In The General Theory of Employment, Interest and Money, John Maynard Keynes wrote: “The ideas of economists and political philosophers, both when they are right and when...
Ray Dalio is the thoughtful, somewhat controversial founder of the world’s largest hedge fund, Bridgewater Associates, which he started in 1975. While much of his writing...
We all wonder if Trump’s trade actions are as random as they appear or if there is a broader strategy. Some of my contacts argue that the relatively...
Back in the 1980s and 1990s, many people thought excessive government spending and the resulting debt would bring inflation or even hyperinflation. We wanted a hawkish...
In the last 150 years, we’ve had a number of innovations that radically changed the way we live. You can tick off the list: electricity, the...
A decade ago I pointed out that public pension funds were $2 trillion underfunded and getting worse. More than one person told me that couldn’t be right....
Two young fish are swimming along, and they happen to meet an older fish swimming the other way. The older fish nods at them and says,...
You’ve likely heard of the term “income inequality.” It means wealthy people are making a larger share of our collective income. In one sense, it’s nothing new....
The US, Europe, and most of the developed world on are the road to Japanification. The rest of us will begin to look like Japan with...
In the past few years, I wrote a lot about the unprecedented credit crisis I foresee. I call it “The Great Reset.” I have to add, it...
