Skip to content

The Crash Course

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… 

Banking Mess

The FDIC is broke (although not without additional Fed/Congress credit access) so is not closing banks that should be closed. Bank closures are occurring when they collapse under their own weight rather than FDIC guidelines. Thus, losses are bigger and… 

Stocks Divorced From Real World

Below is an excerpt from David Rosenberg’s piece at https://ems.gluskinsheff.net/Articles/Breakfast_with_Dave_082809.pdf “Indeed, let’s compare the economic background last October compared to today:•The unemployment rate was 6.6% then, today it is 9.4%•The level of employment (nonfarm payrolls) was 136.35 million; today it… 

No Exit from Economic Mess

Doug Noland of www.Prudentbear.com has it right on his “No Exit” Possible scenario. Our economy has become totally dependent upon government spending, interventions and subsidies. There is no recovery in the private sector, nor is there likely to be one…