Free Money!
The point we were making yesterday was that no matter how much life insurance you buy…you will still die.
Cats on Fire
Cats on Fire
‘Why do fools fall in love?
‘Why do birds sing so gay
‘And lovers await the break of day
‘Why do they fall in love’
Seeking Alphas
Seeking Alphas
‘Birds do it, bees do it
‘Even educated fleas do it
‘Let’s do it, let’s fall in love’
The Untamed Future
The Untamed Future
When we left you on Friday, we were describing how the theories of Richard Lachmann suggested that there may be a way to avoid the coming catastrophe.
Middle-Class Blues
Middle-Class Blues
Uh oh. More bad news for the middle class. Fortune: ‘National home prices fall for the seventh straight month’:
Crossing the Calchaqui
Crossing the Calchaqui
‘I was thinking maybe instead of building houses, we could live in tepees because it’s better in a lot of ways.’
Time to ‘STFB’?
Time to ‘STFB’?
‘How did this happen?’
That Sinking Feeling
That Sinking Feeling
The Fed raised rates by 25 basis points (0.25%). In the morning, investors thought they saw Janet Yellen at work. But by the afternoon they were sure it was Paul Volcker, raised from the dead, and sneaking back into the Fed.
A Poisoned Broth
A Poisoned Broth
Not a good situation for the banks holding commercial property loans. Their collateral is falling in value as their borrowers have trouble repaying or refinancing their loans.
The Road to Argentina
The Road to Argentina
There are only two ways to resolve the debt crisis — either inflation or deflation. Either the bad debt (as much as US$50 trillion of it, by our estimate) gets written off or inflated away.
