In the past two years, the deep state has moved from conspiracy theory to a threatening reality. The idea of lifetime government operatives buried throughout the U.S. bureaucracy communicating with each other and pursuing their own agenda regardless of any liberal or conservative leadership has been around for a while, but it has been viewed
One of the biggest talking points in favor of the Trump tax cuts of late 2017 was that they would unleash a “wave” of cash stored up in the offshore subsidiaries of U.S. companies that would return to the U.S. to support investment in plant, equipment and new jobs. I warned at the time that
Robert J. Shiller is one of the most highly regarded economists in the world today. He’s a winner of the Nobel Prize in economics and co-inventor of the Case-Shiller housing price index that is a widely cited indicator of expansion or distress in the housing market. He is also the inventor of the CAPE ratio
The U.S. trade war with China and China’s daunting debt problems are well understood by most investors. Coming U.S. sanctions on Iran and Iran’s internal economic problems are also well understood. What is not understood is how these two bilateral confrontations are intimately linked in a three-way tangle that could throw the global economy into
