Tag Archives: business cycle
A Walk on the Wild Side
“Never play cards with a man called Doc. Never eat at a place called Mom’s. Never sleep with a woman whose troubles are worse than your own.” – Nelson Algren, A Walk on the Wild Side Fresh Fruit or Rotting … Continue reading
How to Blow $12.2 Billion in No Time Flat
One month ago we asked: What kind of stock market purge is this? Over the last 30 days the stock market’s offered plenty of fake responses. Yet we’re still waiting for a clear answer. The stock market, like the President, … Continue reading
Broken Promises
Consumer debt, corporate debt, and government debt are all going up. But that’s not all. Margin debt – debt that investors borrow against their portfolio to buy more stocks – has hit a record of $642.8 billion. What in the … Continue reading
When Budget Deficits Will Really Go Vertical
United States Secretary of Treasury Steven Mnuchin has a sweet gig. He writes rubber checks to pay the nation’s bills. Yet, somehow, the rubber checks don’t bounce. Instead, like magic, they clear. How this all works, considering the nation’s technically … Continue reading
