How Trillions in Newly Printed Money Created a Labor Shortgage
It shouldn’t be an enormous shock when we find out that many employers are having trouble finding workers…
Continue readingwhat kind of recovery will we get
The US Recovery Is Weak, Especially Given the Size of the “Stimulus”
There is an overly optimistic consensus view about the speed and strength of the United States’ recovery that is contradicted by facts. It is…
Continue readingReality check: The “miracle recovery” narrative
We’ve been bombarded by news reports and “expert” analyses celebrating an incredible global economic recovery. They’re not even presented as projections or expectations anymore…
Continue readingPrecious metals are and always have been the ultimate insurance
It is becoming increasingly clear that the damage inflicted by the lockdowns and the shutdowns is really very extensive and persistent…
Continue readingLockdowns and Easy Money Bring a Weak Recovery for Europe
Most politicians blame the eurozone weakness on the pandemic and the slow vaccine roll out. It is partially true…
Continue readingThe Hazardous Detour in the Road to Economic “Recovery” Few Foresee
You know the plot point in the horror film where the highway is blocked and a detour sign directs the car full of naive teens off onto a rutted track […]
Continue readingThe V-Shaped Recovery Never Happened
The “V-shaped recovery” we were promised last spring never happened. It’s pretty clear the US is still very much in the midst of a jobs recession…
Continue readingGold & Silver Slammed As February 2021 Jobs Report SMASHES Expectations (379,000 Jobs)
Gold & silver knee-jerk lower at the release of the report…
Continue readingEconomy Fragile, Overall Markets Not Doing Much Celebrating
Big money management firms are worried that the market is out of control. Meanwhile, big money keeps piling into…
Continue readingStimulus Checks Funded a January Christmas
We don’t have a booming economy. We have a shopping spree…
Continue reading“The bank and the government have essentially blended into one entity”
One of the most striking trends to emerge in 2020 was the shocking acceleration in the decoupling between the real economy and…
Continue readingCompared to Europe and China, America Is Still a Safe Bet
Betting against America is a bad idea, even if the Biden Administration tries to…
Continue reading“The centralization of power always fails”
When we look at the extent and the depth of the damage caused the lockdowns and the shutdowns, it’s really hard to see a bold recovery in 2021…
Continue readingThe “Equitable Recovery”: Assuring Economic Misery And Financial Ruin For All! (Or, For Just How Long Will Uncle Joe’s Free Money Actually Buy Anything?)
Uncle Joe has spoken, and the US Treasury Department says that Americans are “entitled” to direct payments. Here’s what comes next…
Continue readingMarkets Care Less Who’s President: Biden Takes the Helm of Sinking Ship
Despite the change in the White House, there’s no change at…
Continue readingNormalcy Bias: Money Printing And The Belief That Life In The USA Will Return To Normal
No one cares about the national debt—which is set to reach $30 trillion within the next few months, or the fact that the…
Continue readingIs An Oil Price Spike The Next Blow To The Economy?
If it indeed occurs, it will be another painful gut-shot to a global economy still struggling to recover from the damage inflicted by the pandemic. When the…
Continue readingCopper Signals Inflation As Gold Remains Suppressed
Copper is the global barometer for economic activity because it is hard to manipulate. Coper prices are moving higher, tracking monetary devaluation…
Continue reading“Italia Cashless”
A new initiative was launched, just in time for the holiday shopping, offering a 10% cashback from the state to citizens who make their purchases with…
Continue readingFiscal Stimulus vs. Economic Growth
As the pace of government spending increases, a situation could emerge in which the…
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