Exorbitant Privilege
‘Exorbitant Privilege’ is about the benefit to the US of the dollar of being a reserve currency as well as the current problems and possibilities to that status are.
Burning Thoughts
Earning a living, investing for retirement, and understanding how world events impact our living standard.
‘Exorbitant Privilege’ is about the benefit to the US of the dollar of being a reserve currency as well as the current problems and possibilities to that status are.
Great Recession result, GDP growth will continue weak for next 3-5 years
"As we serve our own interests, the value of the world's economy increases." That sentence has constraints that are ignored.
Financially arranged consolidation is not creative destruction. It is the transfer of assets without pension responsibility
Are financial talking heads praising the return of free market action? No, they are bemoaning the decline in energy stocks and the change it forces upon the stock market.