Archive | Imperial Decline

China markets get obliterated. This is why you need to pay attention.

It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly: Today marked the fourth largest decline of the Shanghai Composite in two decades. We’ve discussed the insane valuations on the Shanghai and Shenzen stock-exchange before. As our regular readers will know, today’s fireworks have been a long time in […]

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Nigel Farage: “It’s like good old Soviet times!” — Must Watch!

For those who haven’t yet seen Nigel Farage’s latest rant against the absurdity of European “democracy”, this is classic Farage.   Please watch and pass this on! Partial Nigel Farage transcript European Parliament, Strasbourg, July 15, 2014 as transcribed by NotQuant: “If this is European democracy in action this morning, I suggest we have a re-think” […]

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What would mainstream economists have advised Bernie Madoff to do?

Just over two weeks ago, Bernie Madoff’s accountant finally plead guilty to fraud after six years of defending himself. He was sentenced to 30 years in prison at the age of 78. While he admits to falsifying records, to this day he claims he had no idea that Madoff was running a ponzi scheme. The prosecution has called […]

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