Trump’s Speech and Why it was All About the Dollar

There was little to like in Donald Trump’s UN speech yesterday.  A tired rehash of half-truths, omissions and outright lies it ticked all the pro-US boxes, played to the peanut gallery and let everyone know that the new sheriff plays by the same old rules. I spoke with a friend last night about Donald Trump’s … Continue reading Trump’s Speech and Why it was All About the Dollar

Savings Versus “Pool of Real Savings”: Clarification

There is so much confusion about economic statistics and basic definition of terms such as 'savings.'  I wrote a lengthy reply to a commentator on my latest article at Russia Insider that I thought should help clarify some of the terminology I use and why I hate GDP as a statistic. I'm not talking about … Continue reading Savings Versus “Pool of Real Savings”: Clarification