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Epocalypse Soon: The Second Coming of the Great Recession is Near

It was the second nuclear explosion, not the first, that ended World War II; and so it will be with the nuclear-sized economic disaster that first struck the earth in 2008. The second strike will be more calamitous and have greater consequence than the first, and that nuclear bomb is about to go off with a relatively […]

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Sometimes When I Read Economists My Brain Hurts

And it isn’t because of their fancy math or their impenetrable jargon or even their arrogance.   “We’re in a puzzling economy,” Shiller told Bloomberg TV.   The kindly professor sounded genuinely befuddled, which left me wondering how an economist can be puzzled as to why the economy isn’t working when its flaws are more obvious than […]

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Epocalypse: What Trends Shape the World after Global Economic Collapse?

To divine the direction the world will take after global economic collapse, you have to understand the prevailing winds and the underlying tides. Look for the megatrends that are influences against which all other forces have minor affect. In predicting that global economic collapse would happen this fall, I pointed out the headwinds that would continue to grow in […]

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How to create sustainable economic recovery

It should be coming clear that economic recovery has evaded us. If you’re not seeing that just yet, your illusion of recovery will dissolve quickly this fall, just as I’ve said it would. Nothing the Federal Reserve has done has created recovery because it was never possible that such simplistic stimulus — made to appear […]

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The Obama Economic Recovery in Nine Easy Images

If you refuse to blame the Obama administration for the “economic recovery” pictured in these charts, then you’re just a Democrat protecting your own ideology. If, on the other hand, you refuse to blame the Republican congress, you’re just a Republican protecting your own ideology. Either way, you are part of the problem. You are […]

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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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