Tag Archives: Financial Crisis

More Trouble in Canada? – Massive Housing Bubble.

I recently discussed how some troubling economic trends are brewing in Canada. Our northerly neighbor tends to slip under the radar; but any economic developments in Canada, the USA’s largest trading partner, should be given serious attention. In the previous article, I discussed the falling number of Actual Hours Worked falling in Canada, and how […]

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US Economy: Recovery, Stagnation, and Interest Rates.

On CNBC, we read: The U.S. economy contracted at a much steeper pace than previously estimated in the first quarter, but there are indications that growth has since rebounded strongly. The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, the economy’s worst performance in five years, instead of […]

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Bank Crisis: #2 Bank in the UK Losing Money, Cutting Jobs.

Barclays, the 2nd largest bank in the United Kingdom in terms of total assets, has recently announced that it is cutting nearly 15,000 jobs this year. This is big news. Barclays is an enormous bank. It is the 10th largest bank in the world. As the BBC reports: Barclays is expected to announce up to […]

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The U.S. Banking System: Ticking Time Bomb?

I made a discovery whilst perusing and comparing Federal Reserve charts earlier today (I am a totally fun guy, btw!) It is a ticking time bomb within the U.S. banking system. The chart below shows total M1 stock in the economy (currency in circulation plus checking deposits): Now examine this next chart. It shows excess […]

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California: Record Numbers of 50 to 64 Year Olds Shacking Up with Parents.

A recent study conducted by researchers at UCLA have found that the number of 50-64 year olds in California moving back into the homes of their even older parents has ballooned by 67% over the past 7 years. The study attempted to count only those who moved back in due to economic necessity, as opposed […]

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Kansas City Fed: “Keep Interest Rates at Zero.”

The Federal Reserve currently holds interest rates in the U.S. near zero. Look at your own bank accounts to see evidence of this. The Federal Reserve keeps rates low through it’s asset-purchasing program, which I have described here. Low interest rates are supposed to encourage borrowing and lending, thereby theoretically stirring demand and stimulating economic […]

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The USA – Future Totalitarian Dystopia?

There are a number of serious political and economic questions to be asked about the future of America. In the economic sphere, we are in uncharted territory. The total supply of money in the U.S. has never been as high as it is now. Even 10 years ago, this rate of monetary expansion would’ve been […]

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Janet Yellen’s First Press Release: Quick Thoughts and Analysis.

Janet Yellen, Chairwoman of the Federal Reserve, recently solidified her reign by holding her first post-FOMC official press release. In the release, Ms. Yellen made some mildly interesting comments. Previous chairman Ben Bernanke had maintained that inflation at 2% and unemployment at 6.5% would signal the Fed to begin winding down its asset purchase program. […]

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The 4th Branch of Government: The Federal Reserve.

Sometimes I am blown away by the sheer lack of basic economic understanding from influential people in politics, business, and academia. When I hear these people speak, I can’t help but put my hand on my forehead with an incredulous look on my face and think, “Does this person really believe this crap?” This interesting […]

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Alan Greenspan, Progenitor of the 2008 Economic Crash: “I Don’t Apologize.”

Alan Greenspan was the chairman of the Federal Reserve from 1987 to 2006. I will remind my less economically-inclined readers that the Federal Reserve is the institution in America that prints money. After Greenspan handed over the chairmanship to Ben Bernanke in 2006, he seemed to disappear for a great many years… until now. Mr. […]

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