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The Complacency Bubble
The last major global trade war was in 1930 at the start of the Great Depression. Looking back, pundits will be widely discredited for...
3 days ago3 min read

The Paradox of Thrift
"The paradox of thrift, a core concept in Keynesian economics, suggests that while individual savings are beneficial, if everyone tries...
Mar 194 min read

The Depression Trade
News of an impending recession is spreading like wildfire on Wall Street. Over the weekend, Trump admitted there will be some "pain" in...
Mar 103 min read

An Exceptional Crash
It's been over a week since I wrote a full blog piece and my blog magically came back online, so here is an update from last time: On...
Mar 72 min read

MAGA Crash
It was all going so well, then this headline showed up last Friday: The Trump trade war is collapsing consumer sentiment: At the...
Feb 241 min read

Monetary Euthanasia
The endgame consequence of 15 years of continuous monetary bailout is that at this latent juncture, global investors have been...
Feb 182 min read

The Volcker Gambit
Way back in 1980, the (Paul) Volcker Fed jacked up interest rates to record highs in order to extinguish 1970s commodity induced...
Feb 122 min read

The End of Cycle President
Let me be the first and last financial pundit to explain that what Trump is doing right now is ending the 15 year super cycle that...
Feb 72 min read

All Good In Crazy Land
It's been a mere two weeks in Trump Crazy Land. But it feels like two years already... Friday morning, Barron's wrote that Trump had...
Feb 42 min read

The New Captain Titanic
So far, Trump's second term is beginning the same way his first term began with respect to economic policy. In his first term, Trump...
Jan 243 min read

The Golden Age Of Fraud
"And so we're told, this is the golden age And gold is the reason for the wars we wage" The inauguration weekend kicked off with the...
Jan 213 min read

Double Or Nothing In Trump Casino
Two trading days until Trump is inaugurated on the MLK holiday. I've read no pundits warning that next week is the locus of disaster....
Jan 152 min read
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