After raising interest rates and getting slapped around by the markets last year, the Fed now appears to accept that future monetary policy can only
This is the second post in a week on Chicago’s epic financial train wreck. That’s a lot of attention and it probably won’t happen again,
When you see that Italy’s debt is rising, the logical question is, who the hell is dumping good money after bad into such an obviously
The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist
Doug Noland’s weekly Credit Bubble Bulletin is always required reading. The latest – befitting the amazing things that have happened lately – is more necessary
We Baby Boomers timed it perfectly. We came of age during in an era of plentiful jobs and relatively high wages. Public pensions were generous.
The apocalyptic fires that hit California last month have left observers scratching their heads and wondering how destruction on that scale could be possible –
There are two ways of looking at the intersection of debt and population. One way says that if debt is rising population should also rise
First developing countries blew up. Then real estate topped and started to roll over. Now oil has entered what CNBC just called its “longest losing
For maybe the best example of how financial trends are diverging at the opposite ends of the wealth spectrum, contrast the cash flowing into the
The Wall Street Journal recently highlighted a better method of analysing the impact of public sector pensions on state and local budgets. The results are
China’s growth over the past decade has been not just impressive, but historically unprecedented. No single country has ever added this many factories, roads, airports
Okay, one more look at wage inflation, followed by a short diatribe on the unfairness of life. As the labor markets get tighter, power is
Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality – that is, the annual decline in bullion demand from China and India
After an artificial pause in 2017, US government debt has resumed its inexorable climb… …the dollar has fallen by around 5%… … and inflation –
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