Time of the Season (Song by the Zombies)

On September 14th, 2007, Northern Rock Bank failed in the UK. Nowadays some people mark that as the beginning of the end of the market boom that had been going on. But at the time no one seemed to much care about a bank failure triggered by the commercial paper market...

Blowin’ In The Wind

Where do we find the answers to the questions we ponder? Do we simply have to look around to find the answers in some book, computer file, Wall Street opinion, Fed pronouncement or media pundit? Or do we have to turn inward and ponder the questions ourselves to find...

Trump vs. China: Risk or Opportunity?

China is a big, and often mysterious, factor in the world’s economies. In recent years China has created a massive pile of debt. At this point total Chinese debt is about 250% of GDP, the highest among any large emerging market country. Between 2007 and 2015 they...