If the hypothesis proposed last June [https://gapthinking.ca/an-hypothesis/] remains tenable, and I think it does, interesting questions result. The observed change…
“Animal Spirits” ran out of gas in January, 2018. From Investopedia: “Animal Spirits is a term used by the famous…
The Chinese banking system has long been afflicted by massive lending to State Owned Enterprises (SOEs), organizations whose purposes did…
Before Capitalism morphed into “Financialism”, the stock market used to allocate investment to the most promising opportunities. Any wonder why…
By most (all?) historical parameters, global stock prices are unsustainably high! A brief history: Between 1966 and 1982, stock markets…
Two generations of investors have imprinted in their brains that interest rates are benign – they rise only occasionally and…
Mathematical models underlie an estimated $2 Trillion of structured products sold to investors desperate for higher returns than conventional debt…
In an essay on the intellectual bankruptcy of standard (and particularly Central Banker economics), Whithered Economics, I asked the question: …
Whither (-ed?, -ing?) macro economics The governing paradigms of macroeconomic theory are in disarray. Only in mainstream academia, and the…