Profiting from Debt Crises
Last week, I promised to explain how rising debt creates an incentive for debt crises worldwide. One of the biggest errors of textbook economics is […]
Month: November 2016
Trump: Debt or Taxes?
Last week, I considered whether Trump will use an unprecedented degree of trade protectionism, as he promised on the campaign trail. House Speaker Paul Ryan, […]
Pundits Just Don’t Get It: Here Is the Real Reason Why Trump Won
The pundits still don’t seem to understand the meaning of President-Elect Donald Trump’s victory. They are still fixated on his violations of political correctness, while […]
Trump’s Trade Wars
Donald Trump’s victory took most pundits by surprise because of excessive faith in Big Data, which meant the serious unexamined errors in polling will not […]
Inefficient Market Hypothesis
Last week we considered how the ubiquitous initial public offering process for raising funds systematically biases underwriters and brokers toward disequilibrium pricing. Another vast arena […]