Bubbles and Busts

1) Hit the “Defer” Button, Thanks… by David Merkel @ The Aleph Blog This is why I believe that the biggest issue in restoring prosperity...

Business Insider has put together a fantastic list of Wall Street’s 75 Most Important Charts of 2012 (h/t Pragmatic Capitalism ). The entir...

1) China after the Global Minotaur by Yanis Varoufakis I n the book’s penultimate chapter, I discussed the Soaring Dragon which, as every...

Greece has effectively defaulted again, for what I believe is now the fourth time in the past 3 years. Here are highlights from the full Eur...

I was reading an article from one of the banks that was talking about how low Greece’s CAPE was (the article cited around 2).  I wanted to...

My stop loss over the next 4-6 weeks while I expect this risk-on phase to play out is simple: a weekly S&P close below 1267 would for ...

The ECB is not openly discussing this, but these ELA euros are coming from TARGET2, further raising GoB's liability to the rest of the...

...is from p.98 of Carmen Reinhart and Kenneth Rogoff’s outstanding book, This Time Is Different: Eight Centuries of Financial Folly (2011)...