These Big Inflation Numbers Are Interesting But Ultimately Unimportant
It’s been hard to untangle the many causes of inflation’s sudden surge. How much is due to the…
Continue readingJohn Rubino
CLOs Join The Everything Bubble
The “Everything Bubble” has jumped from hyperbole to literal truth in just a couple of years, as more and more assets enter crazy expensive, extremely reckless territory. The latest addition…
Continue readingAmerican Hysteria And The Covid-19 X-Files: Where’s Agent Mulder When We Need Him?
Was it an overreaction by jumpy politicians who chose to err on the side of safety? Or was it…
Continue readingConfronted with a Nightmare Scenario
There is no easy way out for the financial mess the United States has created for itself…
Continue readingWhat If “Transitory” Inflation Is Here To Stay?
One of the emerging trends in the almost-post-covid economy is companies suddenly having to…
Continue readingYet Another Ridiculous Stock Market Bubble, In Three Charts
The Fiat Currency Age is nothing if not repetitious…
Continue readingHow Can These Two Trends Coexist?
People making money are indulging in new cars. At the same time other people are too broke to cover their payments. This is the result of a seriously screwed-up financial system […]
Continue readingParadise Lost: A Problem That Can’t Be Fixed
A single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure, all of these and more are…
Continue reading“A Fed With No Fear of Inflation Should Scare Investors”
When the MSM frets that an inflation scare will spook the markets, that concern can become a self-fulfilling prophecy. It also makes…
Continue readingNFTs Join The “Everything Bubble”
Digital assets called non-fungible tokens, or NFTs, are now attracting ludicrous amounts of hot money for things of seemingly dubious value…
Continue readingIs “Temporary Inflation” A Real Thing?
As for temporary inflation, one could make the case that it’s already raging…
Continue readingWell This Action In The Markets Looks Disturbingly Familiar
If history is repeating, a few more days of this and the federal government will feel obligated to intervene. But how exactly does it fix an…
Continue readingWelcome To The Third World: Texas…Really??
This is serious, because (at least according to US conventional wisdom) what sets us apart from the typical banana republic is competence and…
Continue readingIf This Isn’t A Blow-Off Top …
We’re witnessing the greater fool theory taken to its logical extreme. Unfortunately, since a national government doesn’t have money of its own…
Continue readingThe Number That Blows Up The World’s Financial Markets And Causes Mass Bankruptcy
We’re deluged with numbers these days, many of them huge, ominous departures from historical norms. But one matters more than the others…
Continue readingIs This The Biggest Financial Bubble Ever? Heck Yes It Is!
When this one pops there won’t be a lot of hiding places…
Continue readingAristocrats vs “We the People”
We’re stuck with this system, and the biggest financial bubble in human history…
Continue readingReddit Giveth, And Reddit Taketh Away
It’s like the whole thing never happened, leaving nothing but sleep deprivation in its wake. The lesson? Actually, there are several…
Continue readingWhen Wall Street Predator Becomes Wall Street Prey
It’s as if the Super Bowl audience started rushing the field and tackling Tom Brady for a loss – on every play…
Continue readingThe Bailout Binge Begins
President-Elect Biden just proposed that $10,000 of student debt be forgiven for each borrower. This sounds generous but is actually just the opening bid in a…
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