Have you ever wondered who these people are? The people who decide how much capital should cost, how much credit and cash should be issued. You know, the twits who dream up QE, ZIRP and NIRP. Where do they come from? Who pays their wages? Where do they get these
Note: The following is a parody. Characters are fictional (some, at least) and any similarities that may exist with people real or imagined are purely coincidental. Really! December 10, 2015, around 2 AM Zhou Xiaochuan, governor of the PBOC, turns to his wife, unable to sleep: “We just spent $150 billion this
After the series of articles discussing the shale oil industry I received a lot of feedback discussing both shale oil and energy in general, including the following from a reader discussing electricity in Europe: Chris, Here’s the puzzle I am trying to figure out: Will there be mean reversion with regards
Let’s look at a couple of questions from the readers today, shall we? Hi Chris, I love your sharing of thoughts. Really insightful and though you may not realise it, you’ve helped me a lot. I’m an entrepreneur running flat out. I’m juggling so many things, some inevitably fall through
Last week at my son’s football game, a fellow parent remarked to me that bald heads are cool. I actually thought the guy may be off his rocker a bit, but then I figured that maybe he was trying to be nice as I’ve got more hair on my big
Greece is connected to China by the very same thing which has been connecting sex, drugs, and rock’n’roll since Bretton Woods – dollars. Last week I shared some thoughts on the unintended consequences of actions taken in Europe and why Greece may matter as a result. There is zero chance
Yesterday I was speaking with a business partner who’s in Hong Kong for some meetings. He mentioned that many Chinese see the collapse in the stock market as an American conspiracy ahead of the IMF currency decision. It’s curious how humans can be so blind to the obvious. I understand
Watching the ongoing Greek saga unfold is enough to make a blind man grimace. Capital controls which could be seen coming down the track like a freight train are but one more notch on the disaster stick called European Monetary Union. Why talk of Greek debt negotiations is even taking
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