This morning I posted the story on my Facebook timeline about Deutsche Bank recommending that savers be penalized with negative rates and wealth be taxed (since Central Bank intervention has, in a word, failed). After a few hours I posted a comment “Sure is quiet in here…” since nobody had reacted and Unemployed CEO sent me the following rant:…

The following is a guest editorial from a reader in response to yesterday’s “Was Justin Trudeau’s Quantum Computing coup staged?”

Hi Mark,

Like you, I was infuriated when I saw the press about this farce. He can barely tie his shoelaces let alone understand what quantum computing is. While reading your article on your website “rebooting capitalism” it struck me that capitalism is not what needs to be rebooted but rather democracy is what needs a reboot.…

Justin Trudeau has been basking in the smug glory of a media coup all weekend, seemingly having “put a sarcastic reporter” in his place at a presser before the weekend who tried to “stump” the PM with a question ostensibly about ISIS but segued (or perhaps teed up?) what is being touted as a “brilliant” “lecture” on the basics of quantum computing to an adoring gaggle of media sycophants.…

“Sooner or later, everybody sits down to a banquet of consequences” 
– Robert Louis Stevenson

Gordon Brown, back when he was the UK Chancellor of the Exchequer, distinguished himself by selling off approximately one-half of Great Britain’s gold reserves at what turned out to be a near-bottom at the end of the secular bear market in gold which lasted from 1980 to 2000-ish.…

A friend of mine, a very successful tech CEO who is also profoundly astute in matters of finance, once asked his economics prof during a lecture on interest rates in his university days “could interest rates ever go negative?”.

The professor, gazing over his glasses and down his nose at what obviously had to be an imbecile in his lecture hall calmly set aside a second of his podium time to shoot the idea down: “No.”,…