Article
Central Banks Cannot Fix The Sovereign Debt Bubble
Central Banks Cannot Fix The Sovereign Debt Bubble
Authored by Daniel Lacalle via dlacalle.com,
Global investors spend a great deal of time worrying about an alleged artificial intelligence bubble. However, they should pay more attention to the government debt bubble. The most dangerous assumption is that governments can keep borrowing and making promises because central banks will always step in, disguising fiscal irresponsibility with quantitative easing programs. Many market participants hail debt accumulation and expanding government size in the economy because they believe it will create asset inflation forever. However, encouraging...
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Oct 1, 2026 / Tyler Durden
Supertanker Ablaze After Iran Attack In Hormuz As US Deploys 10K More Troops & Third Carrier To Mideast
Supertanker Ablaze After Iran Attack In Hormuz As US Deploys 10K More Troops & Third Carrier To Mideast
Update(1530ET): Iranians are apparently going back on the offensive, after it's been widely reported that US-protected oil transit through the Strait of Hormuz has been fast gaining steam. Iran state media says a supertanker is burning off the coast of Oman after coming under Iranian attack:
Local sources reported that a 2.5 million barrel capacity supertanker that was traveling through the Strait of Hormuz illegally was hit 8 kilometers off the coast of Oman...
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May 20, 2026 / Tyler Durden
Warsh Faces Uphill Battle As FOMC Minutes Show Deeply-Divided Fed Against Easing Bias
Warsh Faces Uphill Battle As FOMC Minutes Show Deeply-Divided Fed Against Easing Bias
Tl;dr: FOMC Minutes confirm a deeply-divided Fed with a hawkish bias as "majority" saw hike likely warranted, "many" preferred removing easing bias.
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Since the last FOMC meeting (Powell's last), on April 29th, stocks and the dollar are up, bonds and gold are down and oil has swung violently in between...
Source: Bloomberg
Expectations for Fed action this year has surged hawkishly from a 20% chance of a single rate-cut to an almost 100% chance of a single rate-hike...
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Aug 4, 2026 / Tyler Durden
The EU & The Iron Law Of Oligarchy
The EU & The Iron Law Of Oligarchy
Authored by Stephen Soukup via American Greatness,
Along, long time ago—27 years, to be exact—my boss (the inimitable Mark Melcher) and I predicted that the European Monetary Union would be the death of the EU. The Euro, we wrote for our clients at a now-defunct big brokerage house, would be a disaster and would destroy everything that the post-war Europeans had spent the previous several decades working to build. Specifically, we wrote:
Psst! You wanna know a secret? The Euro, and the mess it...
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