Street Smart

Negative Yields and Low Growth

About 20% of all global government debt has negative yields. This means that buyers who hold to maturity…

Are US Stocks Overvalued?

Warnings are coming from every corner that US stocks are pricey, including from myself in past posts. Is this…

What Explains the 2019 Stock Market Party?

Stock prices rebounded nicely in most economies, including the USA:

Is There a Government Debt Problem?

Federal debt in most industrialized countries has increased quite a bit since 2008. Is this a…

No Inflation No Problem

When you read market commentators and “analysts”, they keep talking about “the debt” and “credit”: government debt…

The 2 Missing Ingredients for a Recession USA 2020

Inequality, Stagnationand Social Unrest

Debates over inequality have become more intense since the…

Slow Decade Ahead

Industrialized countries are facing a set of structural forces that will render the decade 2020–2030 quite a challenge on many…

Central Bank Money Is the Only Hope

The economic fundamentals of most large economies today are bearish and point to slow growth…