Paying In A Broken World

Submitted by Tom Chatham via Project Chesapeake,
It is a common reaction to ask, how much is that, when we see something we want or need. The question is answered with some monetary figure that people will recognize and use to determine if they can aff…

The World Map Of Hubris & Humiliation

The journey from hubris to humiliation in EM has taken roughly 5 years. As BofAML notes, despite muted asset returns, 2015 has seen the emergence of two big trends: the risk of a bubble in US health care & technology; and the crash in EM/Resources/…

The IMF Experts Flunk, Again

Submitted by Steve Hanke via The Cato Institute,
My Globe Asia column in May was titled “Greece: Down and Probably Out.” Well, it’s out. Yes, Greece descended from drama to farce rapidly.
If all goes according to plan, the left-wing G…