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Olduvai III: Catacylsm
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Everything Is Broken

Everything Is Broken Broken Credit Broken Retirement Broken Stocks Broken Data Broken Unemployment System Puerto Rico, Vaccines, and Some Good News Broken lines, broken strings, Broken threads, broken springs, Broken idols, broken heads, People sleeping in broken beds —Bob Dylan, “Everything is Broken” from the album Oh Mercy, 1989 I was on a client call earlier […]

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Brexit, EU, Germany, China and Yellow Vests In 2019 – Something Wicked This Way Comes

Brexit, EU, Germany, China and Yellow Vests In 2019 – Something Wicked This Way Comes  – “Something wicked this way comes” warns John Mauldin– Shaky China: Chinese landing could be harder than expected– Brexit and EU Breakage: “I have long thought the EU will eventually fall apart”– Helpless Europe: If Germany sneezes, their banks & the rest […]

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Debt Alarm Ringing

Debt Alarm Ringing Addicted to Debt Lost Exorbitant Privilege Trigger Points Frankfurt, Cleveland, Golf, and Here and There Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash available yet. Whether it’s wise or not […]

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China for the Trade Win?

China for the Trade Win? Empire of Debt Debt in Pictures Wargaming the Trade War Some Thoughts on Getting Through the Great Debt Reset San Francisco, Frankfurt, and Puerto Rico? With all the trade war talk, we all ask the obvious question: Who will win? President Trump says the US will win. Chinese business leaders […]

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“This Will Be The Mother Of All Minsky Moments”

“This Will Be The Mother Of All Minsky Moments” We have all had the fun as kids of going to the beach and playing in the sand. Remember taking your plastic bucket and making sandpiles? Slowly pouring the sand into ever bigger piles, until one side of the pile starts to collapse? In his very […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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