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When CAPEX history meets nosebleed valuations, the only direction for risk is down. “What lower short term rates have done is keep stock prices elevated & valuations stretched. That distortion shows up clearly in the data. The $SPY currently trades …
Authored by Charles Hugh-Smith via oftwominds, Every nation is operating on models that are collapsing without those at the controls being aware that the implicit assumptions of their models no longer map reality. A recent article lays out the collapse …
by Michael I don’t want China to be the world’s most dominant economic superpower. I am an American, and so I want the United States to be the world’s most dominant economic superpower. Unfortunately, the facts that I am about to …
‘Managing Stress During Change’: Biden-Harris State Department Holds Therapy Session After Trump Win The Biden-Harris State Department organized an in-house therapy session for employees early Friday following Donald Trump’s election victory, four sources with knowledge of the meeting told the Washington …
via businessinsider: The US should expect the dollar’s share of global reserves to slowly decline, but no alternatives exist that could completely displace the greenback, Treasury Secretary Janet Yellen said on Tuesday. Her comments came during a Housing Financial Services …