If you tell a hyperinflationist that their thesis has been entirely wrong over the last few years (which it has) they inevitably respond in one way: “look at a chart [ … ]

James Carville once said:

“I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.”

Russian Prime Minister Vladimir Putin is talking tough about the USA.  In a speech today he referred to the USA as a “parasite” on the global economy.  Some highlights include: [ … ]

In a recent story David Beckworth described the balance sheet recession view as “inadequate”. He’s not the first one to do it. In fact, most of mainstream economics rejects the [ … ]

Every time the inflation report comes out you get analysts and investors complaining about how the government excludes food and energy in the core prices.  There’s a very reasonable explanation [ … ]