-MUST READ: 2008? That’s Ancient History, Right? (see also Leveraging/Deleveraging: “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world”)
Memories are short, and 2008 is ancient history. Consumers can’t
suppress their urge to consume. Lenders can’t suppress their urge to
lend. We’ve learned nothing from the last boom-bust. We are repeating
it, piling error upon error.
“People will...
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Here’s what “reciprocal tariff” means
21 minutes ago
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