Parallel Universe: US S&P 500 versus US economic surprise index (hat tip Bloomberg's Tracy Alloway)
Minsky's Fragility Cycle Meets Wile E. Coyote: The Philippine Banking System’s Velocity Trap
But the boom cannot continue indefinitely. There are two alternatives. Either the banks continue the credit expansion without restriction ...

-
Despite falling USD-ASEAN currencies (PHP, MYR, THB, IDR, VND & SGD), gold prices in 5 of the region’s largest members (in local curren...
-
The total wealth of a country is the total value of goods and services it produces. When real estate prices rise much faster than this va...
-
There is no escape from debt. Paying for the government’s fictitious promises in paper money will result in a constantly depreciating curr...