Commentary

Approaching a Global Deflationary Crisis?

August 18, 2015 0

Anyone with any sense for global economic trends ought to be worried. The signs are everywhere of a serious deflationary crisis. It is obvious that Chinese growth is falling. The prices for energy and the […]

Government

Here’s the Next Crisis “Nobody Saw Coming”

August 7, 2015 0

CHARLES HUGH SMITH When borrowing become prohibitive (or impossible) and raising taxes no longer generates more revenues, state and local governments will have to cut expenditures. Strangely enough, every easily foreseeable financial crisis is presented […]

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