Monthly Archives: March 2015
Not in a Million Years
Storylines serve a valuable purpose. They round out the incongruences and give meaning to things in a way people can quickly comprehend. This is especially true when it comes to the economy. The popular narrative of the day is that … Continue reading
Bet Against the House at Your Peril
The stock market’s on edge. After dropping 278 points last Friday and climbing back 139 points on Monday…the DOW purged 332 points on Tuesday. Wednesday the DOW gave back another 27. By yesterday the storm had past. Sunny skies were … Continue reading
The Beginning of the End for the European Union
The European Central Bank initiated a new mass money debasement scheme yesterday. If you recall, this involves buying €60 billion ($66 billion) a month of European government bonds. Somehow this is supposed to improve the economy. No doubt, the European … Continue reading
The Die is Cast
“Alea iacta est” – Julius Ceasar The NASDAQ crossed the 5,000 mark for the first time since the year 2000 on Monday. What a journey it has been. The world hardly resembles itself just fifteen years later. Practically everything has … Continue reading
