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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...
Mar 243 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


Artificial Intelligence Collapsing
Last week, Trump was running amok threatening tariffs on every corner of the world. Friday in Tokyo the BOJ hiked rates for the first...
Jan 273 min read


How To Protect Money In a Financial Crisis
Before I begin, I want to be clear that I am not a financial advisor and therefore this should not be construed as financial advice. What...
Jan 257 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
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