Three Choices, None Good
We like to think we’re special and this moment in history is special, but alas, we’re still running Wetware 1.0 which was coded between…
Illiquid, Overvalued
Illiquid, Overvalued describes a great many assets that are on the books as “rock-solid investments.” Illiquidity means there are few if any buyers for…
Wok This Way
Now that everyone is shouting “look at me!” online in obsessively curated images and videos, I’m wary of posting anything that smacks of Attention…
To Make America Great Again, Start Here
It’s a big ask, but let’s depoliticize the phrase “make America great again” and consider what this would actually entail, not as a lobbyists’…
America’s “Healthcare” System Is Now a Structured Financial Skim/Scam
I’ve been writing about America’s healthcare system for 18 years, emphasizing two enduring themes: 1) our lifestyle is unhealthy, with predictable consequences and 2)…
The No-Win Bubble “Wealth Effect”: Either Way We Lose
I have endeavored to explain how our economy has changed dramatically over the past 50 years beneath the surface. Nothing that’s going to happen…
Five Taboo Headwinds
The first step in solving a problem is to face it directly and identify its sources. If for whatever reason this can’t be done,…
Hollowed Out
The phrase that best describes the present era is hollowed out. By hollowed out I mean the exterior facade still looks pretty much the…
How Housing Bubble #2 Bursts
Let’s indulge in some basic logic: 1. All credit-asset bubbles burst. 2. U.S. housing is a credit-asset bubble. 3. The U.S. housing bubble will…