Yes, It Is Different This Time
Most people would be horrified by a 40% decline in their “investments.” When bubbles pop, speculative assets don’t drop 40%, they drop 90% or even 98%…
Continue readingMost people would be horrified by a 40% decline in their “investments.” When bubbles pop, speculative assets don’t drop 40%, they drop 90% or even 98%…
Continue readingThe Democrats, since they are assumed to be “in power”, will need some sort of scapegoat for inflation, since it continues to…
Continue readingLet’s call this financial system what it really is: the MetaPerverse, a conjured world of self-serving cons…
Continue readingA coffee barista could receive 10% more pay and have most of it wiped out just by an increase in rent. Add in the costs of food and gasoline, and…
Continue readingA reduction in unemployment is not the key factor for economic growth. The heart of economic growth is…
Continue readingThe Federal government only has a very limited amount of food, water and generators widely scattered at FEMA distribution centers around the country…
Continue readingThere is an underlying bid in the gold market…
Continue readingThe clear winners in inflation are those who require little from global supply chains, the frugal, and those who own their own labor, skills and enterprises…
Continue readingNo, you’re not imagining it. Some grocery store shelves are bare again, conjuring bad memories of…
Continue readingNo US citizen should be happy about plummeting real wages and stagnant labor participation in the middle of a strong recovery and…
Continue readingMost Americans are getting poorer…
Continue readingAlthough Fed Chair Powell has stated that he believes the economy no longer needs emergency stimulus, that doesn’t mean…
Continue readingRising wages might have long enough legs to keep overall inflation elevated for years. If so, the Fed will…
Continue readingThere is now clearly pressure on the Fed to “do something” about inflation. In addition to…
Continue readingThe value of these super-abundant follies will trend rapidly to zero once margin calls and other bits of reality drastically reduce demand…
Continue readingThe United States economy is living on borrowed time…
Continue readingWhatever temporary gains many workers are experiencing with higher wages, the euphoria is not likely to last long. Furthermore, one doubts that….
Continue readingGiven that political power in America is a pay-to-play auction in which the highest bidder wins, how this incomprehensibly lopsided ownership of…
Continue reading“…focused on growing our economy and bringing prices down for American families by…”
Continue readingWhat Yellen fails to mention is that even if inflation rates of, say, four to six percent, last only a year, middle class workers won’t…
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