Monthly Archives: June 2014

From 2004 to 2008 the credit-fueled oil and real estate bubble billowed and burst in Dubai. In the midst of building the tallest and most expensive tower (of hubris) in the world, global oil prices crashed 70% and the emirate’s … Continue reading →

Roberts lost his sight as a child, but gained incredible insight into American music — inspiring a generation of jazz musicians. Here is a direct video link.

Over the past two years of QE-madness, central banks have fueled yet another era of epic complacency and reckless capital allocation based on the perverse thinking that when it comes to economic developments: good is good and bad is good– … Continue reading →