Of Two Minds

The conclusion that soaring asset prices mean the economy is strong is a hallucination that goes unrecognized because the entire financial system is hallucinating.

If each of these is not a part of any ‘reform,’ than all that is being done is pouring money into a monopolizing cartel, just in a slightly different way.

Things large and small worthy of recognition and gratitude.

There are times when the only triumph within reach is survival.

Borrowing more to maintain spending is hanging on by one’s fingernails, not middle-class security.

Yes, AI is a catalyst. But for what is not yet knowable.