I am frequently asked by readers to provide a market forecast. As I have said before, it is possible to do so but it is impossible to do so with any reasonable degree of certainty. The probability of an accurate forecast is slight in normal times. The current situation is hardly normal, reflecting economic and [...]
Tag archives for Great Depression
The Bernank Goes On
“The guy is either working for an elite few – or, more likely – he’s an economic imbecile.” The scary thing is that “the guy” is responsible and accountable to no one, at least no one in our elected government. There is nothing to add to this analysis by Davos, courtesy of Financial Sense, except [...]
Mises on The Solution
Contrary to what many think, newer is not necessarily better. Change is not always progress or improvement. This caution seems to apply especially in the field of economics where theory, aided by political reinforcement, took a wrong turn about 75 years ago. To gain an understanding of current events, it is often useful to read [...]
Employment Data moving to Depression Levels
James Quinn is angry. He does not have much tolerance for being lied to so usually reacts directly to government data that he believes to be false. Mr. Quinn has deconstructed the latest employment data. Here is his take: The number of employed Americans dropped by 173,000 in one month. There were no new jobs [...]
A Year Ago — Spiraling to Bankruptcy
A year ago (November 28), a very popular article was published under the title of “Spiraling to Bankruptcy.” The article understates the financial obligations of the Federal government only one year later. Some estimates range as high as $200 Trillion. The real number is somewhere between $100 and $200 Trillion. No matter, the mathematics were [...]
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