From a Sydney kitchen table to a $29 billion buyout — how two neighbours revolutionised consumer credit
No Index
Policy Creeps
Trump will appoint his political yes monkeys and make sure the Fed does what it is told to do. That will make America’s central bank more like those of Zimbabwe, Venezuela or Argentina.
Turning Japanese
Competition changes all the time. Japan famously had the most dynamic economy in the world…up until 1990. Everyone wanted to learn the latest Japanese buzzwords.
Dark Factories
An hour of a robot’s time — even with a coffee break — should be about as expensive in the US as it is in Vietnam. What matters now is capital, not labor. It takes massive investment to develop.
Why Gold is Going Up
It looks like the administration is doing everything it can — including whimsical tariff threats — to make the value of the US dollar and US bonds go down.
One Scammer After Another
Major cycles — from boom to bubble to bust…from consensual democracy to Big Man rule…from a dynamic, growing empire to a fearful degenerate one — are well underway
