Truth Will Out
The truth comes out. That’s what busts are for. You can’t make people richer by printing more pieces of paper or lowering their interest rates. Those truths are only whispered softly at the beginning.
The Old Barkers’ Con
The Old Barkers’ Con
Prices — including the price of credit — are primarily information. They signal the relationship between money available for lending and the demand for loans.
One preposterous flim-flam after another
One preposterous flim-flam after another
Everything, every asset class…every shopping decision…and every dollar has been distorted, stretched…twisted, puffed up and corrupted.
Stroll Through BubbleLand
Stroll Through BubbleLand
The feds can’t stop spending. And they can’t afford to let interest rates rise. Look for more intervention…more debt, and a dollar that shrinks like cotton candy.
Is this ‘Peak Bubble’?
Is this ‘Peak Bubble’?
That is the nature of a SuperBubble. You may already be hoist to dizzy heights, but there is nothing that says you can’t go higher.
Whee!
Whee!
As an empire becomes more costly…less productive…and more top-heavy, growth slows and corruption speeds up. It is as if the rascals see the ship sinking…and loot it before it goes down.
No More Mr. Nice Guy
No More Mr. Nice Guy
If the pattern of history holds up, people will go along with almost any public fraud as long as the system appears to be working. But then, when the system runs out of money, more muscle is needed.
The Coming Global Monetary Reset
The Coming Global Monetary Reset
We stood on the veranda Wednesday night…about 8:30 in the evening. A rectangle of thick, smoked glass…taken from a welder’s screen…was held up to our eyes. Then, turning to the sun, we saw a rare celestial spectacle — an eclipse of the sun.
Wall Street’s Odor of Decay
Wall Street’s Odor of Decay
Every bubble eventually makes eye contact with its pin. The AI craze is facing all the prickly thorns that typically doom an investment mania.
Vanishing Midnight Visions
Vanishing Midnight Visions
Now, we have a source not just of info, but of judgement — knowledge itself. LLMs (Large Language Models) are clever. They will do your thinking for you. No more ‘mistakes,’ right?
