Breaking Wind
Lower short-term borrowing rates don’t really make companies stronger or more profitable. They can have the opposite effect, luring corporate executives to take on too much debt.
The Daily Reckoning Australia
Still Faking It
The real cause of America’s shrinking manufacturing capacity is not the nation’s past trade policies (favoring free trade). It’s our monetary policies (favoring fake money!)
When the Lights go out in Omaha
Modern economies are extremely complicated and extremely vulnerable to centralized failure. When the Federal Reserve makes the wrong move, it can crash the whole financial system.
Stinkballs…All of Them
Trump…Trump…Trump…we’re as tired of the subject as you are. But no person will have more effect on the economy or the Primary Trend than the man in the White House. Politics is ascendant.
When the world turns on renewables, what does it turn to instead?
Plenty of experts warned us that the transition to renewables would be painfully expensive. They also predicted something else: blackouts. Now we’ve had one, what happens next?
Conspiracy of Dunces
All political arrangements, being part of life itself, decay over time. Constitutions are re-interpreted. Public mores become more elastic. Bread and circuses tend to replace modest, restrained leader
