Monthly Archives: June 2015

The Chinese economy has been deflating since the US consumer debt bubble peaked and burst in 2007.  In the first quarter of 2015, official growth averaged 7%-less than half the 2006 peak–while real life indicators like energy and freight use … Continue reading →

The Supreme Court of the United States ruled today that same-sex couples have the right to marry in America, at long last.  As with all major social evolution, early advocates attracted anger from all sides. After new Supreme Court rulings … Continue reading →

Valuations in corporate debt and equity markets have been loony bin for many months. Apart from a brief retrace to fair value in the spring of 2009, most security prices have made no fundamental sense since at least 2011 when … Continue reading →