economy
How Does It End?
The days of reasonable economic forecasting are over. Today, an economic forecast is more like the analysis of a criminal mind than the evaluation of economic data. The dominating role of government overpowers markets intentionally. In the short-term that will continue. Reactions to Federal Reserve minutes referencing continuation, alteration or cessation of quantitative easing cause [...]
Why Things Will Get Worse — Much Worse
It is easy to be upset about what is happening all around. The economy is being destroyed, deliberately, by insane economic policies. Incentives to work are being eliminated by punishing work. At the same time rewards are increasing for not working. Not surprisingly we get less of what we penalize (work) and more of what [...]
Smoke And Mirrors Running Out — Depression to Follow
Those who believe the economy is recovering are ignorant of the facts. Other than the Great Depression no US recovery (and I don’t believe we are in a recovery) taken longer. Eventually it may take more than a decade like the 1930s. Or perhaps it will be like Japan which is in its third decade [...]
The Myth Can’t Hold Much Longer
The signs that the price of stocks is out of line with the economic condition of the country are everywhere. The level of equity markets is a Federal Reserve pump operation, designed to take citizens’ eyes away from the horrible and deteriorating economy. This pumping of the stock market is designed to make Americans feel [...]
Why We Are Doomed
Another important and informative video/podcast from Gordon T. Long includes John Rubino. This one deals with the implications of unsound money. Mr. Rubino explores how unsound money leads to inflation, lower economic efficiency and corruption. Government becomes corrupted first and then infects the rest of society. The key points in this must watch presentation are [...]
Squandered Resources Will Result in Squandered Hopes
In terms of the articles I read, most are nondescript and not worth the time. There are a reasonable usual number of clunkers interrupted with some gems which make the effort worthwhile. Even some of the clunkers provide ideas that imbed in the self-conciousness only to surface days, weeks or months later. By then they [...]
Do Not Use The Stock Market To Claim An Economic Recovery
How often have we been told that the economy is recovering? By my count we are now in our fourth “Recovery Summer.” The recession was officially (and mistakenly) declared over in June 09. Yet, no data series in economics not influenced drastically by liquidity and a zero interest rate policy (e.g., stock prices and home [...]
More “Recovery” News
The myth of a recovery vaporizes whenever data are introduced. Here is another example, this one from The Washington Post: From the peak of the boom to the bottom of the bust, households watched a total of $16 trillion in wealth disappear amid sinking stock prices and the rubble of the real estate market. Since then, Americans [...]
Government: “A Seedy Circus … Perpetually In Debt”
Larsen E. Whipsnade, aka W. C. Fields As a card-carrying curmudgeon, I have always been a fan of W. C. Fields. His pessimistic view of the human race and its foibles rivalled that of H. L. Mencken, another favorite. In 1939 W. C. Fields wrote and starred in “You Can’t Cheat An Honest Man.” Wikipedia describes [...]
Some Recovery
The “recovery” touted by Bernanke and other Administration sources is dubious. The claims don’t hold up when data are provided. The following chart shows employment. Tim Wallace provided the chart and commented: In our current malaise, we have been at this 5 years and employment is still 2.2 million people below the employment number in April [...]
bigmike
david yard
RICHARD RALPH ROEHL
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