Tag: global trade war
The Poppies Fell for Two Hours…
100 years ago, World War I ended with 37 million people dead. Have we learned the hard lessons since then? Or is history simply doomed to repeat itself?
How Unearned Money Screwed Up America
The coverage about Brett Kavanaugh has reached a feverish pitch. But we should remember that the real crisis in America is about money mismanagement.
America’s Economy Is on a ‘Suicide Mission’
The US government is the largest player in the financial markets. It is the biggest spender. So when it acts irresponsibly, the consequences can be dire.
Turkey: A Glimpse of America’s Future
Right now, Turkey is sinking under a crushing wave of bad debt and lousy credit. This is an ominous warning for America’s own lack of fiscal discipline.
Bad News for Our ‘Sh*thole Portfolio’
From Turkey to Argentina to Nicaragua — credit is disappearing fast, but debt stubbornly remains. What does the future hold for our stock portfolio?
How Turkey Derails the Financial World
Donald Trump has just declared a trade war on Turkey. Is this the beginning of a financial contagion that will lead to a terrible outcome?
Are Interest Rates Evil?
What do strongman leaders like Recep Erdoğan and Donald Trump have in common? Well, they love low interest rates. But how low is too low?
The American Tax Spree Hitting China and Amazon
Jeff Bezos has to be one of the great entrepreneurs of our time. Before he created an online store for everything, Jeff cut his teeth on Wall Street. He found himself at D.E. Shaw, a bond trader that used borrowed