Daily Archives: October 20, 2014

China joined the World Trade Organization in December 2001 and global trade entered an era of unprecedented reciprocity. Chinese workers made goods cheap and the west bought trillions by increasing debt at every level from households to corporations to governments. … Continue reading →

With the equity mongrel horde still calling for higher interest rates and insisting that bonds are for dummies– even though the total return on treasuries has outperformed the total return on stocks by 5.7 x since 1982 (well how’s a … Continue reading →