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- December 18, 2020
Stock Market Party
"History repeats itself, that's one of the things that's wrong with history.”
—Clarence Darrow (1857-1938), American lawyer
Read more"History repeats itself, that's one of the things that's wrong with history.”
—Clarence Darrow (1857-1938), American lawyer
Read moreThe essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process… At the heart of capitalism is creative destruction.
Read moreGrowing income and wealth inequality were on my (and probably your) radar screen long before COVID-19 came along. The pandemic has made them both more obvious and more urgent. The actions by the Federal Reserve have widened the gap. We are now in a situation where society’s upper echelon can easily stay safe and prosperous while the lower segments live precariously and dangerously.
Read moreThe Debt Supercycle theory traces the increasing transfer of private debt to government balance sheets, highlighting its implications, the unique constraints of government debt management, and potential future scenarios—including the limits of government borrowing, the role of bond vigilantes, and the risk of a major fiscal crisis if current trends continue.
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