We warn hipsters, “Don’t let the hippie man keep you down.” As the intergenerational baton is passed to a bigger voting bloc called ‘Millennial’, we look at the economic consequences to all the Ponzi and pyramid schemes which worked well…
In an economy based on borrowing, i.e. credit a.k.a. debt, loan defaults and deleveraging (reducing leverage and debt loads) matter. Consider this chart of total credit in the U.S. Note that the relatively tiny decline in total credit in 2008…
Gold was up 1.5% and silver surged 3.1% yesterday after Janet Yellen again failed to raise rates from record lows at 0.25%. The Fed maintained ultra loose monetary policies which are again creating stock and bond market bubbles in the…
Wall Street, America’s most despised industry, is putting all of its eggs in the Hillary Clinton basket. I must say, I’m actually pretty shocked at the extent to which the industry’s heavyweights are backing her. There’s really only one explanation — they…
Though Edward Luttwak’s The Grand Strategy of the Roman Empire: From the First Century CE to the Third is not specifically on the rise and fall of empires, it does sketch out the three stages of Empire. Here is the…
We discuss the lessons from Calvin of Calvin & Hobbes fame on the exorbitant privilege of unfairness for bankers. We look at the game theory behind Deutsche Bank’s too big to fail, too broke to punish sweet spot as it…
We discuss the lessons from Calvin of Calvin & Hobbes fame on the exorbitant privilege of unfairness for bankers. We look at the game theory behind Deutsche Bank’s too big to fail, too broke to punish sweet spot as it…
Here’s the most concerning part… Putin, a former KGB agent, “doesn’t have a soul,” Clinton quipped on the eve of the 2008 New Hampshire presidential primary, riffing off of President George W. Bush’s comment seven years earlier that he had looked into…
Consumers are becoming more financially savvy, all thanks to the explosion of personal finance blogs that cater to different categories of people. One of the most profound wisdom nuggets in the personal finance industry is the need for people to…
Let’s start with a simple chart of the Fed Funds Rate, which the Federal Reserve has pinned near zero for years. This Zero Rate Interest Policy (ZIRP) is the god the PhD economists in the Fed and other central banks…
Central Banks Gold Diversification Ongoing – “Sensible Precaution” by John Stepek, Editor of Money Week Central banks have got the economy and markets covered. They know what they’re doing. Their theories are backed up by decades of academic research and…
The Internet is not so Free Today the internet is the most critical tool for people to communicate with each other. We have all been doing it with the help of middlemen, or should I say companies like Gmail, Slack,…
Are you sitting on the sidelines of financial markets because you feel that you lack the confidence and expertise to invest your money? Such sentiment is very common, especially among the younger generation. In fact, 93 percent of those born…
The Fascist Business Model incorporates all the worse elements of Keynesian economics, a broken fallacious school of thought. The model also integrates a vast system of economic heresy, put forth as public address dogma. All their messages are wrong. They…
Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators…