Ray Dalio: Next Crisis Will Be More of a Dollar Crisis Than a Debt Crisis
“I think it will be about us having to sell a lot of treasury bonds to the rest of the world and I think that will also be an issue about two years out”
Taps Coogan: The Wealth Effect Fallacy
There have been as many as 42 recessions and five depressions in the US since the 1780s. The US economy recovered from every single one, returning to growth within an average of roughly one and a half years.
Image of the Day: The Approaching Storm
By Ernst Ferdinand Oehme,1838
Map of the Day: The French Invasion of Mexico
France, under the rule of Napoleon III, intended to unilaterally overthrow the Mexican government and establish a French controlled puppet government
The Fastest Growing Countries in the World
Niger, currently the fastest growing country on Earth, is expected to see its population increase by 366% by 2060
Image of the Day: Faces
Via the great artist and cartoonist Jonathan Plotkin
James Grant: This Year the US Treasury Will Issue the Most Debt Relative to GDP Since World War Two
“This is a very different fiscal picture than what we have been used to”
Taps Coogan: If There Is Such a Thing as Economic ‘Good Times,’ These Are They
Parallels are being drawn between virtually every period in American history
Ray Dalio: We Are in the 7th Inning of This Expansion
“No tightening cycle ever works out perfectly. That’s why we have recessions.”
Image of the Day: Eiffel Tower Under Construction
The Eiffel Tower under construction, 1887