Summary: As one market after another drifts off into bubble valuations, a few institutions warn of the consequences. As usual (we’ve done this so many times), we ignore them — our passivity and ignorance earning our role as the deep pockets paying for the resulting damage. This post looks at a few of the warnings …
Let’s ignore another warning from the BIS. Do we enjoy paying for burst bubbles? Read More »
Summary: Yesterday’s post The end of the post-WWII world is not the end of the world discussed the large-scale processes at work now. Today we discuss the most astonishing — and seldom seen — aspect of these things. The problems of the many individual nations in crisis have received ample attention from experts. The two global …
The unseen but perhaps decisive grand alignment of the nations! Read More »
Summary: Many economists and pseudo-experts forecast not just the long-anticipated “v” recovery, but an acceleration of the current good news into a boom. Before we pop the corks, let’s look at the recovery, what the recovery cost us,  and how we’ve spent this expensively bought time. What happened in 2011? 1.8 million new jobs (from the current employment survey) Increase …
We have an economic recovery. It costs $1.1 trillion per year – and might still fail Read More »
