Tag Archives: signaling

The Five Stages of Central Bankers’ Failure

Central bankers are now in the denial and anger stages of Kubler-Ross’s famed stages of loss: denial, anger, bargaining, depression and acceptance. Central bankers are in denial that all their trillions of dollars, euros, yen and yuan have completely and … Continue reading

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Is the Stock Market Now “Too Big to Fail”?

Correspondent Bart D. recently speculated that the U.S. stock market was now “too big to fail,” that is, that it was too integral to the global financial system and economy to be allowed to fail, i.e. decline 40+% as in … Continue reading

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Acquire Skills, Not Credentials

My recent conversation with Max Keiser on Summer Solutions (25:45) included three bits of advice: 1. Stop financializing the human experience 2. Acquire skills, not credentials 3. Vote with your feet Today’s topic is acquire skills, not credentials. I have … Continue reading

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How Many Slots Are Open in the Upper Middle Class? Not As Many As You Might Think

Not only are there not that many slots in the upper middle class, the number of open slots is considerably lower. If America is the Land of Opportunity, why are so many parents worried that their princeling/princess might not get … Continue reading

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