Façade
We’ve been following what we believe is the crack-up of US family finance. Real wages are falling. Mortgage rates are rising. House prices are beginning to go down.
Macroeconomics: Global Central Banks News & Highlights
All About the Money
As we guessed last week, the two legs of American middle-class wealth, income and houses, are buckling. It’s still very early…but both seem to have begun downtrends.
Joseph Wang: Are Markets Misreading the Fed?
Are the markets misreading the US Federal Reserve’s intention to curb inflation? And what are the risks of misreading the Fed? Find out on our latest Podcast
The R-Word
Fearing a recession is a psychological phenomenon. Experiencing one is a whole different thing. And if fear were the real risk, the recession itself must be of no importance.
If El Salvador Is the next Sri Lanka, Then Who’s after That?
If we’re headed into another debt crisis and severe global recession, then the chickens of ill-conceived central banker and government policies will come home to roost.
The Fed’s Secrets
empires need enemies. China is a good one. It’s big. It’s powerful. And it’s a plausible candidate to replace the US as the world’s number one hegemon.
