Daily Archives: April 30, 2018

We cannot sustain debt and asset bubbles and make the intergenerational books balance. It’s that simple, the center cannot hold.  The evidence is everywhere.  See:  Millennial housing crisis engulfs Britain: Analysis conducted as part of a two-year investigation into intergenerational … Continue reading →

It is typical that late in every financial cycle, central banks are raising rates as demand and global growth are falling until finally central bankers blink and move to cutting rates once more.  Different this time:  globalization is in a … Continue reading →