We’re in a Bubble that’s Too Big To Fail

I’ve been hearing the phrase “Everything Bubble” come up more often lately. This isn’t a new phrase, Graham Summers was among the first to coin it in his 2017 book “The Everything Bubble: The Endgame for Central Bank Policy”: “The Everything Bubble chronicles the creation and evolution of the US financial system, starting with the […]

The Jackpot Chronicles: When Tin Foil Hats Meet Radical Uncertainty

This is part of the ongoing Jackpot Chronicles, looking at four possible Coronavirus scenarios or lenses. The last instalment was “Force Majeure”, which posited a complete breakdown in seemingly permanent institutions. As it may turn out, these outwardly immovable edifices may not survive this economic collapse and be left out of “the new normal” that […]