Each time humans make a breakthrough, their rate of growth speeds up. They then take advantage of it.  They fill up the economic niche it opens for them as fully as their new technology allows.  And then what?

US wages stopped growing at about the time of the first oil shock in the early ’70's.

Can there be any doubt that China is destined to become the world’s economic superpower?  It has the size, the energy, the know-how, and it has the money.

The trouble with inflation today is that it is the worst kind of inflation. It makes prices go up, but not incomes.

China has the biggest, newest, most daring and innovative buildings. It has the fastest trains, the most roads and cars. The richest. The poorest. It has everything.

No Great Correction in China. Instead, the economy is booming. But prices are rising, threatening China’s economy, and not doing any favors to the US either.

In America, you are supposed to be self-reliant, self-sufficient and independent. You should believe that you are responsible for your own success. What if it weren’t true?

The Great Correction wants to tell the truth -- that there's too much debt in the system.

Who wants to hold dollars when inflation rates are rising and the dollar is currently losing ground at the rate of more than 7 percent a year? Damned if you do. Damned if you don't.

Could this be the sell-off we’ve been waiting for? Maybe.