Category: Debt
Trump Is Trapped
Stocks advanced a little yesterday. Investors were said to be hopeful about the upcoming trade talks with the Chinese. With a little luck, President Trump will talk to Chinese President Xi Jinping about the ongoing trade war. He’ll announce a
One Mistake Dooms Investors…
Both Trump and Powell will do all they can to save this market. Both are avoiding a bloodbath because the blood will splatter on their own white shirts.
This Could Be Worse Than 1929
The stock market may have resumed its selloff sooner than we expected.The Dow fell 660 points after Apple announced weak sales — mostly in China.
What We Learned From 2018…
After a week at the family farm, we had come back to the city for New Year’s Eve. But hardly had the new year begun when the echoes of the old year filled the streets and alleyways.
Financial IQ: Why Kiwis Are Drowning Without It
In the Standard and Poor’s Global Financial Literacy Survey, New Zealand was placed 11th in the world for financial literacy, with 61% passing the test. That still leaves a lot of room for improvement.
What Trump and Powell Do Next…
Well, we were wrong. We figured the Fed would pause now. Instead, it went ahead with its rate hike and suggested it would pause in 2019.
No Matter What the Fed Does, We All Lose
We were waiting for the big Fed announcement on a rate hike. But what happened? No trumpets. No bells. No heralds. None came.
It’s All a Gigantic Monopoly Game
If you have ever played Monopoly, you have probably noticed two things. The game can be really long and the banker — who pretty much controls the game — can never run out of money.
The Fed Has the Shakes
Central banks have no economic magic. No financial panaceas. No money miracles. They can’t really make an economy run better.
Good News About the Coming Crash
The last leaves are falling from the trees. And the last days of December are counting down, like the quiet moments before an execution.
The Debt Bomb That Could Blow in 2019
The Fed were planning to ‘normalise’ monetary policy very slowly. They didn’t expect much turbulence. The truth is that it’s not shaping out to be that way. Markets have been jolting all year.
How the Country Goes Broke…
Come the next crisis, our problems will intensify. Tax revenues will plummet. Deficits will grow to $2 trillion a year in 2019 or 2020.
What We Said to a Group of DC Elite
We have a bubble economy, not an economy on a solid footing of rising wages, productivity, sales, and profits. The boom we have enjoyed is largely fake.
Dow 10,000
Trump will do whatever he can to keep prices rising on Wall Street — by talking up the economy with his usual mixture of real bravura and counterfeit facts.
What Trump Will Say at the G20
The Fed’s big mistake following the 2008 crisis was holding interest rates down too low for too long. This discouraged saving and made debt more attractive.