Phase 5 is what Ray calls “A Big Deleveraging.” At some point, debt becomes so excessive that even central banks can’t ...

There’s a concerning undercurrent running through the US labor market. The unemployment rate has been steadily climbing. That ...

I experienced the Albuquerque International Ballon Fiesta on Sunday night and Monday morning. Oh sorry, excuse me, the Exxon ...

Debt is a curse that can also be a blessing, depending on how the borrower uses it. Sadly, human nature seemingly ensures we ...

The newest member of the Federal Reserve Board, Stephen Miran, recently outlined his reasons for wanting interest rates to ...

One of my favorite real estate investments is VICI Properties (VICI). The company owns 54 casinos and 40+ other experiential ...

Most investors try to outguess the market and end up underperforming. In today’s Jolt, Chris Reilly sits down with RiskHedge publisher Dan Steinhart to discuss his rules-based investing system that ...

The US government just shut down. Again.

October 3, 2025 Big Debt Cycles Debt is a curse that can also be a blessing, depending on how the borrower uses it. Sadly, human nature seemingly ensures we often use debt unproductively—and not just ...

The newest member of the Federal Reserve Board, Stephen Miran, recently outlined his reasons for wanting interest rates to come down by roughly 2 percentage points—far more than any other Fed member.