Reality

A Confused Trader Discusses The VIX And Markets With His Taxi Driver

"I took the opportunity to unburden myself of my current concerns on markets. I explained my fears about the low level of the VIX and the complacency that seems to dominate market thinking. I fretted how financial asset prices keep head remorselessly higher with no rhyme or reason.... He politely listened. Nodded his head."

The Economic School You've Never Heard Of

Mainstream economics is under heavy pressure. Consistently wrong policies and forecasts have damaged the field dubbed “the dismal science.” Almost all alternative economists are calling for more government involvement to “fix” the free market and make it work better. But there is one school of economics, once prevalent in academia until it was pushed into obscurity, that places the power to fix the world’s problems in the hands of the people.

Globalization & The Rural-Urban Divide

The playing field was never level: the Neoliberal Corporate-State Order had all the power, and rigged the game to its own advantage. No wonder the rural regions are rebelling--not against the cities, but against the Neoliberal Global Order that has stripped the economic diversity from rural economies.

"Get Rich Quick In Virginia"

"Richmond VA is inundated with radio commercials to get rich quick by flipping houses. And I’ve seen articles in the paper about flippers. I, too, viewed this as being indicative of a top. We’ve also seen a huge surge in new restaurants."

'Holier-Than-Thou' - How America's Mainstream Media Rebuke Foreign Leaders

It would be refreshing if the New York Times Editorial Board were to get hold of America’s moral compass and encourage the President to rebuke the monarchy of Saudi Arabia for its long-standing, embedded and comprehensive contempt for the rights of Saudi citizens. By all means criticize Trump for cosying up to the savage Duterte - but spare us the claptrap about moral compasses.