Our leaders have taken us down a path that only has one ending, regardless of how rosy a picture they paint. Expect wealth confiscation, destruction of the middle class, as everyone finds out what really happens when debt is “cancelled”.
Watch this: It’s called obligate siblicide. That’s pretty screwed up. You know what else’s screwed up? The largest economy in the world and bearer of what is still the world’s reserve currency has an ever increasing debt pile, which looks close to toppling over. Now, I’ll take this opportunity to
Welcome back! It happens waaay too infrequently but my gorgeous wife and I just had a couple days away sans kids. Sooo good. Reaally so good. It is also why this is landing in your inbox a couple days later than it usually does. But here’s a taste of what
Years ago it seemed that when you hit 65 you’d retire, receive a gold watch, and proceed to spend your pension money on a rocking chair and pot plants. Ten years later you’d be in a box and, since pot plants are cheap, the cost of keeping you alive wasn’t prohibitive. Not anymore. Today
Today’s podcast is a little different. I speak with Raoul Pal and we cover a number of topics, running from one to another as they crop up. I hope you’ll enjoy it as much as I always enjoy speaking with Raoul. A Renowned Global Macro Investor For those of you who’ve never
I apologise in advance today. I don’t have any humour in me, or anything much positive to say – mostly just sadness and a reflection on much of what we’ve been discussing on this blog. Raoul Pal quite correctly mentions that in recessions bad things happen. I don’t think he meant
Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all it’s glorious insanity.