Low interest rates are cancerous.
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…
Is “Professional Money Management” dead?
Summary: We believe professional money management is going to die a slow ugly death. This will cause extreme stress on the banking system and Wall Street. But this doesn’t have…
Why short-term rates matter.
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…
The US Economy is screwed.
The FED can’t go forward or back. If they raise rates (Or keep them high) they’ll wipe out mid-sized banks who are sitting on huge commercial loan portfolios. If they…
The US is anything but weak…
And therein lies the problem. The US controls much of the world, but that control. like England’s in the early 20th century, is waning. It’s waning because what caused it,…
AI’s big challenge: The systemic engineering of history.
Science fiction is fiction. History is also. What is systemic engineering of history? (Versus systematic) In systemic engineering, history is changed to reflect the narrative the systems requires. Systematic means…
Could the oil markets die? How to play them.
Systems analysis 101: Consider all possibilities, however remote. Fact #1: People don’t understand markets. Disclaimer It pains me to say this, but few people understand markets. It’s because they see…
The world is not Unipolar… It never was.
Unipolar is the new meme. But when the example of the leader is not at hand, the herd must think for itself. It does this by means of clichés, pat…
Why would China release Covid into the world?
http://54.197.6.206/2023/01/03/why-would-china-release-covid-into-the-world/ To kill people? Is this logical? Disclaimer To look at this, we’ve attempted to look at it from the standpoint not of China, but of President Xi. China is…
How big can you make your business?
What does it mean when we ask, “How big can you make your business?” Can you achieve economies of scale?” In other words Can you produce enough output to make…