John Rubino
Articles by John Rubino
Financial advisors used to believe in a balanced portfolio between bonds and stocks. Central banks changed all that.Breaking TraditionsWe’re taught that stocks and bonds tend to move in opposite directions.Money flows into stocks and...
Since the 1944 Bretton Woods conference, the U.S. dollar has been the world’s reserve currency. This term is still used today to describe the international role of the dollar, but it is meaningless to speak of a reserve currency when it is...
Paris during the Great Depression was full of unemployed people - and apparently it was awesome.As the story goes, the City of Light circa 1934 offered few good jobs and little upward mobility – which is pretty much the definition of a...
The world recovered remarkably well from its 2008-2009 near-death experience, thanks largely to China’s decision to borrow an ungodly amount of money and spend it on the mother of all infrastructure builds. This pulled most developed...
Since we’re in the “everything bubble,” it kind of follows that real estate — one of the things about which people with more money than sense tend to get most excited — would be rocking. And it is. But bubbles are about more than rising...
The Wall Street Journal just published a long, amazing look at what might be the tightest labor market in living memory. Here’s an excerpt:Help Really Wanted: No Degree, Work Experience or Background Checks U.S. companies are...
Australia has been in the news lately over its aggressive response to the pandemic.But the bigger Down Under story might end up being interest rates. It seems that Australia’s central bank (RBA) had, like the Fed and ECB, been pegging...
Here in the US, prices are rising, packages are shrinking and shelves are emptying. This is annoying, but it’s not (yet) the stuff of revolutions.The same, alas, can’t be said for some other places. One of the Wall Street Journal’s many...
As China’s massive (and massively corrupt) real estate developer Evergrande circles the drain, an anxious world is wondering if this is an isolated and therefore manageable problem, or the first in a cascade of failures that threaten to...
Not so long ago, companies that make recreational vehicles were great indicators of market tops. Since RVs were frequently the final pointless toy that people bought (after motorcycles, boats, and massive pickup trucks) in the debt orgy...
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