US Economy

Even after five years of crisis, recession — some even say depression — this US economy is still the largest in the world.

It has enormous influence over the direction of financial markets and your investments. But will its trillion dollars in government debt prove the end of the Empire? Or can resurgent industries like technology and energy put America back on the front foot?

We’ll leave it to you to make up your own mind after reading from this diverse group of analysts.

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  • US Economy
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    Is Trump a Genius?
    Most public figures are, at least in part, scoundrels. It would be an amazing thing — especially in America — if Mr Trump were an exception. He’s part of what makes it such a pleasure to be an American. The show never ends…
    US fed stabbing investor in back
    Will the Fed Stab Investors in the Back?
    Warsh — who resigned as Fed governor in 2011 — says he’d like to get the Fed in position to fight the next downturn…by raising rates now. Instead of having investors’ backs…ready to buy assets when markets turn down…under Warsh, the Fed may become investors’ worst enemy.
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    The October Stock Market Melt-Up
    While in the US it seems like everyone is making money from the stock market, it’s a very different story in Australia. For most of the year, experts have suggested that the US eight-year bull run would end. However, we’re now into October in a year ending in the number ‘seven’. Sceptics suggest that this month is when the heat will be finally taken out of US markets.
    US debt hole
    No Way Out of This Black Hole of Debt
    Why can’t Congress pass a serious tax reform measure? Because the feds need money. They can only get money from the people who have it — the rich. But the rich control the government and its tax-writing committees. So, the feds are stuck. And so is the entire economy.
    warren buffett
    Why Warren Buffett Is Wrong
    ‘Buffett’ and ‘wrong’ rarely appear in the same sentence. That’s not to say his judgement is always correct, or that his assumptions should not be challenged. One thing is certain - Buffett and I will not be here to see which one of us is correct.
    US economy
    The Greatest Mystery of the 21st Century
    US economy is running at about one-half to one-third of the rate of growth during the 1960s and 1970s. And by our estimation, more than half the country has been in a depression for the entire 21st century.
    the white house
    How to Starve the Washington Beast
    Back in Washington, at the National Taxpayers Union in the 1970s, we saw the dots. And we connected them. Back then, consumer price inflation was rising…as the feds financed more and more of their programs with printing press money. How could this be stopped? ‘Starve the beast’ was the idea.
    US tax cuts
    Another Win for the ‘One Percent’
    Here come the feds to the rescue again. They’re offering a tax cut for the middle class. Not for us rich guys. No way! Under Team Trump’s tax plan, our business income, currently taxed at 35%, would be taxed at 20%. Hey, that’s good news for us. But how does that help the middle class? It won’t.
    US stock market correction
    The Looming US Stock Market Correction
    My view is that we’re well overdue for a stock market correction. There hasn’t been a 10% correction since January 2016. That’s not normal in a healthy bull market. Perhaps the change in trend could have something to do with Trump’s tax bill.
    Trump’s Tax Plan Is a Fraud
    Trump’s Tax Plan Is a Fraud
    Neither corporations, nor the middle class, are big taxpayers. The big taxpayers are the rich — the people the Trump team has promised not to favour with a tax cut. And even if you did give the rich a tax cut — which is what this tax proposal really is — it would be very unlikely to result in additional growth.
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    Save Those MAGA Hats!
    The first crisis will be a crash and a depression. The second — after another massive ‘stimulus’ from the authorities — will be raging, bubbling inflation. Then, those MAGA hats will probably be collectors’ items, too…and sell for $1,000 each……which will be about enough to buy a coffee at Starbucks.
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    US Shale and The ‘Energy Freedom’ Myth
    US shale developments have a history of exploding with production growth before rapidly drying up. Overly-optimistic oil companies are lapping up the low interest rates in the US, as it allows them to expand through increasing debt. Yet, seemingly, being positive cash flow doesn’t matter when you are ‘investing’ in the future.