The inevitable end of the dollar’s hegemony has consequences.
Obscured by stock market hoopla, and under the leadership of our fearless Treasury Secretary Jack Lew, the G-20 finance honchos fret about faltering global growth.
The word “gloomier” inconveniently showed up to describe CEOs outlook about sales, employment, and capital expenditures. Yet, these CEOs spend record amounts, not on productive uses such as capital expenditures or hiring more people, but on buying back their own shares.
Subprime giveth, subprime taketh away.
Hapless American consumers appear to have hit a limit.
In China’s debt-fired economy, lenders are going to take the heat.
The magic mix becomes toxic.
Not everyone is irrationally exuberant in my beloved and crazy San Francisco, serial epicenter of magnificent bubbles and their subsequent busts.
The price of manipulation keeps dropping.
The “faster rotating sanctions spiral with Russia” causes the worst plunge in the history of the German consumer index going back to 1980.
