What was “possible” yesterday is now a low-cost proven capability, and the consequences are far from predictable.Predictably, the mainstream media is serving up heaping portions of reassurances that the drone attacks on Saudi oil facilities are no big …
All of America’s bubbles will pop, and sooner rather than later.Financial bubbles manifest three dynamics: the one we’re most familiar with is human greed, the desire to exploit a windfall and catch a work-free ride to riches.The second dynamic ge…
Either we root out every last source of rot by investigating, indicting and jailing every wrong-doer and everyone who conspired to protect the guilty in the Epstein case, or America will have sealed its final fall.When you discover rot in an apparently…
If these three charts reflect a “normal” “healthy” Bull market, then why are they so uncommon?
Any domino-like expanding crisis will unfold in a status quo lacking any coherent response.
What happens when these monstrous speculative bubbles pop?Let’s start by stipulating that if I’d taken a gummit job right out of college, I could have retired 19 years ago. Instead, I’ve been self-employed for most of the 49 years I’ve been workin…
The Everything Bubble has topped out, and trying to push it higher for the next 14 months is a sure way to increase the damage next year.One of the more reliable truisms is that Americans vote their pocketbook: if their wallets are being thinned (…
Having destroyed discipline, central banks have no way out of the corner they’ve painted us into. It was such a wonderful fantasy:
Does anyone really think The Everything Bubble can just keep inflating forever?What do I mean by a profoundly shattering recession? I mean, a systemic, crushing recession that can’t be reversed with central bank magic, a recession that o…
This is a chart of an informal kleptocracy which cloaks itself in the faux finery of democracy and a (rigged) “market” economy.
