Wealth Tax – A Warning To (All) Taxpayers
Over the last two decades, Western economies have been increasingly driven by debt. A significant contributor to the 2008 stock market crash was unsustainable debt. How did we fix the problem? We loaned even more. Since then Western nations have doubled the national...
Our Economy Is Going to Hit an Iceberg in 10 Days
The U.S. economy appears to be headed for an iceberg in just over a week, thanks in part to a dumb technicality that Congress accidentally overlooked while passing its coronavirus relief legislation in March. In theory, the $600 per week federal unemployment benefits...
Second-Order Effects: The Unexpectedly Slippery Path To Dow 10,000
A recent Barrons cover celebrating the euphoric inevitability of Dow 30,000 captured the mainstream zeitgeist perfectly: Corporate America is firing on all cylinders, the Federal Reserve’s god-like powers will push stocks higher regardless of any other...







