To those still foolish enough (or delusionally optimistic) to believe that our economy has turned the corner and is headed back to pre-2008 days, turn off your TVs and cancel whatever newspapers you are reading. It just ain’t happening and it isn’t about to begin! The post below describes the [...]
consumer
 Inflation or Deflation – Considered AgainA reasoned view for high inflation is made on Zerohedge. My opinion is that hyperdeflation (if it is defined as 5% or more) does not occur. The level of inflation could be hyper, however. I agree that “Monetisation is now the policy lever of first resort” and that governments will default on [...] |
 Martenson Sees No RecoveryHere is a good collection of articles from Chris Martenson’s site. These articles show no green shoots, and in no way are consistent with what the government wants you to believe. There is no recovery coming. See recent post about 2010 will be worse. Take a look at Chris’ site. [...] |
 Simple Math Suggests No Imminent Recovery PossibleHere is a post from Karl Denninger. It is about Citibank and is outrageous. Apparently it is going on with other credit card issuers as well. This is the sort of thing that, in my opinion, makes meaningful economic recovery impossible. (Click for a larger copy) Here’s what it says: [...] |
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Numbers versus HopeThree Government Reports Point to Fiscal Doomsday (M.W.) Three recently released government reports now point to fiscal doomsday for America; and one of the reports, issued by the Congressional Budget Office (CBO), says so explicitly … |
The Notion of Green Shoots is Laughable!There cannot be a recovery without the consumer. The consumer cannot increase his spending from recent years without increasing his credit load. But he is overleveraged and is in the process of correcting that, despite what the government might want him to do. Consumers seem to be more intelligent, at [...] |
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