Inflation & Devaluation
Dear Ben, Please Print us More Money
by Wolf Richter • • Comments Off on Dear Ben, Please Print us More Money
We want you to prop up the stock market. Everybody knows it’s a Ponzi scheme that will collapse without your support. You don’t want us to end up like Bernie Madoff’s clients. No, Ben, we love Ponzi schemes. We get in early and get out before they collapse. That’s why we’re rich. The bad thing is that they sometimes collapse before we can get out. But you’ve bailed us out twice in the last couple of years….
Oh No, The Inventory Correction Is Confirmed
by Wolf Richter • • Comments Off on Oh No, The Inventory Correction Is Confirmed
Fed’s Policies Slam Us Again
by Wolf Richter • • Comments Off on Fed’s Policies Slam Us Again
Red-Hot Inflation Blows across the Pacific
by Wolf Richter • • Comments Off on Red-Hot Inflation Blows across the Pacific
Downgrades Don’t Matter
by Wolf Richter • • Comments Off on Downgrades Don’t Matter
Your Dollar
by Wolf Richter • • Comments Off on Your Dollar
Our Chinese Bay Bridge
by Wolf Richter • • Comments Off on Our Chinese Bay Bridge
A Modest Proposal
by Wolf Richter • • Comments Off on A Modest Proposal
What galls me the most in this entire imbroglio of our debt ceiling is the hypocritical approach of our politicians: A Congress that authorizes every dollar that gets spent, gleefully accumulating a pile of debt so vast it’s hard to wrap your brains around it; and administrations who have been eager to borrow and spend as directed by Congress.