Category Archives: Main Page

Monetary magic has elongated and magnified the business cycle

Posted on October 10, 2017 by Danielle Park

As we have learned repeatedly through a century of cycles already, faith in central bank magic is misplaced and devastating in the end.  Their interventions have made this cycle the most extreme ever, and asset prices that are inflated beyond … Continue reading →

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First, [re]ban share buybacks

Posted on October 10, 2017 by Danielle Park

Headline this morning on CNBC: “BREAKING: Dow hits record high after Wal-Mart announces $20 billion buyback” I have written about this many times over the years.  Share-based executive compensation and stock-buybacks are an extractive,  destructive combination that diverts capital and … Continue reading →

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Why the Fed is bad for America [and world stability]

Posted on October 6, 2017 by Danielle Park

I highly recommend DiMartino Booth’s book Fed Up: An Insider’s Take On Why The Federal Reserve Is Bad for America. Understanding its content is required context for navigating through the ‘Everything Bubble’. This interview is worthwhile, especially in the later … Continue reading →

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