Home » Economics (Page 324)
Category Archives: Economics
Has the Government Legalized Secret Defense Spending?
Has the Government Legalized Secret Defense Spending? While a noisy Supreme Court fight captivated America last fall, an obscure federal accounting body quietly approved a system of classified money-moving Aerial view of the Pentagon building. Bill Clark/CQ Roll Call/Getty Images October 4th, 2018, was a busy news day. The fight over Brett Kavanuagh’s Supreme […]
Don’t Be So Sure Hyperinflation Can’t Hit the U.S.
Don’t Be So Sure Hyperinflation Can’t Hit the U.S. Some progressives back piling on even more debt to pay for social programs. That could be risky. Marking time. Photographer: Ramin Talaie/Getty Images North America Discussions of big government spending programs often revolve around the question of how to pay for them. For example, Representative Alexandria […]
Stock-Market Margin Debt Plummets Most Since Q4 2008
Stock-Market Margin Debt Plummets Most Since Q4 2008 Wow, that was fast. Margin calls. During the ugly stock-market December, whose ugliness bottomed out on Christmas Eve, a nasty November, and the ugliest October anyone can remember, margin debt plunged by a combined $93.8 billion, the most since Q4 2008, after Lehman Brothers filed for bankruptcy. […]
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day”
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day” The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of global debt that has been accumulated. Every single […]
The Arrival of the Credit Crisis
THE ARRIVAL OF THE CREDIT CRISIS Those of us who closely follow the credit cycle should not be surprised by the current slide in equity markets. It was going to happen anyway. The timing had recently become apparent as well, and in early August I was able to write the following: “The timing for the […]
How California stayed with gold when the rest of the U.S. adopted fiat money
How California stayed with gold when the rest of the U.S. adopted fiat money We are ten years into the age of bitcoin. But people are still using national currencies like yen, dollars, and pounds to buy things. What does history have to say about switches from one type of monetary system to another? In […]
Federal Reserve Confesses Sole Responsibility for All Recessions
Federal Reserve Confesses Sole Responsibility for All Recessions In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States. First, former Fed Chair Ben Bernanke said that Expansions don’t die of old age. They get murdered. MarketWatch To clarify […]
“It’s A Reunion For People Who Broke The World”: Author Explains Why Davos Should Be Cancelled
“It’s A Reunion For People Who Broke The World”: Author Explains Why Davos Should Be Cancelled Paris is burning, a large chunk of the US federal government is shut down and Britain is careening toward a delay of Article 50 – or possibly a second referendum – as the Brexit process descends into chaos, calls […]
Bankrupt Chinese Company Reported Cash 15 Times Greater Than Due Debt
Bankrupt Chinese Company Reported Cash 15 Times Greater Than Due Debt That China has had a problem with rising defaults is not news: as we reported back in October, 2018 was already set to be a record year for Chinese bankruptcies. Things only got worse in November and December when defaults spiked to 20.4 billion […]
U.S. Government Debt Bomb Much Higher Than Americans Realize
U.S. Government Debt Bomb Much Higher Than Americans Realize The U.S. Federal debt bomb continues to increase, even with the government shut down. In just one day, the U.S. public debt increased $50 billion on Jan 15th. While the total outstanding Federal debt has now reached nearly $22 trillion, it doesn’t include all U.S. government […]
Party On: Fed Chairman Powell Capitulates to the Market
Party On: Fed Chairman Powell Capitulates to the Market FED Chairman Powell, who for a time was appearing to go rogue and stray off the beaten path of loose monetary policy paved by so many of his predecessors, has collapsed his resistance and utterly given in to the demands of the market. At a forum […]
“No One Knows What’s Going On”: Hong Kong Stocks Suddenly Plummet In “Avalanche” Of Flash Crashes
“No One Knows What’s Going On”: Hong Kong Stocks Suddenly Plummet In “Avalanche” Of Flash Crashes By now virtually every trader has personally experienced or participated in a flash crash, whether in FX (most recently two weeks ago when numerous Yen carry pair suddenly tumbled), in stocks or in bonds. But few have observed a […]
What happens when the Yellow Vests meet European Debt Crisis II?
What happens when the Yellow Vests meet European Debt Crisis II? There is a lot of talk about which economic bubble will burst first and burst the worst (sounds like a gangsta rap song, no?) The stock market, real estate, luxury goods, corporate debt and government bond bubbles, and other lesser bubbles, all jockey for […]
Canada Pauses Reporting Trade Data, Blames US Shutdown
Canada Pauses Reporting Trade Data, Blames US Shutdown Statistics Canada said today the release of their monthly trade statistics will be delayed indefinitely due to the current shutdown of the U.S. government. Statistics Canada: “Trade statistics without Canada’s exports to the United States have limited use as a current economic indicator, as these exports represent […]
