“Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.”
[Read more...]How to Prolong an Inevitable Market Correction
February 6, 2012 By Leave a Comment
Last week came and went. As near as we could tell, nothing was settled. The trends in motion stayed in motion… No end in sight.
On Friday, Americans were still convinced that they were never going broke. The Europeans were still squabbling about how they were going to keep from going broke And the Japanese were telling each other that going broke wouldn’t be so bad.
[Read more...]Correcting the Growth of Human History
December 22, 2011 By Leave a Comment
And so, yesterday, the northern hemisphere had its shortest day of the year. In Baltimore, the sun never rose and never set. It was gray all day. Then it was night again.
And so the days dwindle down to a precious few. In astronomical terms, the year is already over. We have passed the winter solstice. From here on out the days grow longer. In terms of the Gregorian Calendar, we still have a few more days to go in 2011. Then, we face a new year. New challenges. New crises. And new opportunities. Will 2012 be the year the human race goes into a downturn…a slump…a correction?
[Read more...]When Economic Growth is a Thing of the Past
September 20, 2011 By Leave a Comment
We think we’re onto a big story. A BIG story.
This correction is aiming high…it’s going to take down the entire capital structure of the world’s developed economies.
Stocks…bonds…real estate — watch out…they’re all going down.
The dollar…the pound…the euro — look out below!
[Read more...]Correcting America’s Position in the Global Economy
September 14, 2011 By Leave a Comment
Baltimore is a great town. It has more liquor stores than churches. But it is being taken over by zombies. More below…
Yesterday, the Dow went up 44 points. Gold rose $16.
Just noise. Pay no attention.
Both stocks and gold are moving against what we think SHOULD they should be doing. Of course, Mr. Market doesn’t give a hoot what we think.
[Read more...]US Debt and the Roadblocks to Renaissance
September 12, 2011 By Leave a Comment
It would be almost laughably easy to bring a real renaissance in the US.
But first you have to understand the real problem. It’s not a lack of stimulus… Or, the inequality of income distribution… Or because the feds didn’t regulate enough. Or that bankers are greedy…or that capitalism won’t work.
[Read more...]Government Spending: A Novel Approach to Fixing the Economy
September 9, 2011 By Leave a Comment
We were talking about faithless shepherds.
Politicians who sold out the American middle class…
Banks who stabbed their clients in the back…
Even the military, pretending to defend the country…it betrays the nation’s most sacred principles…
And here we have two shepherds in front of us. One of them is supposed to look after the whole flock of Americans. The other is supposed to protect their money.
[Read more...]Morons and the Economic Elite
September 1, 2011 By Leave a Comment
Who’s the moron?
The month of August came and went. It was full of sound and fury — with big whipsaws in stocks — but what did it signify? Nothing?
Yesterday, nothing happened. Stocks were as flat and placid as a democrat’s brain scan.
But the activists aren’t dead. Fed governors. Newspapers. Economists. All are pushing for more intervention. It is just a matter of time; they’ll get it.
[Read more...]
Correction Fighting: How Feds Prolong Economic Depressions
“Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.”
[Read more...]