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Olduvai III: Catacylsm
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Hobson’s Choice

Hobson’s Choice More than two months have passed since the August “flash crash.” Fragilities illuminated during that bout of market turmoil still reverberate. Sure, global markets have rallied back strongly. Bullish news, analysis and sentiment have followed suit, as they do. The poor bears have again been bullied into submission, as the punchy bulls have […]

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The Liquidity Crisis Intensifies: ‘Prepare For A Bear Market In Bonds’

The Liquidity Crisis Intensifies: ‘Prepare For A Bear Market In Bonds’ Are we about to witness trillions of dollars of “paper wealth” vaporize into thin air?  During the next financial crisis, a lot of “wealthy” investors are going to be in for a very rude awakening.  The truth is that securities are only worth what […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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