It is rather simple. You can live in debt as long as someone wants to finance it. When you can make payments on a debt, even a massive one, you can continue the party. When you can no longer make payments, it becomes the problem of the lender, who must scramble to … Read more

Basic economic rules cannot be broken without consequences. One such rule is that a man cannot spend more than he earns. A day of reckoning will come. It can be postponed for months, years or even decades by borrowing or patching up the system. However, it will come. America is fast approaching … Read more

These are times of deliberate dramatic change, as witnessed by the “Liberation Day” tariffs, which shook the world and introduced uncertainty into markets. Everyone is trying to make sense of this policy’s back-and-forth changes. Both opponents and supporters admit that it lacks a clear purpose and specific goals. This dramatic change is … Read more