Will Global Natural Disasters Compound Global Financial Disasters?
Every enduring agrarian society learned to store surplus harvests for infertile times. Conversely, during the last global credit bubble, most countries followed an unwise philosophy of simply spending...
View ArticleNew Rules: Federal Reserve to Start Doing a Tad More of Their Job with New...
In past posts I have gone through the mandated role of the Federal Reserve to show they clearly are not doing their jobs. Today, the Fed has amended the Truth in Lending regulation “to protect credit...
View ArticleDoes Unemployment Insurance Cause Unemployment?
JPMorgan (JPM) recently released a report concluding that the unemployment extensions are … causing more unemployment! Despite the logic, it’s not exactly true. There are many macro forces which have...
View ArticleThe Must-Know Path to Hyperinflation
As we’ve discussed recently, persistent deflationary forces do not augur for a repeat of Japan circa 1990s or the US in the 1930s. Instead, because of the inability of governments to finance their...
View ArticleThe 20 Richest People Of All Time
Who were the wealthiest people EVER? Our list of the twenty richest, based on scholarly estimates and adjusted for inflation, includes entrepreneurs, warriors, and robber barons. We did not include...
View ArticleThe Lights go Out on Harrah’s/Caeser’s IPO…
Today was supposed to be the second of this weeks major IPO stories with Caesar’s Entertainment (formerly Harrah’s) set to rejoin public markets after a 2008 leveraged buyout by Apollo Global...
View ArticleHow Much Are Big Banks Hated?
With the Dow Jones Industrial Average near May 2008 levels, many have rejoiced at the psychological milestone of Dow 13,000. However, it has been a rough road for the financial sector since the...
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