cycle

The American credit score cycle is at a harmful level

The celebrated tome “Capital within the Twentieth Century”, by Thomas Piketty, a French economist, runs to 204,000 phrases—longer even than Homer’s “Odyssey”. However the information’s central argument shall be distilled to a single, three-character expression: r > g. As prolonged as “r”, the true worth of return to capital, exceeds “g”, the true worth of … [Read more…]

The American credit score cycle is at a harmful tipping level

The celebrated tome “Capital within the Twentieth Century”, by Thomas Piketty, a French economist, runs to 204,000 phrases—longer even than Homer’s “Odyssey”. However the e-book’s central argument could also be distilled to a single, three-character expression: r > g. As prolonged as “r”, the true price of return to capital, exceeds “g”, the true price … [Read more…]