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The New Cold War and the Death of the Discourse
The New Cold War and the Death of the Discourse The truth is often ignored, at first, and when that becomes impossible, truth-tellers are often punished. As two incidents starkly reveal, this is certainly the case when it comes to the civil war in Ukraine and Washington’s unfolding cold war with Russia. The first illustration […]
The Last 30 Years of Global Economic History Are About to Go Out the Window
The Last 30 Years of Global Economic History Are About to Go Out the Window Over the last 30 years, a near constant flow of cash has inundated China and other emerging markets. It has lifted those economies, pulled hundreds of millions of people out of poverty, and dictated corporate expansion plans worldwide. That wave […]
Bernanke’s Balderdash
Bernanke’s Balderdash The US and world economies are drifting inexorably into the next recession owing to the deflationary collapse of commodities, capital spending and world trade. These are the inevitable “morning after” consequence of the 20-year global credit binge which has now reached its apogee. The apparent global boom during that period was actually a central bank driven excursion […]
How The War Party Betrayed America’s Non-Interventionist Foreign Policy Tradition
How The War Party Betrayed America’s Non-Interventionist Foreign Policy Tradition So Vladimir Putin in his U.N. address summarized his indictment of a U.S. foreign policy that has produced a series of disasters in the Middle East that we did not need the Russian leader to describe for us. Fourteen years after we invaded Afghanistan, Afghan […]
When The Advanced Keynesian Disease Afflicts A Nation—–Japan’s Abe Goes Full Fantasy-tard With 3 New ‘Arrows’
When The Advanced Keynesian Disease Afflicts A Nation—–Japan’s Abe Goes Full Fantasy-tard With 3 New ‘Arrows’ Having completed his militarist plans, Japanese Prime Minister Shinzo Abe appears to have gone full fantasy-tard with his latest “plans” for the demographically-dead and debt-destroyed nation. “Creating a strong economy will continue to be my top priority,” Abe said, a goal […]
This Bubble’s Days Are Numbered—–Market Tops Are Sprouting Up Everywhere
This Bubble’s Days Are Numbered—–Market Tops Are Sprouting Up Everywhere I have an important update regarding how far we could see the market drop in the short days and weeks ahead… I’ve been warning for months that it looks like this bubble may finally be peaking. I’ve warned that it’s best to get out of […]
Riding ZIRP Into The Doom Loop—–Monetary Central Planning’s Dead End
Riding ZIRP Into The Doom Loop—–Monetary Central Planning’s Dead End What the Fed really decided Thursday was to ride the zero-bound right smack into the next recession. When that calamity happens not too many months from now, the 28-year experiment in monetary central planning inaugurated by a desperate Alan Greenspan after Black Monday in October 1987 will come to […]
David Stockman Interview On Yahoo——The Fed Painted Itself Into A Corner, Confidence In The Casino Is Headed For A Fall
David Stockman Interview On Yahoo——The Fed Painted Itself Into A Corner, Confidence In The Casino Is Headed For A Fall David Stockman is not a fan of the Fed. In fact he claims that the Fed is on a “jihad” against retirees and savers. The former Reagan budget director and author of “The Great Deformation: […]
Goldman Sachs——-Perpetuator Of The Fed’s Jihad Against Savers
Goldman Sachs——-Perpetuator Of The Fed’s Jihad Against Savers You can’t blame Janet Yellen entirely for the growing prospect that the Fed will take a powder on Wednesday and opt for the 81st straight month of ZIRP. After all, she’s basically a fuddy duddy school marm caught in a 1970s labor economics time warp—–a branch of the […]
After The Great Deformation——The Next Challenge
After The Great Deformation——The Next Challenge David Stockman has written the finest piece of financial journalism of our generation: The Great Deformation: The Corruption of American Capitalism. It shows how we got into the mess we are in. Blame the government. Then blame us. It is our government. We must not parrot Flip Wilson’s Geraldine: “The […]
Why The Keynesian Chorus Is Cackling Like Chicken Little
Why The Keynesian Chorus Is Cackling Like Chicken Little This is getting way too stupid. The Keynesian Chorus has launched a full blast trilling campaign, emitting a shrill cackle of warnings against a Fed rate hike. Yes, 80 months of pumping free money into the canyons of Wall Street is not enough. Why? Well, this is hard to type with a straight […]
The Endless Emergency—–Why It’s Always ZIRP Time In The Casino
The Endless Emergency—–Why It’s Always ZIRP Time In The Casino Based on the headline from the latest Jobs Friday report you wouldn’t know that we are still mired in an economic emergency—–one apparently so extreme that it might entail moving to the 81st straight month of zero interest rates at next week’s FOMC meeting. After all, the unemployment rate came in smack-dab on the Fed’s […]
4 Charts Show Why This Rally Will Become a Rout!
4 Charts Show Why This Rally Will Become a Rout! There’s a reason why I warn you to get out of a bubble a little early rather than a little late. It’s because the first wave down tends to happen in a matter of a few weeks or months, sometimes days. It’s fast and furious. […]
The Central Bankers’ Malodorous War On Savers
The Central Bankers’ Malodorous War On Savers Well, that didn’t take long! After just three days of market turmoil the monetary politburo swung into action. This time they sent out B-Dud to promise still another monetary sweetener. Said the head of the New York Fed, “From my perspective, at this moment, the decision to begin the normalization process […]
Bubbles Don’t Correct, They BURST!
Bubbles Don’t Correct, They BURST! I’m practically drowning in interviews. I had half a dozen yesterday and even more today. But it’s time to put the word out that the second greatest bull march in history is finally coming to an end. It’s done. Wall Street thinks this is a correction – a 10% drop, […]
