With all the talk about the Great Depression over the course of the last five years, I thought it would be worthwhile to get an opinion on what caused the first one.
[Read more...]Echoes From The Great Depression: Occupiers From Another Age
December 14, 2011 By Leave a Comment
With all the talk about the Great Depression over the course of the last five years, I thought it would be worthwhile to get an opinion on what caused the first one.
[Read more...]Bear Come Up Short, 3Q GDP Expands at Fastest Rate in a Year
October 27, 2011 By Leave a Comment
As I noted in previous posts, its not 2008 and the bears are wrong about the double-dip recession.
[Read more...]Bears Come Up Short, 3Q GDP Expands at Fastest Rate in a Year
October 27, 2011 By Leave a Comment
As I noted in previous posts, its not 2008 and the bears are wrong about the double-dip recession.
[Read more...]The Bears are Wrong About the Double-Dip Recession
October 21, 2011 By Leave a Comment
Once again the economic data we received this week fails to support what some believe is an inevitable double-dip.
[Read more...]The Shifting Focus of US Consumer Spending
October 10, 2011 By Leave a Comment
The feds released a jobs report on Friday. It said that things weren’t as bad as everyone thought. The US economy actually added 103,000 new jobs in September.
But wait. That is not a lot of jobs. There are about 150 million people who make up the labor force. This number increases — by immigration and population growth — by about 1.2 million per year. So, 100,000 new jobs doesn’t do much to restore full employment.
[Read more...]No Return on Government Investments
October 7, 2011 By Leave a Comment
The news was good yesterday. Investors heard that Europe had its problems under control. Then, Obama told them that he was going to give the economy a jolt.
Investors breathed a little easier. The feds were on the case.
The Dow rose 183 points. Meanwhile, bonds went down, with the yield on the 10-year note rising to almost 2%. Oil rose too, and ended the day trading over $80. Even gold went up — $11.
[Read more...]Is QE3 Just Around the Corner?
August 22, 2011 By Leave a Comment
Secret loans from the Fed to Wall Street totaled $1.2 trillion at the height of the 2008 panic.
That’s the conclusion of Bloomberg after analyzing 29,346 pages of documents released by the Fed only because Bloomberg went all the way to the US Supreme Court to obtain them.
[Read more...]
Trends that Won’t End
U.S. taxpayers have lost $133 billion from TARP — the abominable acronym inflicted on us by former Treasury Secretary Hank Paulson — a new report out this morning shows.
We begin another week pulled in two directions: In one direction lie unresolved failures in policy… and the mayhem it has wrought in the financial system. In the other lie breakthroughs in energy and biotechnology.
[Read more...]