Category: Debt
America’s ‘Light Unto the World’ Is Now a Bonfire
The cost of living has continued to rise. By the 21st century, the typical man had to work twice as long to buy an average house and an average car as he did in 1975.
Here’s What Uber Is Really Worth
Three times, the Dow has tried to beat its October 2018 high of 2,680. And three times, it has failed. This ‘triple top’ formation is a bad sign.
The Only Real Way to ‘Fix’ Capitalism
Capitalists are conscious. They always try to get the outcomes they want…and they don’t mind cheating — when they can get away with it.
Washington’s War on Tomatoes
The stock market was rattled after Donald Trump threatened to raise tariffs on Chinese goods.The Chinese replied with silly threats of their own.
Wisdom Comes at a Price…
Mr Trump watched the stock market sink; the Dow dropped as much as 648 points intra-day. He fully intends to blame the next downturn on the Fed.
Are We Finally Beaten?
The Fed is ready to cut rates again — just like it was 2008. Republicans and Democrats are ready to spend, spend, spend…just as if they didn’t already have a trillion-dollar deficit…
How the Feds Will Cover Up Their Next Larceny
If you’re at the tail end of a credit-fuelled bubble…with an overpriced stock market…a trillion-dollar federal deficit…and $72 trillion of debt…What are you going to do?
Who Will Push America Over This Cliff?
Rates have been negative for nearly the last 10 years; federal debt more than doubled, while real growth rates fell.
How the Financialisation Scam Works
The key to the whole financialisation scam is what it costs to buy a ticket to ride this train — the DebtBall Express — that pulled out of the station back in 1971.
The Wall Gave Way, and We Fell…
The tax cut didn’t really cut the cost of government. It simply shifted it to debt…and onto the public and into the future. And now the future is coming into view.
The Financialisation of the American Economy
Over the last 10 years, for every stock bought — in net terms — by the public, the corporations themselves bought nearly 50 of them.
The Real Reasons Stocks Go Up
Word on the street yesterday was that stocks were going up to record highs ‘on earnings.’ The casual listener was invited to believe that corporate America was earning more money; therefore, it should be worth more. Why else would people
Should Jesus Have Gone to College?
Studies show that people with more education earn more money. But this is entirely misleading. People with private jets earn more money, too.
‘It’s Not God’s Fault. It’s Man.’
We saw last week that the biggest burst of stimulus in the US — $3.6 trillion of quantitative easing (QE), negative real interest rates for 10 years, and deficits of $11 trillion — brought the weakest recovery ever.
What History Teaches Us About Socialism
Both outright socialists and capitalist reformers have more or less the same goal — to bang, bend, and bamboozle the world into a shape that is more pleasing to them.