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The Next Wave Of Spending Will Not Bring Prosperity
The Next Wave Of Spending Will Not Bring Prosperity We Are Starting A New Series Of Mistakes The surprisingly bad job numbers recently released show America lost 140,000 jobs in December. A big part of the problem is that this is only one indicator of the carnage taking place in our economy. As small businesses […]
Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans
Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans It’s odd to see it occur while almost every market reports record home sales. Canada’s real estate markets are booming, but lenders are preparing for mortgage losses. Bank of Canada (BoC) data shows the allowance for credit losses due to mortgages reached a record high […]
2021 may be the year that the world loses confidence in the dollar
2021 may be the year that the world loses confidence in the dollar Nearly 186 years ago to the day, on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt. Jackson was a staunch fiscal conservative. He despised banks, and, […]
2021 – The Choppiness Ahead
2021 – The Choppiness Ahead QUESTION #1: OK. Now what? The Democrats seem to be just vindictive and do not represent all the people. Any thoughts on the future? FC QUESTION #2: Hello Martin. You and Socrates are the only sane people/AI in a totally insane world for the time being. Thanks for that. From a […]
Rabobank: The Purge Could Contribute To A Widening Of The Cultural And Political Divide
Rabobank: The Purge Could Contribute To A Widening Of The Cultural And Political Divide On Friday Twitter took the decision to permanently suspend President Trump from its platform due to the “risk of further incitement of violence”. The day before Facebook had already blocked him. Tech giants have also moved against right-wing social media platform Parler, […]
Model Predicts Things Humanly Impossible
Model Predicts Things Humanly Impossible QUESTION: OK. I have followed you and Socrates for a long time now. How could it see that the 8th was going to be more important than the 6th and that the vote was going to be postponed? I am blown away. SH ANSWER: I am here only to try to interpret […]
Democrat Control of Washington Could Trigger Four Years of Surging Inflation
Democrat Control of Washington Could Trigger Four Years of Surging Inflation Doug Mills/The New York Times At the beginning of the first term of a newly elected POTUS, the first 100 days set the tone for what that administration wants to accomplish. Joe Biden’s election has been certified by Vice President Mike Pence, so his first 100 […]
Lance Roberts: GMO’s Jeremy Grantham Is Correct, There’s An ‘Epic Bubble In Stocks’
Lance Roberts: GMO’s Jeremy Grantham Is Correct, There’s An ‘Epic Bubble In Stocks’ Following GMO’s co-founder Jeremy Grantham’s renewed warning about extreme overvaluations, RIA Advisors Chief Investment Strategist Lance Roberts chimed in on the conversation Thursday morning. In “Three Minutes on Markets & Money,” Roberts agress with Grantham, saying, “the stock market is in a bubble.” To refresh readers on […]
The Urgent Case for Shrinking the Economy
The Urgent Case for Shrinking the Economy Endless growth is destroying the planet. We know how to stop it. ILLUSTRATION BY TIM LAHAN In July 1979, shortly after installing a set of solar panels over the West Wing, Jimmy Carter did something peculiar for a peacetime president. He asked Americans to sacrifice: to consume less, take public transit more, […]
Is All lost?
Is All lost? COMMENT: I think everyone is doomed. There is nothing to stop them. They have the media, they have courts, they have the academic institutions, they have the public brainwashed, they have the big corporations, they eliminated small business, they eliminated the first amendment, they have people believing all conservatives are evil. They have […]
Is Covid-19 providing cover for Jay Hanson’s Society of Sloth?
Is Covid-19 providing cover for Jay Hanson’s Society of Sloth? Gail Tverberg made a comment today that rings true and motivated me to write about something I’ve been mulling for a while… https://ourfiniteworld.com/2020/12/23/2020-the-year-things-started-going-badly-wrong/comment-page-24/#comment-274042 I think the reaction to COVID-19 is part of how a self-organizing system works. People were looking for a reason to cut back/shut […]
How Will This Unwind? Amid Stimulus, Forbearance, Eviction Bans, Consumer Bankruptcies Dropped to Lowest in Decades. Commercial Chapter 11 Bankruptcies Highest in Years
How Will This Unwind? Amid Stimulus, Forbearance, Eviction Bans, Consumer Bankruptcies Dropped to Lowest in Decades. Commercial Chapter 11 Bankruptcies Highest in Years Weirdest Economy Ever, as 20 million people still claim unemployment benefits. Total bankruptcy filings by consumers and businesses in the US in 2020, across all chapters of bankruptcies, plunged by 30% from […]
