It’s a textbook beginning to a foreseeable end

It’s a textbook beginning to a foreseeable end

Trust is a fickle thing. It’s there until it isn’t. This is especially true with paper currencies. Their value is based on trust that the sovereign issuer will act faithfully and responsibly. The standards for a reserve currency are even higher given their status in...
Interest Rates Can’t Rise EVER Again

Interest Rates Can’t Rise EVER Again

  Since the onset of the pandemic, the Fed has entered into the most aggressive monetary campaign. Its goal was to bolster asset markets to restore confidence in the financial system. However, the trap is the Fed is in a position where they can never stop QE as...
Economy Won’t Recover Until 2023

Economy Won’t Recover Until 2023

I’ve argued that we’re in a new depression. The depth of the new depression is clear. What is unclear to most observers are the nature and timing of the recovery. The answer is that high unemployment will persist for years, the U.S. will not regain 2019 output levels...
Deepfakes Are Becoming the Hot New Corporate Training Tool

Deepfakes Are Becoming the Hot New Corporate Training Tool

  THIS MONTH, ADVERTISING giant WPP will send unusual corporate training videos to tens of thousands of employees worldwide. A presenter will speak in the recipient’s language and address them by name, while explaining some basic concepts in artificial intelligence....
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