Tag

Capitalism

Is Capitalism a Killer?

YOUGHAL, IRELAND – First, we note that the 10-year T-note yield is holding above 3%. It is on its way to 4%, we think, and will herald the final destruction of the great, fake boom of 2009–2018. Meanwhile… Death by…

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Which central banker snaps first?

Something broke this morning. Bonds, stocks and commodities all fell. Government bond yields around the world surged. Australia in particular got kicked in the shins all round with a jump in bond yields and a big drop in stocks. Why…

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Fragility in the financial system

Imagine the next time you went to turn out the light at home there was a chance – a very small, but real chance – that a fault in the system would shock you and destroy every other electrical appliance…

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You are not free

Now we walk along the same street, in red pairs, and no man shouts obscenities at us, speaks to us, touches us. No one whistles. There is more than one kind of freedom, said Aunt Lydia. Freedom to and freedom…

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