Monty Pelerin's World

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 [...]

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, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

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, [...]

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 [...]

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 [...]

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 [...]