Category Archives: China

Stockman on 1/27/2016

David Stockman has a nice piece that sets in context the recent really from lows in context of the deeper economic structural problems.    The piece is quite good because it mixes current events with layman economic explanations and an excellent summary of how it is we got into this mess: 700 Days In No Man’s …

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Draghi cannot change arrest the laws of economics

I’ve been reading Doug Noland since 2001, and have come to enjoy his commentary for its concise ability to frame what we’re facing. From a critically timed post today titled “Draghi Ready to Fight” The collapse of the Soviet Union coupled with the Greenspan Fed’s push into activist central banking ushered in what was almost …

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Iron Law of Valuation

John Hussman on what’s been brewing for some time: The way to understand the bubbles and collapses of the past 15 years, and those throughout history, is to learn the right lesson. That lesson is not that overvaluation can be ignored indefinitely – we know different from the collapses that have regularly followed extreme valuations. …

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Stockman is spot on again

Is the end nigh?  Stockman seems to think the tipping point is past.  I think his summary is pretty much spot on. …the central banks of the world have shot their wad. Accordingly, the 12-year round trip depicted in the chart is not about the end of some nebulous “commodity supercycle” that arrived from out of the …

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