The dollar’s role as dominant global reserve currency is at risk if the Fed fails to crack down on inflation.

The mayhem that has totally crushed one stock after another for a year breaks through the surface.

Mega-policy decisions to boost demand. Now mega-consequences.

What’s left of the debt-fueled property speculation that drove growth is a huge explosive mess and an enormous amount of debt.

The property sector and its debts are possibly the biggest financial mess in China’s history.

China still hasn’t bailed out investors in its over-indebted property developers, to the shock of foreign investors who’d bought their dollar bonds. Could the forced deleveraging trigger a financial crisis?

Enough consumers, flush with free money, are suddenly eager to pay those higher prices, particularly for big-ticket items they didn’t really have to buy. A Magic Mix.

The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.

The Fed. And then the Fed steps away.

This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.

Get Used to Higher Inflation. My Thoughts on the Biggest Mess I’ve Seen in Decades.

It works until it doesn’t. Now all eyes are on housing.

And for buyers, it’s a Perfect Time to make a Terrible Deal. The winner in these crazy bidding wars is the seller.

These manias and the rising long-term interest rates are on collision course.

It was a “Monetary Revolution” whose price “doubled in four months,” he said. All I’d need to do was hype bitcoin on my website. That’s still how it works: buy and hype. But now the big highly leveraged players have jumped in with their global megaphones.

The historic short squeeze, engineered by millions of deeply cynical small traders, exposed just how rigged the market has been.

During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance? The opposite is happening.

Under the effects of the Pandemic, consumers and businesses grapple with their own “Reset.”

As after the last crisis, fueled by ultra-cheap money, they’re taking financialization of the housing market to the next level: Now it’s buy-to-rent, build-to-rent, sale-leasebacks, and buy-to-sell.

A lump-sum payment in digital dollars for all Americans during a recession or to raise inflation as an alternative to QE and negative interest rates, which have failed.

It just looks so tempting.

SoftBank was only a cog in the huge machinery.

A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.

A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.

Easy money is a curse for capitalism.

Easy money is a curse for capitalism.

Over 30 million people lost their jobs between mid-March and mid-May, while the wealth of America’s 600+ billionaires ballooned by $434 billion. How did this happen?

Over 30 million people lost their jobs between mid-March and mid-May, while the wealth of America’s 600+ billionaires ballooned by $434 billion. How did this happen?

“Extend and Pretend” forevermore.

“Extend and Pretend” forevermore.