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…