Housing: A deflationary prison.
The 1930’s all over again. In the city where I grew up, the massive bank induced expansion of 1880 to 1930 created an army of very wealthy people. Buffalo was…
The 1930’s all over again. In the city where I grew up, the massive bank induced expansion of 1880 to 1930 created an army of very wealthy people. Buffalo was…
Low rates have created huge structural imbalances. Economics without accounting is voodoo – Life in a frog pond - Low rates and disappearing equity – The cancer in the system…
A quick look at long rates. US corporations are going to cliff dive. To put it briefly, the average duration of a corporate bond is 21 years. The average life…
Corn is the essential cheap calorie. https://tradingeconomics.com/commodity/corn The US produces one ton of corn for every man, woman, and child in the US every year. The key factors in corn…