testosteronepit's blog

Kudos to the Bank of Japan. Its heroic campaign to water down the yen has borne fruit.

The big money has jumped into the fray.

Tech isn’t exactly booming, but that hasn’t kept “valuations” of tech startups from being pushed into the stratosphere, for the benefit of an elite club.

Like in the bubble days of 2007: the big numbers, the deal exuberance, the craziness, the hoopla

There are millions of people in that category. And their numbers are growing, not diminishing.

Nothing can be a more pungent metaphor for today's investment climate than the headline, “Macau gambling revenue hits record $45 bn in 2013.”

Inflation without compensation and a consumption tax hike make a very toxic mix

First hint of what happens when the heavily subsidized industry is being encouraged to try to stand on its own wobbly feet.

Malodorous taper emanations and bankruptcies are a toxic mix for munis

Rebellious Fed head Lacker fired at “implicit guarantees” to bail out bank creditors. Covered liabilities, the size of US GDP.

Printing yourself out of trouble and to wealth works. For the elite. Even in Japan. But how are workers and consumers faring? And by implication the real economy?

In the US and Europe, 95% of the buyers are male. Average age is 55. What's different in China?

The math just shot craps.

Germany has neither a minimum wage nor a government. Someday it might have both.

A hot, phenomenally profitable export product with minuscule input costs and unlimited potential.