Izabella Kaminska suggests that hyperinflation and currency debasement were not coincident during the Roman Empire.
Hyperinflation of the regulatory kind.
Patrick Chovanec describes the coming financial schism between the US and China over charges from the SEC that Chinese auditors have violated US securities laws. IMO, the delisting of Chinese companies from US exchanges is minor compared to the effect on multinationals with significant Chinese operations.
Sonic Charmer explains how to nominally target your weight, not just the country’s GDP.
Another fascinating post from Kaminska: the latest in her series on how the current low interest rate environment may have more to do with excess capacity created by technology than with anything else.