Summary: Previous posts have discussed our perilous situation and how we got into this predicament. Let's take a step back and ask why we are here. The says much about where we're going. Contents We're living on a volcano Let's look at the volcano How big an eruption might we get? What can we do … Continue reading The global economy is sitting on a volcano. What happens next?
Summary: One in a series of thought-starters about this era, the end of the post-WWII era. A harsh but accurate analysis of the lust for savings and austerity that has -- too late -- gripped the West. And a pessimistic forecast. Excerpt from Global Macro Investor, Raoul Pal (an A-team hedge fund manager), June 2010: … Continue reading Is there any way out from the burden of government debt?
From a brilliant observer writing from Javea, Spain. An essay from someone well worth listening to. I strongly recommend reading it, carefully. The November electons are coming, and they might be the last exit off the road we're traveling. "Summer Holiday? I wish it were...", Raoul Pal, GMI, August 2008 -- Excerpt: The World's biggest … Continue reading The World’s biggest mess