Tag Archives: Economy

Slowing Economic Growth: The True Death of Keynes.

The following chart was published not that long ago in a Gallup study. It depicts the real overall economic slowdown that has occurred in the USA since 1966: The implications are stunning. For over 50 years, the Keynesian economic establishment running the US government has claimed to be furthering economic growth. This is the entire […]

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Retail Bankruptcy: Shopping Mall Blues.

The following chart was posted to ZeroHedge, showing a comparison of announced retail store closures for 2017. The numbers are stunning: This was accompanied by the Fitch list of expected retail bankruptcies within the next year: Sears Holdings Corp (roughly $2.5 billion); 99 Cents Only Stores LLC; Charming Charlie LLC; Gymboree Corp.; Nine West Holdings […]

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“Buy American!” – A Protectionist Dialogue.

In light of the recent announcement of Trump’s “Buy American” executive orders, I present a theoretical dialogue between Trump and myself: Trump: “Buy American!” Me: “Noted.” Trump: “Let me rephrase that: I demand you to buy American.” Me: “Why?” Trump: “Because it’s your duty!” Me: “Why?” Trump: “Because it helps the economy!” Me: “How?” Trump: […]

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Caution! A Stock Market Warning.

I have said that I expect a severe economic recession to kick in by the end of 2017. I still believe this. I’ll concede that it may be in 2018. Either way: soon. Read my thoughts on this here and here. Recessions are problematic. You probably don’t need me to tell you that. Employers lose […]

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Does “Free Trade” Hurt Americans?

Pat Buchanan is a sharp political analyst. He strikes at the core of an issue more quickly than Marion Barry could light a crack pipe, which is to say pretty quickly. But his grasp of economics is poor. Not just poor: resoundingly bad. In a recent article commenting on Trump’s State of the Union address, […]

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Trump Trumped By… Trump? Fiscal Reality Looms.

On March 15th, the present government is going to hit a brick wall: the expiration of the current budget deal. The debt ceiling holiday agreed upon two years ago is going to end, and the $20 trillion hard debt limit is going to smack the government in the face. That means no more debt unless […]

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Take a Hike: Federal Reserve Planning For Recession?

Last week, the Federal Reserve “raised rates”, as the mainstream financial media is apt to say. What this really means is that the Federal Raise raised the only interest rate that they have any direct control over: the rate of interest paid on excess reserves. The rate was increased from 0.5% – barely above zero […]

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The Rising Star Of The 21st Century Is…

India. Why India? First, the population is massive and growing. It will overtake China as the #1 most populous nation within this century. Second, it is a common law country. This was the greatest gift bestowed on them by English colonial rule. Common law is far better for individual liberty and cooperative society, as opposed […]

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RETIREE NIGHTMARE: Major Pension Funds Going Bust?

From the New York Times, we read this: Picture the next major American city to go bankrupt. What springs to mind? Probably not the swagger and sprawl of Dallas. But there was Dallas’s mayor, Michael S. Rawlings, testifying this month to a state oversight board that his city appeared to be “walking into the fan […]

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Trump’s Next Crucial Campaign.

Republicans are holding a political double-edged sword. If they use it the wrong way, they risk chopping off their own limbs. Trump is president. And Republicans have held onto the Senate, which they can probably thank Trump for. This gives them enormous leverage. But with great power comes great responsibility, as one super hero’s late […]

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