Let’s talk briefly about China. China is thought to be the great growth story of the post-2008 era. China’s economy not only bottomed before the developed world, but by most accounts, China was
The markets are surging this morning based on hype and hope of more QE from Central Banks. This view is overlook the fact that EVERY collapse follows a pattern: 1) The initial drop 2) The bounce
Since 2008, the Keynesians running global Central Banks had always suggested that there was no problem too great for them to handle. They’d promised to do “whatever it takes,” to maintain the
If the foundation of the financial system is debt… and that debt is backstopped by assets that the Big Banks can value well above their true values (remember, the banks want their collateral to
