The Economic Cataclysm Ahead

The Economic Cataclysm Ahead

To understand the economic cataclysm ahead, do the math.  Those expecting the Covid-19 pandemic to leave the U.S. economy untouched are implicitly making these preposterously unlikely claims: 1. China will resume full pre-pandemic production and shipping within the...
Skyrocketing Costs Will Pop All The Bubbles

Skyrocketing Costs Will Pop All The Bubbles

The reckoning is coming, and everyone who counted on “eternal growth of borrowing” to stave off the reckoning is in for a big surprise. We’ve used a simple trick to keep the status quo from imploding for the past 11 years: borrow whatever it takes to keep paying the...