The Fed has to inflate the financial sector with more cheap credit, or the boom will die.
The money is fake. Interest rates are artificial. Prices are fraudulent. And today, the price signals are worthless.
The guardians of the world’s most important measures of value said they would lend more fake money at even fakier interest rates.
You might think I’m a bit a crazy to even suggest bitcoin as a potential ‘haven’ asset. Bitcoin is very risky and there’s lot of uncertainty about its future.
Politics got a boost with the election of Donald J Trump. Before his administration took over, trade was very low on the feds’ agenda.
Short-term finance is great for short-term speculators. But it is bad for business. You can’t build a real, prosperous economy with overnight money.
The grey tsunami will only grow bigger. Low interest-rate life support will continue. If you’re not in stocks now, you might miss out on continued gains.
Setting artificially low interest rates made the downtrend worse. Growth slowed further. The Swamp deepened. The empire grew bigger and more corrupt.
Politics is the enemy of civilisation. It is the enemy, too, of economic progress. Most important, it is the enemy of dignity and clear thinking.
Buying stocks or houses may have been a good plan for 1982. And maybe even 2002. But for 2019? Is the pattern of the last 30 years likely to continue?
Today we are living in the tail end of what could be called the greatest gold rush of all time. But instead of gold, our prosperity is riding on the backs of technological and industrial…
How does Fed policy really connect to the real world of time, money, work, profits, innovation, forbearance, and all the other things that produce real wealth?
A waning Japan. Overvalued tech. Tesla’s decade-long history of losses. All of this is only possible because of irresponsible money creation.
Capitalists are conscious. They always try to get the outcomes they want…and they don’t mind cheating — when they can get away with it.