United States

The Rise of Big Tech Cements the Fall of the US Economy

While the US economy is going through its worst crisis in the last eight decades, with small businesses shutting down en masse and millions of Americans losing their jobs, one wouldn’t know anything is wrong solely from looking at the largest US companies. The crisis, triggered―but not caused―by the COVID-19 pandemic measures, has enabled some of the world’s largest corporations… Read More »The Rise of Big Tech Cements the Fall of the US Economy

How Fracking Helped Shape US Foreign Policy

The fracking boom in the US has frequently been hailed as a remarkable economic achievement for drastically reducing the country’s dependence on foreign energy resources. In fact, it did more than just help the US achieve “energy independence”. By 2013, driven by a sharp rise in oil exports, the US overtook Saudi Arabia and Russia to become the world’s largest… Read More »How Fracking Helped Shape US Foreign Policy

A Tidal Wave of Repos and the Best Carry Trade Ever

The Fed is injecting an average of $60 billion worth of liquidity each day. Extraordinary monetary easing in Japan and Europe leading to the carry trade. The carry trade and repo operations in numbers. Naturally the question everyone is—or should be—asking is where this sudden demand for liquidity has come from. The answer is that it is the result of… Read More »A Tidal Wave of Repos and the Best Carry Trade Ever

An empire in decline

The deindustrialisation of the US economy. The importance of fracking and maintaining high oil prices at all costs. The resemblence of the situation in the US to the fall of the British empire and what it means for the Dollar. As the current global long cycle moves closer to its trough, China appears to be taking over the lead role in the… Read More »An empire in decline