China’s Big Risk(s): Running Out of Room To Tackle

By |2019-07-29T12:42:08-04:00July 29th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Chinese simply did what every Economics textbook currently in print says you are supposed to do. When confronted with a downturn, no matter its size you borrow your way through it. In fact, it says the greater the contraction the more you need to lean on finance. The neo-Keynesian model is unyielding on the [...]

I’m Mad as Hell & I’ll Have To Stay That Way

By |2008-08-01T21:18:48-04:00August 1st, 2008|Markets|

In 1976, Howard Beale, a character in the movie Network, urged Americans to get up, go to their windows, open them and yell out, “I’m mad as hell and I’m not going to take this anymore!” The preamble to Beale’s speech chronicles the problems of the 1970s: inflation, a falling dollar, unemployment, environmental degradation and [...]


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