Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Recession

For Simple-Minded Keynesians

For those who haven’t yet grasped the uselessness of government policy, please read Charles Hugh Smith’s simple fourteen point explanation below. It details the steps government has taken, why they are failing and why the middle and poorer classes must get poorer. It also suggests that we are close to the end of the Ponzi [...]

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The Keynesian Legacy Unravels

“Those who cannot remember the past, are condemned to repeat it.” George Santayana Ideology is powerful, capable of masking unpleasant facts. Whether we recognize it or not, we are all slaves to ideology. Economists are no different in that regard than other people. They hold preconceived ideas which affect the interpretation of data and facts. [...]

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Our Fate Is Sealed

These four links from yesterday’s Drudge Report say it all: JOBLESS…  INFLATION… POVERTY… RECESSION… Five years into this mess and we are no closer to climbing out. Collapse of financial institutions was averted (temporarily?) by massive infusions of government and taxpayer funds but the economy has not budged. More and more people are beginning to [...]

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Fed: Recession Certain?

How convenient is it that the following information based on data from the Federal Reserve was not made public before the election: What’s interesting about this index is the current reading. At 20%, the index is at a level that has ALWAYS been followed by a recession. As you can see below, the index has never approached 20% [...]

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The Recession Didn’t End and Don’t Call This A Recession

James Pethokoukis is the Money & Politics columnist-blogger for the American Enterprise Institute. He is insightful and a good source of economic analysis for the laymen interested in understanding economics. He writes well and delivers data in easy to process form. In short, he should be a must-read for those wanting to understand our economic situation. [...]

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