The Promised Land
POTUS seems to be making good on whatever promises he made in exchange. He keeps sending US weapons and money to Israel. But his ‘base’ is becoming uncomfortable.
The Daily Reckoning Australia
A New Golden Age?
Big Men think Big. And as with Louis 14th’s Versailles, or Mussolini’s Coloseo Quadrato, their projects signal the majesty of their creators…but not necessarily their good taste.
How robots and AI will break economics and make you rich
They call it the problem of scarcity: Resources are limited while human wants are unlimited. But the combination of AI and robots may have solved it.
Stabbed in the Back
The path to bankruptcy and financial chaos is well signposted and well-trod. The Big Man did not discover it. He merely stayed on it.
The Generals and a $30 trillion Retreat
More than half of the stock market wealth is unsupported by real output. The total market cap of US stocks is around $60 trillion. Look for a $30 trillion loss when the bubble finally deflates.
The Sound and the Fury
The numbers do not at all mean what most people think they mean. But at least they were supposed to be misleading on a non-partisan basis…giving false signals to both Republicans and Democrats alike
