The biggest systemic risk to markets right now. Will it be the pin to pop the “everything bubble?” The yen carry trade has long been the financial world’s favorite magic trick: borrow yen at 0%, sell it for dollars, then plow the proceeds into whatever shiny thing is booming that month: U.S. tech stocks, crypto, […]
By Sean Dempsey, 08/08/23 Seven year-old Anna was sneaking on her tiptoes to avoid the cottage flooring from creaking as she slipped out into the frosty air of the front porch. She was up remarkably early, startled awake by dark dreams she couldn’t fully remember. The morning light was just starting to dispel the night; […]
Our Founding Fathers had some very clear and unambiguous opinions on the horrors of Democracy. They were very clear that a Republic was the form of government America was meant to follow; a pure or “direct” democracy would only lead us to ruin. And they were quite right!
