Economy

A dispensing of wit and wonder about things such as the titanic seismic economic events concerning fiscal and monetary policy - the monstrous interplay of which I can only vaguely contemplate, but with a shudder.

Is the spurt of inflation the last few months likely to be sustained, or to fade?

When will the next “Minsky Moment” arrive? We don’t know. What we do know is that by the time the Fed realizes what they have done, as always, it will be too late.

There are 4 dirty little secrets about inflation you’re not supposed to know but we’re going to tell you anyway. 

“Home ownership” is regarded as some sort of Holy Grail of financial planning based upon the conventional belief that owning real estate is the #1 path to (at least) financial security, if not affluence, but there is no substance to this belief. Here's why.

The financial, economic and moral devastation which is about to hit the world will come out of the blue like a flash from a clear sky for more than 99.5% of the people and will be like the definition of the word "CHAOS: A state of total confusion and disorder”.

Is gold really is the inflation hedge that it's cracked up to be?...No, not really, and, in fact, we view other high-yielding real assets as much better inflation hedges.

Many markets and financial instruments are now moving exponentially. Exponential moves up almost without exception finish with a move down of the same magnitude so this will end badly.

Explosive fires always end in everything burning down or imploding eventually and this is just what is going to happen in the next few years. A massive forest fire is not just totally inevitable but is also an absolute necessity.

“I'm predicting for something close to a hyperinflationary circumstance, and effectively a collapsed economy, in early 2022.”