Cost Reductions Have Hidden Costs

Cost Reductions Have Hidden Costs

New BY James Rickards POSTED 3 hours ago

Why does cost reduction weaken supply chains and lead to breakdowns? The answer is that cost reductions have hidden costs.

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The US, Now and Then

The US, Now and Then

New BY Bill Bonner POSTED 3 hours ago

Today is a holiday in the US. Americans celebrate what they used to be. And pretend they still are.[...]

Fed Up with These Serial Bubble Blowers

Fed Up with These Serial Bubble Blowers

New BY Vern Gowdie POSTED 1 day ago

Real-life scenarios involving chaos, unintended consequences, unbridled greed/fear, and unforeseen out-of-left-field reactions are not something they can easily relate to in their perfectly simulated and[...]

A Cold Day in Hell

A Cold Day in Hell

BY Bill Bonner POSTED July 04, 2022

Of particular interest to us here at the Letter is the coming train wreck…when two especially numbskull federal programs. One is making […]