Housing is not in decline any longer. Neither is the housing market the express train just leaving the station the propagandists and cheerleaders would have you believe you’re about to miss. Starts and permits for new homes are flat. Sales of … Continue reading
OH HELL NO, I don’t want Ben Bernanke’s Federal Reserve to keep printing money for the next decade! Not for the next five years or two years or two months, either. There’s one brain-dead Keynes-besotted pundit after another opining that there’s nothing to stop … Continue reading
Everything there is to know about Obama’s blueprint for the transformation of America into France, in one cool Heritage Foundation Infographic. BTW: An Ivy covered economist appropriately named Alan Blinder … Princeton don and former Federal Reserve big dog … opines in … Continue reading
The media has been babbling about currency wars for several months now. None of these writers, based on what they’ve written, really understand what a currency war is. They either make it sound like some arcane economic debate, incomprehensible to the Great Unwashed, … Continue reading
The only way to save welfare states and prevent unions from being dismantled with “labor reforms” is to degrade, weaken and devalue the currency; to enslave the money supply to open-ended, “morally imperative” spending; to commit the central bank to the … Continue reading
Everyone over the age of 6 knows Einstein’s famous E = MC². Less well known but more important in the context of what the world’s central banks are doing, more central to your life and future prospects, however, is this one: Q X … Continue reading
This is an unusually quiet post on Zerohedge.com, a website given to histrionics and overstatement. The gentleness of the prose counterpoints the importance of the message. Cyprus matters because the two large banks in question … which together hold over €80Billion … Continue reading
Having my post “Obama’s IRA Money Grab“ being recommended last Tuesday by Jon N. Hall, an exceptional writer on the “American Thinker” website, was certainly an honor. The coolest part was getting emails like this one. <Cato>, I reached your site at the … Continue reading
I got immediate retorts from the last post “A Panic; A Convulsion…“. This was the most thoughtful of the push-backs, to my mind. <Cato>….”you’re not looking at things right. Bernanke is just making a long term loan to the US economy…..It’s … Continue reading
It is not different this time. We are not in a new age of magical prosperity flowing out of central bank mints in Washington, Tokyo, London and Brussels. One cannot create wealth with a printing press. If that were true … Continue reading