There are many moving parts in the world today, and many unforeseeable things can happen. However, investment loss cycles are ...

Many moving parts are pulling in opposite directions. This discussion highlights some big ones.

When the yield curve turns positive sloping (see blue line below since 1985), it has always been followed by months of rising unemployment (in red, since 1985, courtesy of Bravos research) while ...

Asset bubbles create unproductive debt and uneconomic pricing, which magnifies financial trauma as prices reverse. Most ...