As I consider my 2013 Economic Predictions, I have to take a lesson from my “Economic Predictions for 2012.” I was right in all the trends, because economic fundamentals drive the trends, but I was wrong in not seeing how denial of economic reality could maintain itself longer than I thought, slowing the speed and [… Read More]
2012 brought a change to global stock markets we have never witnessed. The unprecedented money-mongering of central banks has caused stock exchanges to completely unhitch themselves from economic reality. Markets now react inversely to their economies, a situation that begs for a devastating stock market crash. The great stock market bubble of the Great Recession [… Read More]
It’s time to assess my own 2012 economic predictions. In looking honestly at the shortcomings in my predictions, I see something interesting. The picture of events formed a ghost image to my own forecast. It shaped up weaker than I had predicted, and yet has taken the exact form I envisioned, albeit in paler colors [… Read More]
How can Republicans still believe a capital gains tax increase will hurt investment and jobs when the world’s most successful, multi-billionaire, investment advisor begs to differ? Republicans may stand on the right side of the aisle, but they certainly do not stand on the right side of the argument when it comes to ending the [… Read More]
Here’s a brain game for you: Before reading this article, watch this short video and see if you can figure out on your own why the narrator, who pretends to be an honest broker of pure mathematical fact, is completely wrong and dishonest in the claim he makes at the end of the video. This [… Read More]
Watching the aftermath of hurricane Sandy, I found myself repeating something I’ve complained about for decades. I watched the tired story of millions of people living in dark because of power lines being whipped about in a storm. What a metaphor that is for how truly in-the-dark America has become. I listened to stories of [… Read More]
Consider the differences between President Obamney and robo-candidate Robama: Obamney believes the Federal Reserve should continue to run or ruin our monetary system, whereas Robama has expressed no reservations about the system. President Obamney says Robama invented ObamaCare in that Obamney patterned it off of Robama’s plan in Massachusettes. Robama doesn’t care that he invented ObamaCare; [… Read More]
I’ve made significant changes to The Great Recession Blog since I did a subscriber survey. Having received only ONE response to the survey, I might conclude there is not enough interest to justify the blog’s continued existence. With more profitable ventures competing for my time, I would be inclined to drop it entirely. HOWEVER, traffic at the [… Read More]
A funny thing happened on the way to Wall Street. News about the economy was as dark as the ink it was printed with, and yet stock markets vaulted upward. The Federal Reserve had been teasing the stock markets with round three of quantitative easing (QE3), and the noses of the market bulls now flared [… Read More]
Vote Baritt Obamney for President in 2012 “A vote for Baritt Obamney is a vote for more of the same … or four more of the same.” Baritt Obamney promises to be all things to all people. He will be the “change” you want him to be
The headwinds for the economy look formidable as you read the economic news during these dog days of summer. Israel is pushing harder every day for an attack on Iran that would drive up oil prices just as food prices are already on the rise due to the most severe U.S. drought in my lifetime. [… Read More]
The Business Editor of The Daily Telegraph must be dining on the food of the gods to be so high about recovery from the Great Recession, but he’s also eating with his feet and making quite a mess in his analysis, which speaks against any evolutionary development in his thirty years. According to The Telegraph, [… Read More]
The stock market holds firm to its bullish trend during an onslaught of mediocre to bad economic news headlines because most investors are investment banks, betting that bad economic news means the Fed will deposit within those same banks more free money, which will fuel the stock market until the money is fully invested. The [… Read More]
Today, I could not just put the jobs report data in the sidebar of economic news as usual because there was so much spin all over the place that I thought it all deserved an article introducing the way the jobs data news is spun.
