Economic Bubble

Once upon a time, in pre-revolutionary Paris, French prisoners were set free under the condition that they married prostitutes and emigrated with them to Louisiana. The newlyweds were chained together, escorted to the port and sent to the land of the free. This bizarre and little-known anecdote of history comes…

Delta State Governor, Ifeanyi OkowaBy NORBERT CHIAZOR No city can be as iconic as Warri, the famous oil city of Delta State. Located in the Niger Delta, it is the fourth largest wetland in the world. Warri has stood for ages as a melting pot of economic bubble and social…

Australia's S&P/ASX 200 recorded some of the most dramatic moves of the day. After plunging more than 7% at one point , the index rallied late Friday to close 4.4% higher after the Reserve Bank of Australia said it would funnel 8.8 billion Australian… Read More

TOKYO/HONG KONG -- Asian markets slipped further on Friday, bringing more losses for investors across most of the region as governments and central banks scrambled to respond in the wake of Wall Street's biggest plunge in more than 30 years.Japan's benchmark Nikkei Stock Average plummeted 10% at one point, recording the biggest…

Authored by Mike Shedlock via MishTalk, Michael Pettis at China Financial Markets has an interesting chain of Tweets on China's unsolvable interest rate mess. Preemptive Steps Needed to Contain CPI China Daily reports Preemptive Steps Needed to Contain CPI China's consumer price index (CPI), the main gauge of inflation, grew 5.2…

In a Column for Yacht Style’s new Issue 52, Simpson Marine founder Mike Simpson reiterates that Asia has overcome setbacks in the past. When I was offered the opportunity to write this guest column for Yacht Style, I was initially going to share several exciting developments that signalled a great…

Authored by Mike Shedlock via MishTalk, The Fed blew three economic bubbles in succession. A deflationary bust has started. Flashback January 6, 2020 Ben Bernanke Just Won't Stop Making a Fool Out of Himself Former Chairman Bernanke says Fed Has Many Tools to Deter Recession. Dear Mr. Bernanke Please do…

Eventually, the digital revolution comes for everything, even our nostalgic hobbies.  That revolution now includes one of the most nostalgic hobbies of all — baseball cards — which have seen a resurgence in the past few years thanks to a movement into the digital realm. Baseball cards are bringing in…

“People get really panicked in times like these,” said Lis Zimmerman, partner at O’Brien Wealth Partners in Boston, noting that many retirees today can expect to live for a long time. “It’s important not to give in to fear, not to let the emotion get the better of you. If…

Authored by Bruce Wilds via Advancing Time blog, Based on how Japan has fared over the last several decades it is difficult to see the green shoots of a global economic spring forth as a result of lower interest rates. In fact, the next economic downturn will likely envelope the…