Below we see the annualized rate of change (solid lines) [...]

Nothing is forever, not even debt. Every borrower eventually either [...]

Small businesses here in the US are ready to grow [...]

To give you a sense of the insanity, ask yourself [...]

Understand that China’s total GDP in 1980 was under $90 [...]

Negative interest rates mystify Howard Marks, along with the rest [...]

The good news is that over the last month, the [...]

When the tech bubble collapsed in 2000, many popular stocks [...]

The policy interest rate in the US is higher than [...]

Excessive stock valuations are a problem, but they are not [...]