Crisis

Greenspan and the Myth of “Inflation is Too Low”

The Fed concludes its final FOMC meeting of the year today. The entire financial world expects the Fed to raise rates a final time. This will mark the fifth rate hike since December 2015, and the

Crisis

The Fed is Arranging Deck Chairs on the Titanic (the Iceberg Comes in 2018).

The Fed concludes its final FOMC meeting of the year today. The entire financial world expects the Fed to raise rates a final time. This will mark the fifth rate hike since December 2015, and the

Crisis

The Process Through Which the First Major Central Bank Goes Bust Has Begun

In the aftermath of the Great Financial Crisis, Central Banks began cornering the sovereign bond market via Zero or even Negative interest rates and Quantitative Easing (QE) programs. The goal

Crisis

Is it “Late 2007” For the Everything Bubble?

Is it “Late 2007” For the Everything Bubble? Timing the end of a major bubble is extraordinarily difficult as it entails figuring out when a critical mass of investors shift from