Leaders face a no-win dilemma: any change of course will crash the system, but maintaining the current course will also crash the system.
I’ll say it again: Hillary is a horse that ain’t gonna finish. The Democrats better be prepared to haul Uncle Joe out of the closet, fluff up his transplanted hair, wax his dentures, give him a few Vitamin B-12 shots, and stick a harpoon in his fist for the autumn run against the White Whale (if Trump is actually nominated).
There are a number of reasons why adopting the USD is a natural choice for any Venezuelan government that is not bent on self-destruction.
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I hope you’re enjoying these horse latitudes of the political year, when the seas suddenly turn glassy and the Berning sun begins to roast all the diverse and inclusive hands …
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The only “growth” we’re experiencing are the financial cancers of systemic risk and financialization’s soaring wealth/income inequality.The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane.The Keynesian god o…
In 2013- 2014, earlier in this economic cycle, I attended a few economic conferences to get a feel what other people were saying about the status of the housing market. At that time, everyone seemed to share the sense that housing starts were going back to their 50 year average of 1,500,000 per year, in […]
Destroying our ability to discover the real cost of assets, credit and risk has not just crippled the markets–it’s crippled the entire economy.
Geography charts the financial destiny of households, at least in terms of housing.Everyone who follows the statistics of rising income and wealth inequality knows we’re becoming a nation of haves and have-nots. What’s not being discussed is the role o…
Welcome to a currency war in which victory depends on your perspective.History has shifted, and we’re leaving the era of central bank convergence and entering the era of central bank divergence, i.e. open conflict. In the good old days circa 2009-…
Japan has proven that decay can be stretched into decades, but it has yet to prove that gravity can be revoked by central bank monetary games.<
