This post from Tyler Durden relies heavily on David Rosenberg, probably the most astute financial/economic analysis around. Both are very dubious regarding a recovery and the levitating stock market. It is highly unlikely that we are in a real recovery. Reported GDP numbers were positive for the past two quarters, [...]

In Jimmy Carter’s reign, the Wall Street Journal editorialized about “Ratcheting to Ruin.” The title derived from the fact that each cycle high in unemployment was higher than previous ones, and each cycle high in inflation was also. “Stagflation” was coined to describe what up until then was believed to [...]

These three articles are must reading for anyone interested in the future of the economy.  No investor or citizen should be ignorant of the possibilities raised in these articles. Ponzi Scheme by Puru Saxena Editor, Money Matters Let’s face it, the government-bond market in the West is a gigantic Ponzi [...]

The results of this recent Rasmussen survey support my observation that the more economics courses taken in college the less knowledgeable a person is in the subject. Taken to its extreme, this contention would mean that those with PhD degrees in Economics are the least knowledgeable, which is not always [...]

Here 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. [...]

Image by Francisco Diez via Flickr James Quinn has posted another very informative piece. It is especially useful for those who don’t comprehend the degrees of financial chicanery and deceit to which our politicians have resorted . The article will also enable you to understand the mathematical impossibility of the [...]

The propaganda spewing out of Washington regarding an economic recovery has little basis in fact. This article from the Daily Reckoning shows the improbability of a recovery any time soon. A Faith-Based Recovery By Joel Bowman 11/28/09 Taipei, Taiwan – Today we have something extraordinary for you to ponder. We [...]

This article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now inevitable. Porter Stansberry approaches the topic from a different angle, using cash flows and borrowing capacity, to support his conclusion. Stansberry  has a great sense of urgency believing “the odds [...]

A visual presentation of the national debt and other key variables. Do not watch while eating or if pregnant. The spirit of the following cartoon is correct but it is out-of-date regarding the number which is now above $12 Trillion.  See the visual presentation to see the rest of the [...]

For some who closely follow the economic situation, it is obvious that we are headed for a disaster. There can be no happy ending. It will be a tragedy! Only the timing and shape are unknown. However, most disagree, believing this crisis is merely another recession like so many before. [...]

Despite all the hoopla regarding an economic recovery, there can be no recovery until the economy sheds the excess debt.  The consumer is tapped out and is adjusting his balance sheet to reduce leverage. That is good, despite what the government wants (another credit bubble). The so-called stimulus programs can [...]