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Tag Archives: Wall Street
Unhinged, Part 1: The GOP’s Fiscal Madness
Unhinged, Part 1: The GOP’s Fiscal Madness The watchword for 2018 is: UNHINGED! That refers to Wall Street, Washington, the Dems and the GOP, and all the far and near corners of the planet which are implicated in their collective follies. The latter begins with the fact that Imperial Washington has become so dysfunctional that the most powerful […]
A Bedtime Story
A Bedtime Story We are explaining our money system to our grandson, James, now 14 months old… His mother tries to get him to go to bed at 9 p.m. But the little boy’s internal clock is still on Baltimore time; it tells him it is much too early to go to sleep. Bill’s living […]
The Greatest Bubble Ever: Why You Better Believe It, Part 1
The Greatest Bubble Ever: Why You Better Believe It, Part 1 During the 40 months after Alan Greenspan’s infamous “irrational exuberance” speech in December 1996, the NASDAQ 100 index rose from 830 to 4585 or by 450%. But the perma-bulls said not to worry: This time is different—-it’s a new age of technology miracles that will change the laws […]
The ghost of Gann: Another crash is coming
The ghost of Gann: Another crash is coming The original wizard of Wall Street, W.D Gann was a finance trader and wealthy speculator that spent decades investigating cyclical trends in equity market patterns and found that prices could be predicted long in advance. He successfully predicted the crashes in the 1929 and Dot-Com stock market […]
In Legalizing Marijuana, Uruguay Trips over the Dollar, US Laws, and Global Banks
In Legalizing Marijuana, Uruguay Trips over the Dollar, US Laws, and Global Banks It’s far from easy to do business without the financial support of any bank. But Uruguay, in its efforts to create a legal, regulated market for the recreational use of marijuana, is trying. In August it was revealed that some of the pharmacies […]
The Darkest Hours
The Darkest Hours The Tax “Reform” bill working its way painfully out the digestive system of congress like a sigmoid fistula, ought be re-named the US Asset-stripping Assistance Act of 2017, because that’s what is about to splatter the faces of the waiting public, most of whom won’t have a personal lobbyist / tax lawyer […]
“Dark Money” Runs the World
“Dark Money” Runs the World Few people know financial markets’ biggest secret… For the last 40 years, most people believed the stock market always goes up. Simply buy and hold long enough, the theory went, and you could sit back and watch the money accumulate in your account. No thought or hard work needed. It […]
Peak Fantasy Time
Peak Fantasy Time If you want to know why both Wall Street and Washington are so delusional about America’s baleful economic predicament, just consider this morsel from today’s Wall Street Journal on the purportedly awesome November jobs report. Wages rose just 2.5% from a year earlier in November—near the same lackluster pace maintained since late 2015, despite a […]
Climate Crisis, ‘Smart’ Growth and the Logic of Calamity
Climate Crisis, ‘Smart’ Growth and the Logic of Calamity A few years back at a Leftish gathering a group of self-described Marxist economists channeled liberal Democrat Paul Krugman’s explanation of the Great Recession without apparently knowing of Mr. Krugman’s thesis. Basically, a self-perpetuating recession had a grip on the economy, Wall Street was a catalyst […]
Venezuela Defaults On A Debt Payment – Is This The First Domino To Fall?
Venezuela Defaults On A Debt Payment – Is This The First Domino To Fall? Did you know that Venezuela just went into default? This should be an absolutely enormous story, but the mainstream media is being very quiet about it. Wall Street and other major financial centers around the globe could potentially be facing hundreds […]
The Unbearable Slowness of Fourth Turnings
THE UNBEARABLE SLOWNESS OF FOURTH TURNINGS “The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the […]
Record Surge in Riskiest Loans Fattens Wall Street Banks
Record Surge in Riskiest Loans Fattens Wall Street Banks Crackdown efforts by bank regulators are put on hold. The volume of leveraged loans – the riskiest loans Wall Street banks provide – has surged 38% year-over-year and has already beaten the full-year record set in 2013, according to Dealogic. Total of leveraged loans outstanding has […]
The Downright Sinister Rearrangement of Riches
The Downright Sinister Rearrangement of Riches Simple Classifications Let’s begin with facts. Cold hard unadorned facts. Water boils at 212 degrees Fahrenheit at standard atmospheric pressure. Squaring the circle using a compass and straightedge is impossible. The sun is a star. The sun is not just a star, it is a benevolent star. Look, it […]
