Category Archives: Main Page

We all lose when debt bubbles drive shelter costs to unsustainable levels. Productivity and other investment falls as finite funds are disproportionately funneled into this one expense item. Price mean-reversion is needed to reconnect cost with incomes once more. History … Continue reading →

As trillions in quantitative easing flowed into financial markets the past 7 years, volatility has fallen back to historic lows and valuations to historic highs.  In the process, as shown in this chart, many people have increasingly moved savings into … Continue reading →

The trouble with people like ex-banker-turned-Treasury Secretary Mnuchin, is that intellectual dishonesty is their main operating system.  Lying and tricking (and worse?) have been the backbone of their career, and they have been promoted and grotesquely enriched by it.  Mnuchin … Continue reading →