Gresham's Law

... the marginal price setter is “irrationally exuberant”, or dare we say it out loud? “Greedy.”

Lyndon Johnson's Terrible Legacy

"As if ignorance of the consequences of this socialist expansion of domestic control by government was not enough, LBJ expanded the war in Vietnam, promising America both Guns and Butter. Even today we live with this expansion of government domestic programs and seemingly never-ending wars as the modern Welfare/Warfare state."

Bitcoin Soars To Record High Above $8000 After Mugabe Speech

With Bitcoin trading at $13,499 on Golix, the chaotic environment in Zimbabwe has spread to the global price of the cryptocurrency driving it beyond $8000 for the first time in history as President Mugabe fails to resign in a national address following the nation's coup.

The Stage Has Been Set For The Next Financial Crisis

"We are in a multidimensional and fully internationalized carry trade game, folks, which means there is a very serious and tangible risk pool sitting just below the surface across world’s largest insurance companies, pensions funds and banks, the so-called 'mandated' undertakings..."

Crew Of Missing Argentine Submarine Makes Contact Attempt

“We received seven signals from satellite calls that would come from the submarine San Juan. We are working hard to locate him and we convey hope to the families of the 44 crew members: that they may soon have them in their homes..."

"People Ask, Where's The Leverage This Time?" - Eric Peters Answers

“The leverage is in risk parity strategies. There is greater duration and structural leverage... People move from senior-secured debt to unsecured. They buy 10yr Italian telecom debt instead of 5yr. This time, the rise in system-wide risk is not explicit leverage, it is implicit leverage.”