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Another Look at How the 2014 October Surprise Changed the Stock Market

The one prediction I’ve made over the past years on this blog that came the closest to looking wrong has taken some time to gain perspective on. When I predicted the stock market would crash in the fall of 2014, it did take a big plunge, but it immediately spiked back up, so I couldn’t exactly call […]

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Cashless Society Has Arrived, and It’s Global

Half a century ago I remember my mother, as she rolled dough on the kitchen table, listening to radio preachers who predicted that the entire would become a cashless society based on a biblical prophecy in the Book of Revelation. Those preachers are now dead, as is my mother, but their predictions are coming to […]

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Truth Begins to Dawn: No Recovery in Our Economic Recovery

The crack of dawn that would shine through economic denial has taken longer to come than I thought when I prognosticated that turbulence would begin last fall, which I said would cause people to realize there has been no recovery in our “economic recovery.” But here we are.   Citigroup now agrees: no recovery in our “economic recovery”   […]

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Federal Reserve’s End of Quantitative Easing Didn’t Happen!

There is one reason I’m posting again on my blog and that is that the Federal Reserve lied. The long-promised end of quantitative easing by the Fed last fall never happened, and, strangely, no one has called the Fed on that. I cry foul.   It was the end of quantitative easing in 2014 … not! […]

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An Economic Vision for Real, Sustainable Recovery

My economic vision for a sustainable economic recovery is easy to understand, easy to believe in and almost impossible to enact politically. I’ve laid it out in bullet points throughout the article below:   Banks that failed would be allowed to fail, so the bad stuff dies and decays back into the fetid earth, and the evil and greedy are […]

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Stock Market Collapse Continues to Unfold in Turbulent Fall

Yes, the economic headwinds all over the world are growing, and a subconscious awareness is spreading that there is no recovery. It is now starting to look like the stock market is banging its head on a glass ceiling. Consider just the events of this past week:   Stock market collapse seen in second correction?   What? […]

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Reagan Budget Director: Recovery of Stock Market Rigged

Was the recovery of the stock market rigged? David Stockton, President Reagan’s Director of the Office of Management and Budget, says it was:   The markets plunged on a vague recognition that the central bank promoted recovery story might not be on the level. But that tremor didn’t last long. Right on cue the next day, one of the very dimmest Fed heads — James […]

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Wealth Inequality in America Funded by Federal Reserve

When Federal Reserve Chair Janet Yellen worries about growing wealth inequality in America, I wonder if she’s truly unaware of how she creates this disparity. All of the Fed’s efforts at economic recovery have been directly applied toward helping the America’s most wealthy recover first. How can you not create greater wealth inequality in America when the recovery program for the Great Recession […]

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Ireland Leads Way to First Cashless Society

The Central Bank of Ireland is launching a €1 million campaign to create a cashless society in Ireland. The Central Bank on Dublin’s Dame Street is hoping to persuade all of the Irish to surrender their cash forever, and they’re using the current Irish economic troubles as a ripe opportunity to turn that corner on cash. […]

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Five Years of Obama, Jobs Still in the Tank

Let’s look at some simple facts about how much improvement Obamanomics has given us in the job market after five years. The number of Americans who are capable of work but have chosen not to work has risen from 80,507,000 to 90,609,000, the first time it has ever topped ninety million. Ten million more people […]

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Mortgage Meltdown: What does the rapid rise in mortgage rates say about economic recovery?

Federal Reserve Chairman Ben Bernanke merely hinted that the Fed MIGHT START to TAPER its quantitative easing MONTHS from now, and that breath sent mortgage rates soaring in one of the steepest rates of rise the U.S. has seen. This confirms one of the primary themes of this blog in the starkest way possible:   […]

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Economic Predictions for 2012 – My end-of-year audit

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 […]

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Republicans Have Become the Failing Power Grid of America

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 […]

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An economic plan that might have brought recovery from depression

Anyone can criticize while having no better ideas.  In fact, I would argue that, if you cannot put forward reasonable alternatives, you might not be qualified to criticize those who are, at least, trying something. In that spirit, I want to scope out a new economic recovery program vastly different from the economic plan the U.S. adopted […]

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