Here Comes A Whale - September 18, 2007 9:59

For almost a year now, we have been driving our clients crazy with Charles’s tired old metaphor about the global liquidity contraction, in which the central banks keep throwing in sticks of dynamite until the ocean finally disgorges a huge dead whale.

Britain’s Bank Run Coming to Main Street Soon? - September 14, 2007 21:55

On Wednesday this week the UK mortgage bank Northern Rock ran a banner advertisement across the bottom of The Daily Telegraph‘s front page.

War, Psychology and Time - September 14, 2007 8:59

There are moments in history when everything comes together. Today is the sixth anniversary of the al Qaeda attack against the United States. This is the week Gen. David Petraeus is reporting to Congress on the status of the war in Iraq.

The Second Sighting – By the Collection Agency - September 11, 2007 21:38

A recap of the scenario: bubble, easy money, inflation in fiat money supply, inflation in commodities and hard assets, inflation, fear of inflation, rising rates, YC inverting, flattening, rising and inverting again, tightening, withdrawal of liquidity, corrections, crashes, talk of stagflation, FEAR, withdrawal of speculative funds, further corrections and crashes, demand collapse…….Deflation.