All-time high stock valuations – caused by Central banks covertly buying half the world’s equities. All-time low yields, caused by Central banks covertly (and overtly) monetizing every toxic bond imaginable. Housing bubbles galore, caused...
Throughout history, dozens of nations have briefly held the mantle of global superpower. Until the 20th century when international travel, trade, warfare and information dissemination was less efficient; such power was typically exerted...
Since today’s theme is unmitigated Central bank failure, let’s start with a picture that tells a thousand words – of how the “Land of the Setting Sun” is on its last legs and where America, Europe, and the rest of the world’s fiat currency...
Last week, our theme was the Fed’s failure to generate a “recovery” through six years of historically easy monetary policy. In “2.6% – ‘Nuff Said” and “The Most Damning Proof Yet of Fed Failure,” we demonstrated how the entire world is...
It’s Friday morning, and the prospect of the “sum of all fears” is creeping into the global consciousness. In other words, the “realization of reality” is – slowly but surely – taking hold, which is why, at the moment, even unprecedented...