The following was my final report to clients in the financial industry dated December 22, 2014 when I retired and shut down my economic research firm, Leto Research, LLC in order to pursue broader questions arising from the global debt crisis. It summarizes the reasoning that prompted the explorations reflected in the occasional posting of this website, suitably named Leto Postscripts to denote a continuity of concerns from my previous professional life as an economic researcher:

On November 5, 2008, two months after the eruption of the financial crisis, Queen Elizabeth II asked the director of research at the London School of Economics “Why did nobody notice it?” Continue reading →