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Recession

The synchronisation of warning signals

Australia didn’t even have a recession in 2008 or 2009. China’s enormous stimulus programme and a wave of immigration saw to that. It was a demonstration of the power of countercyclicality. As long as some parts of the world are…

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Why the Next Recession Will Be a Doozy

SALTA, ARGENTINA – “Stocks Slide After Powell Testimony,” reads a headline at Bloomberg. The Dow dropped 380 points on Wednesday, leaving February as the worst month in two years. What did the new Fed chief say? Only that he thought…

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It’s Crash Awareness Week

BALTIMORE – Here’s an opportunity for you, dear reader… A Los Angeles spec house is on the market. It has seven bedrooms and 20,000 square feet of living space. It comes with a gold Lamborghini Aventador and a gold Rolls-Royce…

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How I’m Prepping for the Next Recession

Editor’s Note: Bill wrote the following essay in the middle of last year. But given our new president’s spending plans, it is perhaps even more timely now. GUALFIN, Argentina – If the recession doesn’t appear this year, it won’t be the…

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