So much can change in one month. Back in January, when following a brief burst of reflationary euphoria Bank of America conducted its first Fund Manager Survey for the decade, it found a burst in optimism and investor euphoria, with concerns about a recession a distant memory as professional investors – unable to grasp that… Read More

I can’t believe this is necessary, a sign of the times and a perfect example/explanation of how it got this far. In case you haven’t heard, President Trump has gotten into a Twitter spat with his predecessor former President Obama. For reasons that have nothing to do with legitimate economics (small “e”), both men are… Read More

They put it off so long they backed themselves into this corner. The Japanese government under Prime Minister Shinzo Abe had originally scheduled two VAT tax hikes as part of the rollout for Abenomics. It would be inflationary and fiscally responsible all in one pass. To make sure Japan’s perpetually struggling economy could absorb any… Read More