Monthly Archives: November 2021

The reckless obsession with maximizing capital risk and indebtedness under the guise of “investing” is sure to end in financial carnage.  Historical precedents are unambiguous.  When this carbuncle blows, we will be trying to patch financial holes for years to … Continue reading →

Treasury yields rose initially on news that Fed Chair Powell has the nod for a second term.  Apparently, Powell–who’s endlessly sought to boost animal spirits and his portfolio at every market yip–is now a hawk that will raise rates through … Continue reading →

A McKinsey report published this week examines how productively we are using global ‘wealth,’ and the conclusion is, not very. While global net worth (asset prices- liabilities) has tripled since 2000, the increase mainly reflects financialized gains in assets, especially … Continue reading →