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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...
21 hours 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...
6 days ago4 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

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

A Banquet of Consequences
"Sooner or later everyone sits down to a banquet of consequences" Denial has officially moved past the "This is not happening" phase to...
Jan 102 min read

2025: Year of Panic
2024 was the Year of Ponzi, therefore I predict that 2025 will be the year of panic. First I will discuss Wall Street's predictions and...
Jan 14 min read

Here Comes Santa Crash
So far, the most highly anticipated Santa Rally in world history is heading in the wrong direction. Chalk that up to lessons in Ponzi...
Dec 30, 20242 min read
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