It’s only natural, if people think about the economy at all, that people think only about their own nation’s economy. However, the era of globalization demands that we consider the world as a whole when we think about the economy. When someone sneezes in Madagascar, there will soon be a world-wide epidemic of the flu. […]Read more "Are Falling Oil Prices A Precursor To A Perfect Storm"
Look at this CNBC headline from this morning. Why the US will power the world economy in 2015 Note that the headline is a statement and not a question. Now look at the Bovine Droppings (BD) the author offers to support his assertion: Six years after its financial system nearly sank and nearly that long […]Read more "Wall Street’s Exuberance Going Into 2015. Is It Misplaced?"
Many Americans will be working off all those calories they consumed yesterday by pushing and shoving their way through the crowds to spend their hard earned cash on those Black Friday bargains (a traditions I could do without). Retailers typically count on their Black Friday sales for a large percentage of their annual revenues. According […]Read more "Black Friday and Donkeynomics"
Unfortunately for the romantics out there, it is not love that makes the world go around. It’s money that makes the world go around, right? Well, if you think of money as those units of currency you carry in your wallet or pocket, then no it’s not actual money. Actual money (currency) is in relatively […]Read more "Doomed by Debt"
If you don’t believe that the American recovery is real, you’re in good company. Well, … not so good company, actually. You see, although President Obama publicly touts that his policies and lawless Executive Orders have America on the right track, after George Bush single-handedly destroyed the economy, he is actually lying about that. In […]Read more "You Don’t Believe We’re Really In A Recovery? What If There Never Is A Recovery For Most People?"
We small-brain folks on the Right just don’t get. You know who I’m talking about; folks like me. We believe in free market capitalism and silly things like the economic law of supply and demand. We believe that government interfering in the market place with their fiscal and monetary polices just screw things up by […]Read more "From Leftfield The Future Looks Fantastic!"
Are Paul Krugman and Larry Summers channeling Asylum Watch? It is highly unlikely that either of those two would deign to read this humble blog. That’s okay because they are not the kind of company I seek anyway. In his NYT article the other day, Krugman is agreeing with something Larry Summers has been saying. […]Read more "Paul Krugman and Larry Summers and Asylum Watch"
I’ve vacillated for weeks about whether I should write this post or not. After all, who am I to read the tea leaves and describe a future that few would want for their progeny. I don’t like being negative. It’s not who I was for most of my life. I always had dreams and took […]Read more "I Can’t See A Light At The End Of The Tunnel"
The political class in America, either via misguided economic policies or a deliberate attempt to hide the true condition of the country, has put us here. They will continue to employ whatever policies they believe will keep things going for a while longer. The tragic ending has been cast. Economics cannot trump mathematics. That according […]Read more "There Is No Escape! Economics Can Not Trump Mathematics!"
In Part I of this “What Recovery?” series, we examined the concept of the velocity of money and how it has been declining for over two decades, which explains why most Americans are not experiencing the economic recovery that technically began in 2009. Then, in Part II, we saw how systemically high unemployment is a […]Read more "What Recovery? __ Part III, Freedom and Innovation to the Rescue?"