Getting back to normal is going to look an awful lot like a recession
If this is what a recession looks like, we’d better start worrying about the recovery.
90% of deficit spending this year has been financed by either the Fed or the Treasury spending down their account
Good for gold?
People in the ‘transitory’ inflation camp better be prepared for ‘transitory’ inflation to last an uncomfortably long time
At the peak around 2007, oil was responsible for nearly half of the US trade deficit
The hard part is not spotting bubbles, the hard part is having to courage to do something about it
“It shows a nova in the constellation of Cygnus which Blaeu had personally observed in 1600”
Its population has declined 21% since 1960
Are we reaching peak ‘reflation?’