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.
Category: Economics
Earning a living, investing for retirement, and understanding how world events impact our living standard.
Great Recession Effects on GDP
Great Recession result, GDP growth will continue weak for next 3-5 years
Asset Allocation Books
"As we serve our own interests, the value of the world's economy increases." That sentence has constraints that are ignored.
Creative Destruction and the Social Contract
Financially arranged consolidation is not creative destruction. It is the transfer of assets without pension responsibility
Free Market versus Status Quo
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.