On this day: “Tequila Crisis” Bailout
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Financial Markets
The Myth of the Petrodollar System
Introduction As the dollar enters its second century of dominance as the World Reserve Currency, the sustainability of that dominance is being called into question for the first time in many years. A reserve currency is a medium of exchange (money) that is used for trade, credit, and investment, outside its country of origin. The
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Why China’s Crisis is like the panic of 1907
In 2021 the cracks in China’s real estate sector were exposed when its biggest developer – Evergrande Group – started having trouble making interest payments on its debt. The company’s bonds were never in amazing shape. Junk debt, to be sure. They traded around 83 cents on the dollar in May of 2021, but by
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De-Dollarization: History, Probability, How to Prepare
The Lake Street Review Podcast
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Korea is Growing Closer to a Financial Crisis
A high private debt load, deep webs of counterparties in real estate loans, and collapsing real estate values make conditions ripe for a debt deflation.
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Stocks: the Great Paradigm Shift
https://www.thelakestreetreview.com/post/stocks-the-great-paradigm-shift Perhaps it’s due to monetary inflation, or changes in the legal requirements around corporate earnings reports, but the US stock market is different today than it was a century ago. There are two major shifts evident in the longest run S&P500 index data: Long run S&P 500 index adjusted with the Consumer Price Index.
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