April 27, 2018

Is the Petrodollar on Its Way Out?

And could drugs become the new dollar for governments?

April 24, 2015

Negative convexity, elections, and crony capitalism

Creepy connections at the Federal Reserve.  

August 29, 2014

Is the Petrodollar on its Way?

The United States used to have a commodity-backed currency. It could again, this time backed by oil.

October 11, 2013

Oh, and By the Way...We're Broke

Why raising the debt ceiling will not fix anything (but will let us delude ourselves a little longer).

April 16, 2012

High Gas Prices and The Fed

When the most powerful central banker in the world does not know how to define a dollar, we're in big trouble.

June 7, 2011

The Federal Reserve and Financial Repression

It is being speculated in some circles that the undercapitalized Fed will force the broker-dealers into buying chunks of its massive portfolio, effectively taking it off their hands.