The Mathematics of Democracy
The worst of both worlds: a bubble in stocks,bonds, and real estate that will deflate without more credit growth AND ‘sticky’ consumer prices in goods and services that people can’t live without.
Friday, April 21st, 2023
Laramie, Wyoming
Greetings from the high plains of Laramie, Wyoming, where it’s still snowing. I’m not complaining. It’s late April, barely spring. But if climate is a factor i…