Postcards From the Fringe


Traveling Helped Me Escape Depression

I couldn’t parent. I couldn’t contribute at work. I couldn’t make decisions…

Priced in Gold, Stocks Have Been a Losing Trade This Year

The market didn’t make all-time highs this year when you view it from the perspective of gold.

China’s Bike Sharing Explosion Is a Metaphor for Its Economy

I see a failed business strategy, lost money, defaulted loans, and a bunch of bicycles about to be swept...

Chaos in World Economy Sends Dow-to-Gold Ratio Lower

Ignore this chart at your peril…

The Fed Is Monetizing Government Debt for the First Time Since WWII

The blowup in the repo market is front-page news. But no one’s talking about the real story…

Global Financial System Cracks as Dollars Dry Up

We don’t know how things are going to unfold, or when. But we want no part of it…

Construction Boom Evident Across China

The great Jinshajiang bridges will someday be engineering icons…