Monty Pelerin's World

Richard Russell, respected investment adviser for over half a century, has been operating at half-speed for him which is full speed for most of us. In this short note he [...]

There is no way to reasonably estimate how long the depression will last. Michael Panzner discusses one way to estimate timeframes. Are We There Yet? by Michael Panzner (Image: source.) Like children [...]

Suddenly it is getting crowded in the world of those predicting economic armageddon. In a sense, that is comforting for those of us who were early and few. Once relegated [...]

The US has now joined Japan in terms of having a “lost decade.” Japan is still far ahead, however, as they are in their third lost decade. Their stock market, [...]

I have argued that we are in or inevitably headed for another Great Depression and there is no way to avoid it. Mathematically, we passed the tipping point several years [...]

Government is out of weapons as the US economy plummets relentlessly toward its date with destiny. Despite the cries for more interventions, the reason the economy is in this condition [...]

Mort Zuckerman, hardly known as a Republican sympathizer, has produced a devastating report on Why the Jobs Situation Is Worse Than It Looks. In the report, he states: We now have [...]

A depressing ending to our economic crisis lies ahead. It is not a failure of economics but a failure of those economists who, like hired guns, sell out to political [...]

George Washington has written an important piece on how we are on the verge of another Great Depression. This is a must read, especially for doubters. Back in 2010 I [...]

Michael Panzner writes about the divergence between wage expectations and stock market performance in the article below. This divergence cannot continue forever. One of his two charts is going to [...]

The disgrace that is government and its cohort in crime, the Federal Reserve, is obvious from the following chart: The red dot represents the date the Fed was created. The [...]

This collection of photos is wonderful. It shows people during and immediately after the Great Depression. Both the pain and strength of these folks is evident. Our current generation is [...]