Category: Economics and Economy

Economics and Economy

Predicting the Climax

We are watching The Fourth Turning unfold before our eyes. While you should read all of The Fourth Turning by generational historians William Strauss and Neil Howe, here’s one of their predictions for this point in time. The prediction was published in 1997: The economy will in time recover from its early and vertiginous reversals. …

Economics and Economy, News

It Can Happen Again—The Big Short Movie

“You know how when you walk into a post office you realize there is such a difference between a government employee and other people,” said Vinny. “The ratings agency people were all like government employees.” The Big Short: Inside the Doomsday Machine (movie tie-in) (Movie Tie-in Editions) (p. 156). W. W. Norton & Company. Kindle …

Economics and Economy

China Is Crashing and Greece Is Spinning Out of Control

The world is even more fragile than it was in 2007. The big banks are bigger. Aggregate bank assets are concentrated in fewer hands. The bank derivatives books are much larger. Market liquidity is worse. —James Rickards, The Daily Reckoning Well, ain’t that just dandy? And it’s undeniably true. We were told that the 2008 …

Economics and Economy

Greece Rejects Central Banksters

Greece has voted to reject the “troika’s” bailout terms. The people of Greece said “no” to the central banksters who encourage sovereigns to enslave themselves under mountains of debt. The Greeks showed remarkable courage and resiliency, and their example could disrupt the entire international banking system. Tyler Durden at Zero Hedge: The Greek people have …

Economics and Economy, Political Psychology

Take a Walk on the Hedonic Treadmill

Here’s what happens when you raise the minimum wage to $15 an hour, according to scientists: Nothing. Well, not nothing. All kinds of bad things happen to the economy. But nothing happens for two groups of people central to the whole debate: workers who get a bump to $15 and employers who have to bump …

Economics and Economy

Low Interest Rates Hid True Cost of Increasing Debt

House mortgage-type instrument suggested as means to pay off national debt Guest Post By Lee A. Presser Interest rates have been held artificially low by the Federal Reserve since 2008.  This has had the effect of hiding the true cost of increasing debt.  As interest rates rise back toward 4%, the U.S. Treasury will have …

Economics and Economy

Insane: Stocks Markets Rally On Economic Disasters

Eurozone’s economy is basically in recession. Walmart lowered expectations. Again. The world is teetering on the edge of World War. The US is launching Iraq War 3.0: Mission Accomplished Accomplished. Germany’s economy is flat, and Italy and France are getting worse. Risk is high. Corporate debt is staggering. The Fed’s balance sheet is a sea …