As more and more Americans suffer from the costs of inflation, government continues to waste money on frivolous and useless things. The population of Washington DC is dominated with two classes of people — village idiots and exploiters. Oh there… Read More »Frivolous and Useless
Comstock Partners provides a report on deleveraging the Economy and the implications of doing so (slow economic growth). It also deals with interest rates and inflation risks. For this article: Comstock Partners A permanent link under More Economic Analysis in… Read More »Massive Deleveraging Necessary Across the Economy
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… Read More »The Notion of Green Shoots is Laughable!
Jeff Nielson in “U.S. government the NEW sub-prime lender” details the government’s role in the housing crisis and how FHA will be the next government entity to become insolvent.
Inflation is usually misdefined as a period of generally rising prices. Inflation, properly defined, is an expansion of the money supply. The problem is what we mean by “money supply.” Traditional definitions such as M1, M2, etc. have become less… Read More »Is This Inflation or Deflation?
China continues to position itself to become independent of the US dollar. Just more evidence of the building strains in the currency markets. . http://www.businessinsider.com/new-dollar-challenge-china-selling-yuan-bonds-for-the-first-time-2009-9
Corporate Insider Selling continues at a record pace. What do they know about their own companies that you don’t? Now news is that Warren Buffet is lightening up on his stock holdings.
Interest rates on Treasuries must increase. China, India, Russia and many other countries have admonished us on our profligacy. They have reduced their purchases and rearranged their holdings to the short-end of the curve. At the same time our funding… Read More »The Inevitability of Higher Interest Rates on Treasury Bonds
A discussion of Washington politics and ethics by Thomas Sowell that is troubling to anyone that believes in “The One” or government as an impartial, benevolent referee.
This morning Gold broke through $1,000, supposedly a magical number for some. Barry Ritholtz at The Big Picture provides a nice discussion today.
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Here is an interesting article on the destruction of “social capital.” http://www.kitco.com/ind/Dougherty/aug262009.html By that, I mean the integrity, trust and honor necessary for markets, social cooperation and a civil society. Deterioration started probably 4 or so decades ago and has… Read More »Moral Hazard Destroys Social Capital and Cooperation
If you have not watched “The Crash Course” by Chris Martenson, I highly recommend it and that you pass it on to your friends. It is a reasonably concise presentation and very well done. It explains quite clearly how we… Read More »The Crash Course