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Video: Stockman on Dylan Ratigan
Here is David Stockman at his best. We agree on most things. He agrees with my prediction that Ben Bernanke is a dead man walking. I especially appreciated his comments on Crony Capitalist Jeff Immelt....
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Is the US Already in a New Recession?
Aside from the theme propounded on this site that the “Great Recession” never really ended, if we use mainstream terminology, then the recession ended two years ago. It may just be that another one...
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What Bothers Me About the U.S. Stock Market
There’s too much optimism compared to actual data and recent trends, at least so far as I can see. Here are some examples. The Financial Times has, behind a firewall, an article out today showing...
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Making Sense Of 2011
This is the time of year when you are supposed to look back and make sense of what happened during the year and make predictions about the new year. A futile task if there ever was one. How can anyone...
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Friday the 13th Felt Like a Market Top; ECRI Updates Its Economic Views;...
On the morning of this past Friday the 13th, I was greeted on my home page, Bloomberg.com, by the lead story– which was of investors cheering and captioned by the statement that good news is at hand,...
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Another Post-Depression Echo as U.S. Banks Become the New Japan and China and...
Just as happened after WW II and for many years, the U.S. banking system is ramping up its holdings of Treasurys. Bloomberg reports: U.S. banks bought more government and related debt in the first two...
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A Response To Bernanke’s ‘Misunderstanding’ About The Gold Standard
4/4/12 — I should have added that I had edited this piece before Keith saw it and thus not all of the comments are his. For example, he was not aware of the works of Austrian School economist Hans...
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Fraud: Why The Great Recession
Free markets are not to be blamed for the Great Recession. On the contrary, its origins rest upon the deep government and central bank intervention in the economy. Through fraudulent mechanisms, this...
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The Fiscal Cliff Looms Because Mainstream Economists Got the Strength of the...
A problem with “fiscal cliff” economic reporting is the lack of context. It is widely said that if only the “uncertainty” of the cliff were resolved, then businesses would invest again and all shall...
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