The Great Pruning
Major innovations begin by destroying wealth. New tech — from internal combustion engines to dot-coms to AI — offers to cut costs for both consumers and producers. AI may be exceptionally deflationary.
The Daily Reckoning Australia
Manufactured outrage, false narratives and radicalisation: Unveiling the dark conspiracy network
Beyond Eric Swalwell and #MeToo, the Department of Justice indicted the Southern Poverty Law Centre for money laundering and wire fraud.
Expelled from Paradise
Surely faster growth will help earnings catch up to prices, right? No need for the bubble to pop? Today’s stocks may seem cheap when this growth surge is fully realized. Right?
Breaking Math
Speculators buy into bubbles, not investors. In the bubble psychology, speculators believe that they can buy high…and sell even higher.
The National Debt is Too…Small?
Twenty years after the Howard government paid off our national debt, Australia is back in debtors’ prison. But is it really such a bad place to be?
From Bubble to Eternity
By almost all measures, US asset prices are in a bubble. Based on Cyclically Adjusted P/E ratios, the S&P 500 has been this high only one time in history — at the height of the Dot.com bubble.
