July 26th, 2010

More Inflation vs. Deflation

Another in a series of posts dealing with whether we have inflation or deflation as this economic crisis plays out. I am in the inflation camp, but plenty of people that I respect are in the deflation camp. The article below by Rocky Vega deals with the potential that is already in the system. The Fed has no control over [...]

Times are Getting Tough

As the Depression (not recession) continues, you will see more headlines that you have never seen before. Headlines like these three that appeared today on Drudge are about to become more numerous and more frightening. Strapped towns and cities giving away land — to cut lawn mowing bills! LA suburb residents march over high city salaries… Town fires 11 of [...]

Denninger not Impressed

Karl Denninger rants often, but usually accurately. Here is his take on this economy: Green Sharts! Chicago Fed Index -0.63 by [email protected] (Karl Denninger) Oops…. Led by deterioration in production- and employment-related indicators, the Chicago Fed National Activity Index declined to –0.63 in June, down from +0.31 in May. Three of the four broad categories of indicators that make up the [...]

No Signs of Recovery Here

There appeared to be some good news based on the title of this article — “Some Welcome Signs of Life from the Private Sector” that appeared in Townhall.com. As readers know, I do not believe there is any reason for optimism regarding the private sector until drastic changes in economic policy are made. Everything that I know about economics and [...]