Apr 12

Every Central Bank for Itself

“Everybody has a plan until they get punched in the face.” – Mike Tyson For the last 25 days I’ve been traveling…

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Apr 6

The Lions in the Grass, Revisited

“In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series…

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Mar 29

When Inequality Isn’t

“An imbalance between rich and poor is the oldest and most fatal ailment of all republics.” –Plutarch, Greek historian, first century…

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Mar 22

China’s Minsky Moment?

In speeches and presentations since the end of last year, I have been saying that I think the biggest macro…

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Mar 16

Inequality and Opportunity

“Nothing is more dangerous than a dogmatic worldview – nothing more constraining, more blinding to innovation, more destructive of openness…

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Mar 9

The Problem with Keynesianism

“The belief that wealth subsists not in ideas, attitudes, moral codes, and mental disciplines but in identifiable and static things…

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Mar 1

Black Swans and Endogenous Uncertainty

John is in Florida and feeling a bit under the weather, so this week we’re bringing back one of his…

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Feb 23

The Worst Ten-Letter Word

“Inequality has emerged as a major issue in the US and beyond. A generation ago it could reasonably have been…

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Feb 15

The Economic Singularity

I fully intended to write today about a recently released academic paper that illustrates nearly every bad idea currently being…

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Feb 10

A Most Dangerous Era

"In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series…

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Feb 2

Central Banker Throwdown

Those of us who have attained a certain age can remember being bombarded by commercials in which we were asked…

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Jan 26

Forecast 2014: The CAPEs of Hope

"Sooner or later everyone sits down to a banquet of consequences." – Robert Louis Stevenson South Africa's Cape of Good Hope is…

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Jan 20

Forecast 2014: “Mark Twain!

Piloting on the Mississippi River was not work to me; it was play — delightful play, vigorous play, adventurous play…

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Jan 12

Forecast 2014: The Killer D’s

It seems I'm in a constant dialogue about the markets and the economy everywhere I go. Comes with the territory.…

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Jan 5

Forecast 2014: The Human Transformation Revolution

It is that time of the year when we peer into our darkened crystal balls in hopes of seeing portents…

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Dec 28

Gary Shilling: Review and Forecast

Should auld acquaintance be forgot And never brought to mind? Should auld acquaintance be forgot, And auld lang syne! For auld lang syne, my…

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Dec 21

What Has QE Wrought?

Now that we have begun tapering, we will soon see lots of analysis about whether QE has been effective. What…

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Dec 16

The Monster That Is Europe

(Special note from John: The letter is later this week, and I apologize. The rule is that you don't want…

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Dec 8

Interview with Steve Forbes

I'm not certain how many interviews I've done over the last decade. Hundreds? I know it is a lot. There…

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