The Housing Bubble Is Back
Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as
Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as
The rise of French far-right presidential candidate Marine Le Pen has made a lot of people nervous since, among many other things, she’s in favor
Last year the California Public Employees’ Retirement System, otherwise known as Calpers, cut the expected return on the funds it invests for plan beneficiaries from
For a while there it looked like the US and its main trading partners had finally achieved escape velocity. Growth was up, inflation was poking
“White privilege” is such a commonly accepted pillar of American society that it’s become material for comics. As Chris Rock tells his audience in the
Readers of a certain age will remember when state universities were a bit spartan but extremely cheap. Middle class families could send their kids to
Inflation is back, thanks to the past few years’ exuberant borrowing and currency creation. Meanwhile, populist politicians are gaining traction in Europe, threatening both the
When the history of these times is written, former Fed Chair Alan Greenspan will be one of the major villains, but also one of the
In 1980, the US government – along with pretty much all of its peers – began borrowing at an accelerating rate. Note on the following
For what seems like decades, people have been warning that the next time some over-leveraged corner of the financial system implodes, bank and brokerage accounts
Jay Taylor’s Gold Energy & Tech Stocks Newsletter has unearthed some huge winners lately. Here’s an excerpt from his weekly update that concludes with three
What do the following headlines have in common? US wages grow at fastest pace since 2009 Euro area economy ended year with strongest growth since
The Trump Christmas stock market rally has taken valuations beyond a point that in the past has signaled trouble, which in turn has generated a
ECB Chairman Mario Draghi’s announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming
Back in 2013 interest rates in the US and elsewhere started to rise, and the results were scary to put it mildly. Here’s an excerpt
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