Our “Wealth”: Cloud Castles In The Sky
Buyers know there will always be a greater fool willing to pay more for an over-valued asset because the Fed has promised us it will always be the greater fool…
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Too Busy Frontrunning Inflation, Nobody Sees the Deflationary Tsunami
Those looking up from their “free fish!” frolicking will see the tsunami too late to save themselves…
Continue readingThe Next Leg Down: The Top 10% Are About to Take a Hit
No federal bailout or stimulus can reverse these three dynamics, and no amount of legerdemain can replace the spending of the top 10%…
Continue readingWelcome to the Crazed, Frantic Demise of Finance Capitalism
The cognitive dissonance required to ignore the widening gap between the real economy and the fraud has reached a level of denial that can only be termed psychotic…
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