The Dirty Work of History
Could these things be corrected? Could the slippage be stopped? Yes, theoretically. But in practice, History has her own story to tell.
The Daily Reckoning Australia
The bond market has a licence to kill you
Bond yields can rise because of optimism. Investors selling bonds to buy stocks. But that’s unlikely to explain the recent surge in yields. So, what does?
No Hiding from the Boom/Bust Cycle
There are the producers and the consumers. Everything else in economics is detail, elaboration, politics, and fakery (DEPF). As time goes by, DEPF tends to increase…at the expense of real activity.
Funny Money Express
Massie stops precisely nothing. He votes ‘no,’ but he is like a hollow gong…out of tune with the new Trumpians. And the Funny Money Express just keeps picking up speed.
How the US-China summit rewrites the global order
Last week’s summit between the US and China was a step in thawing the relationship between them. While the most important issues remain unresolved, it’s important to note that the global order is shifting…
Far from the Wall Street Crowd
It is always a mistake to base investments on macro guesses. Even if you’re right about the trends, they often don’t have the results you expect.
