DrewAll banking crises are repo and shadow banking blowups (now more than ever)Every bank blowup in the last many decades has been in repo — the S&L Crisis, Bear Stearns and even Enron.11 min read·Apr 10, 2023----
DrewThe Fed does NOT control rates, inflation, or money: They do “expectations”With 1929-like refrains all too common among Wall Street and the media today — to “not fight the Fed” — everyone seems to know that the…19 min read·Oct 3, 2022----
DrewIs The Second Great Financial Crisis Imminent?Credit is money creation and the worst credit decisions are always made at the end of the bubble.14 min read·Sep 18, 2022----
DrewGlobal Debt Ponzi: The Dollar Shortage Is BackThe BIS described the 2008 crisis as a dollar shortage. I believe evidences from around the world are clearly indicating that the great…15 min read·Jun 15, 2022----
DrewAre We Headed For A Market Crash?“The easiest thing of all is to deceive one’s self; for what a man wishes he generally believes to be true.” — Demosthenes11 min read·Feb 2, 2021----