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Yen Carry Trade
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, […]
The Myth that is the Rule of Law
A great article by Tom Engelhardt over at Salon.com will make it hard to deny the hard fact that there is no longer such a thing as the ‘Rule of Law’ (though I would argue that its death began in the mid 1800’s, and its final days have come under this current regime). “…At least […]
Fighting the War on Drugs: What Real Political Courage Looks Like
In the aftermath of Rand Paul’s recent support of the War on Drugs ( http://reason.com/blog/2013/05/13/rand-paul-assures-evangelicals-that-he-d ), many people have defended Senator Paul, saying, “He was speaking before the most socially conservative audience in the country. What do you want him to do? Tell them that the government has no business legislating morality? Tell them that […]
