Monthly Archives: August 2016

A bubble in student debt, enabled by central banks and underwritten by governments, has allowed post-secondary education costs to balloon more than 9% a year since 2000.  Meanwhile incomes have stagnated and job opportunities narrowed. The education delivered is not more … Continue reading →

According to the CIA Factbook the global broad money supply totaled $81.3 trillion in 2014 and more than a triple from $25 trillion in 2000. For a visualization on the relative size of all global markets and monetary instruments see:  … Continue reading →

Not different this time–same players and behaviors, different cycle. In 2003-07 it was reckless lending, securitization and derivatives that drove realty prices off the leverage cliff. In 2010-2016 the buyers are foreigners and financial intermediaries (who were bailed out by … Continue reading →