Authored by David Stockman via Contra Corner blog,
You could almost understand the irrational exuberance of 1999-2000. That's because everything was seemingly coming up roses, meaning that cap rates arguably had rational room to rise.
But eventually the mania lost all touch with reality; it succumbed to an upwelling of madness that at length made even Alan Greenspan look like a complete fool, as we document below.
Authored by T J Coles via Counterpunch.org,
The British Ministry of Defence (MoD) has published several reports over the last few years. They discuss geopolitics and related themes, one of which is the likelihood of nuclear war or accident, including what it means for long-term survival.
A new medical breakthrough in southern Russia could hold the key in solving America’s opioid epidemic.
Scientists at Volgograd Sate Medical University are launching clinical trials into a pain-killing drug which outperforms morphine, and does not cause addiction. This would be a big step in the right direction, as the crisis in the United States spirals out-of-control.
Authored by John Mauldin via MauldinEconomics.com,
Billionaire founder of top hedge fund Bridgewater Associates Ray Dalio got where he is by having keen insight into both human nature and economic trends.
Occasionally, he shares some of his wisdom publicly.
In one of his recent articles, Dalio argues that it is a serious mistake to think you can analyze or understand “the” economy because we now have two of them.
Days before the military coup d’état in Zimbabwe, one of Mugabe’s sons uploaded a snapchat displaying his £45,000 diamond watch with £200 champagne, according to Daily Mail. The story went viral fueling anger of Zimbabweans as the country suffers from an economic collapse with a 95% unemployment rate.