Tag Archives: debt
Thirteen Reckonings Hanging in the Balance
The NASDAQ slipped below 8,000 this week. But you can table your reservations. The record bull market in U.S. stocks is still on. With a little imagination, and the assistance of crude chart projections, DOW 40,000 could be eclipsed by … Continue reading
The Degrading Facts of a Fake Money Hole in the Head
Today we begin with the facts. But not just the facts; the facts of the facts. We want to better understand just what it is that’s provoking today’s ludicrous world. To clarify, we’re not after the cold hard facts; those … Continue reading
America Goes Full Imbecile
Credit has a wicked way of magnifying a person’s defects. Even the most cautious man, with unlimited credit, can make mistakes that in retrospect seem absurd. But an average man, with unlimited credit, is preeminently disposed to going full imbecile. … Continue reading
What Fed Chair Powell Forgot to Mention
What are the chances of Federal Reserve Chairman Jerome Powell being wrong? The chances he’ll be wrong on the economy’s growth prospects, the direction of the federal funds rate, and inflation itself? Our guess is his chances of being wrong … Continue reading
