There are no extreme “fixes” to secular declines in sales, profits, employment, tax revenues and asset prices.The saying “never let a crisis go to waste” embodies several truths worth pondering as the stock market nears new highs. One truth is tha…
There is more than a little “let them eat brioche” in the blind faith that the masses’ patience for pillage is infinite.We’ve reached an interesting moment in history where we each have a simple choice: we either go with blind faith or we go …
The doses of Delusionol(tm) required to believe “this time it’s different” are becoming dangerous.Here we go again, another tech bubble is expanding like a supernova and the financial media is declaring (as it does during every bubble) “this time it’s …
The world’s worst negotiating strategy is to make a crazy tulip-bubble stock market rally dependent on a trade deal that harms the interests of the U.S.The world’s worst negotiating tactics, the equivalent of handing the other side a loaded gun while w…
Central bankers and media handlers must be laughing at how easy it is to slaughter the Bears and doubters with another fake-news round of trade-deal rumors and another Fed parrot being prompted to repeat some dovish mumbo-jumbo.It’s not just tough bein…
What cannot be replaced by corporate chains is neighborhood character and variety.There is much more to this article than first meets the eye: In a Tokyo neighborhood’s last sushi restaurant, a sense of loss”Eiraku is the last surviving sushi bar …
Eventually reality will intrude in this pleasant madness.OK, let me see if I have this right: the stock market is soaring because the economy is softening, so the Federal Reserve panicked and went from raising rates to considering cutting rates.It…
Those who own stocks and housing now will continue getting richer, those who don’t will be priced out of these markets.A classified Federal Reserve memo sheds new light on the Fed’s confidence in its control of the economy and the stock and housing mar…
Entering commoditized, fiercely competitive low-margin services cannot substitute for the high-margin profits that will be lost as global recession and saturation erode iPhone sales.Apple has always been equally an enterprise and a secular religion.&nb…
With each passing day, we get closer to the shift in the tide that will sweep away this self-serving delusion of the ruling elites like a crumbling sand castle.Those living in revolutionary times are rarely aware of the tumult ahead: in 1766, a me…