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Featured on Wolf Street by Wolf Richter From the outside looking in, the Danish economy appears as blissful as the country itself, which usually tops “The Happiness Index.” The unemployment rate ticked down to 4.2% in the most recent release from 4.3% in 2016. Denmark, …
Nick Kamran on
Despite living in the most technologically advanced times, able to do many tasks on our phones, and free of disease and war, western society is facing an anxiety and depression epidemic. People, especially affluent ones, are afflicted with chronic depression and other social anxiety disorders, …
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Nick Kamran discusses the housing in Oslo, Norway and why it’s time to avoid it. Artificially low interest rates are driving up apartment prices, pushing people deeper and deeper into debt. Key bubble indicators are capitalization rates (housing prices rising faster than rents). This story references …
Nick Kamran on
Leveraged not Organic Growth (Borrowing to look rich) Over the past eight years, the US Government and Federal Reserve stimulated the economy through debt and low-interest rates, not production. Some may claim the US economy is doing good, but that is like saying your neighbor …