David Stockman just published a chart so compelling that he didn’t feel the need to add any commentary. But there are a few things to
Advisor Perspectives’ Doug Short recently published an update on margin debt, accompanied by several well-made charts. But it only takes one to make the point.
Six years into a recovery, stocks at record levels, high-end real estate in the stratosphere and debt levels soaring in virtually every public and private
As the saying goes, you can know a person by the quality of his or her enemies. This is also true of societies, where moral
Government statistics are always suspect, for at least one obvious reason: Modern economies are way too big and complex to measure in real-time. So virtually
In 2005 a New Jersey car dealer named Chris Duane started questioning the system that let his customers borrow ridiculous amounts of money to buy
One of the defining traits of financial bubbles is the willingness of traders and investors to interpret pretty much everything as a buy signal. Rising
In a fiat currency system, perception is, by definition, everything. Paper money has no intrinsic value. So the people saving it and accepting it in
Here’s one for the “seriously, you’re surprised?” file: China pegs its currency, the yuan, to the dollar, the dollar soars, taking the yuan with it…and
One of the oddities of floating exchange rates is that they cause people to view the world in terms of their own national currency. For
Back in the early 2000s, General Electric — previously known as the world’s biggest, best managed maker of cool, useful things like jet engines and
Among the many things that mystify economists these days, the biggest might be the lingering perception, despite six years of ostensible recovery, that the average
Watching formerly risk-averse investors adapt to a negative interest rate world is almost as much fun as watching Europe try to keep Greece and Germany
As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining
Another day, another “unexpectedly” bad economic report. Lately it seems like a lot of what US government statisticians say comes as an unpleasant surprise for
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