Trump will get what he wants from China
Several years ago, I began warning readers that a global trade war was likely in the wake of the currency wars. This forecast did not seem like a stretch. It would simply be a replay of the sequence that prevailed from 1921–1939 as the original currency war started by Weimar Germany morphed into trade wars started by the United States and finally shooting wars started by Japan in Asia and Germany in Europe.
Decade long stock market recovery
For many investors, the 2007–09 mortgage meltdown and financial panic are the benchmark for a worst possible outcome. The Dow Jones industrial average fell 54% in[...]
Italy ignores the rules
Last weekend, we looked into whether debt financed prosperity is real. On Thursday, the Australian Financial Review reported it isn’t: ‘PIMCO warns that rising mortgage costs[...]