Sudden Debt

 Milton Friedman once famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced ...

What if the war in Ukraine has nothing to do with NATO, democracy vs. dictatorship, freedoms vs. tyranny? What if it is all about the Fed an...

 Following up on the last post, remember where the Great Debt Crisis hit hardest? It was at those CDO “investments” constructed from putting...

The last few years have seen the creation of a new batch of financial market acronyms: TINA: There Is No Alternative (to stocks) FOMO: Fear ...

 When inflation first started rising during the pandemic, the Fed insisted it was the temporary effect of supply chain disruptions.  And the...

 The Fed has all but officially announced that it will soon start shrinking its bloated balance sheet by approx. $90 billion per month.  And...

 President Biden has proposed a new 20% “billionaire tax” for his 2023 budget.  Here’s a dumb question: given that (a) it targets the uber r...

  Conventional wisdom: The West has shown remarkable unity in imposing sanctions against Russia.   They will hurt the invader so much that i...

“This battle will not be won in days or months. We need to steel ourselves for a long fight ahead." US President Biden speaking in Pola...

 One of the better predictors of recessions is the yield curve, especially when it inverts and/or flattens out very fast (ie when short term...