In our June newsletter, we announced that in a few months we will publish our research on what we believe to be a Chinese bubble. In that issue we showed […]

The period from the mid 1980s to the middle of 2007 is known as the period of great moderation, when inflation was low and stable, unemployment also was low, utilized […]

As a break from our continued attention to the banking sector and the financial stress that persists around the globe we’d like to offer some thoughts on more general economic […]

It seems like these words have become part of every man, woman, and child’s lexicon in the midst of the Great Recession. With issues of debt and liabilities reaching sovereign […]

In our posting last week we pointed to the fact that while monetary reserves are rising, money supply is contracting due to the inability of banks to identify credit-worthy customers, […]

It’s a fact: Alarm clocks destroy dreams. Let’s destroy the alarm clocks. They wake us up from our dreams; interrupt our narcissistic visions of high flying markets and rosy paths […]

The recent announcement that the Chinese will allow their currency (RMB a.k.a. Yuan) to be more flexible against the greenback was welcomed by US and other monetary authorities. The RMB […]