This collapse of price will manifest in all sorts of markets that are based on debt-funded purchases of desires rather than a warily prudent priority on needs.Since markets are supposed to discover the price of excesses and scarcities, i…
The eventual price of substituting magical thinking and survivorship bias for actual evidence will be far higher than the complacent realize.Here’s a sampling of complacent assertions being made about the COVID-19 virus as if they were certitudes:It’s …
The Fed must now accept responsibility for what happens in the end-game of the Moral-Hazard Monster Bubble it created.Contrary to popular opinion, the Federal Reserve didn’t set out to create a Monster Bubble that has escaped its control. Also con…
When the stampede tumbles off the cliff, buyers vanish and markets go bidless.
Only fools are blind to the potential for this uprising to extend to Apple and the rest of Corporate America’s greedy exploiters who’ve been delighted to profit from the protection of the CCP. Let’s start our “Come to Mao” reckoning with the obvious:To …
Ending the limited quarantine and falsely proclaiming China safe for visitors and business travelers will only re-introduce the virus to workplaces and infect foreigners.China faces an inescapably fatal dilemma: to save its economy from collapse, …
When you’ve been lied to, you’ve been betrayed. Betrayal has consequences.Unsurprisingly, denying the pandemic is unstoppable and consequential is the order of the day: authorities everywhere are terrified these realities might leak through all th…
Will we wonder, what were we thinking? and marvel anew at the madness of crowds?When we look back on this moment from the vantage of history, what will we think? Will we think how obvious it was that the coronavirus deaths in China were …
Was it ever plausible that China’s economy could grind to a halt and there wouldn’t be any consequences for the U.S. economy? No.Many commentators talk about supply chains in China, but how many have actually visited factories in China, other than care…
If we accept what is known about the virus, then logic, science and probabilities all suggest we brace for impact.Here’s a summary of what is known or credibly estimated about the 2019-nCoV virus as of January 31, 2019:1. A statistical study from highl…
