Spending more on medical care doesn’t necessarily make people healthier. In fact, it may squander resources, leaving them poorer and more vulnerable.
We’re still reeling: the economy’s been backtracking since 1989. How do we know? We took the feds’ GDP growth numbers and adjusted them for inflation.
Commercial banks simply created money ‘out of thin air’ by creating new digital deposits. Not surprisingly, this new money was popular…
The US Federal Reserve has more debt than they can repay. The biggest financial story of the next quarter century will be what happens to that debt. Stay tuned.
Bad-mouthing capitalism has a large, ready audience of uncritical fans. So we rise to defend the faith — in capitalism, that is.
Your editor is going way, way out on a very solid limb. He has identified three things that WILL happen in the market. No doubt about it. He guarantees it.
Before you go blaming bankers’ greed, you should know that this sort of thing is always the government’s fault somehow. It’s just a question of finding out how…
When these people lose faith, the trickle of these dollars returning to the US will increase. Prices will begin to rise – slowly, then suddenly, in a flood…
Someday Bitcoin could be the new world reserve currency, and it will leave these stuffy researchers in Federal Reserve palaces crying into their cappuccinos.
The global probe into foreign exchange manipulation has widened to include 15 of the world’s biggest banks and some of the most actively traded currencies…
We have lived among them. We have learned their zombie ways…and we can speak their zombie language fluently. Often, they are surprisingly sharp.
Longer term, I remain bearish about the bond market. Yet there is one point we need to consider. Is it wise to sell U.S. bonds of America?
Clearly, it has never occurred to the Fed professors that Fed policies favour only large asset holders and, by creating bubbles, destroy the assets of the majority.
We would be delighted with a debt default. It’s precisely what should happen. Congress spends more than it brings in by way of taxes. It has done this for years.