As the U.S. dollar strengthens against other currencies, the phantom corporate profits generated by a devaluing dollar will vanish.
One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it ar…
Dr. Doom has given up hope for Greece
. In an FT piece, he says it’s time for Greece to default and abandon the euro.
The basic idea — which he outlined in a research piece a piece on Friday — is that Greece under the euro will lead to years and …
Skunked
Medicare, Medicaid and Social Security now account for 44% of total federal spending and are steadily rising.Previous Congresses (and Administrations) have relied on the assumption that we can grow our way out o…
(be forewarned, this is a long post)
Thesis:
Economic growth and the excitation of ‘animal spirits’ can only occur in a supply constrained environment.
What the supply/demand balance looks like through the seasons of Kondratiev:
Spring comes when t…
