trade of Financial Speculation 

Weekly Commentary: The Grand Crowded Trade of Financial Speculation  Even well into 2017, variations of the “secular stagnation” thesis remained popular within the economics community. Accelerating synchronized global growth notwithstanding, there’s been this enduring notion that economies are burdened by “insufficient aggregate demand.” The “natural rate” (R-Star) has sunk to a historical low. Conviction in […]

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The Coming Of Depression Economics

The Coming Of Depression Economics Like it or not, this is where we have been all along and a great many people are just now catching up. No matter what Janet Yellen says about the economy, she is talking out the side of her mouth. Internally, the recovery is gone, and it is never coming […]

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Something Very Disturbing Spotted In A Morgan Stanley Presentation Slide

Something Very Disturbing Spotted In A Morgan Stanley Presentation Slide With central bankers losing credibility left and right, and failing outright to boost the “wealth effect” no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a necessary and sufficient […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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