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 […]
Larry Kudlow wrote, “One of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad.” Stupid, indeed. I wouldn’t even use falling oils prices to claim I won my bet that the economy would enter a stormy period this fall. All the same, Larry practically hands me the winnings on my […]
Looking at this list of failures of the Centers for Disease Control to stop Ebola in the US so far, there’s good reason to wonder if they are up to the job. The cheapness of hospitals and the foolishness of adminstrators and doctors in not being better prepared is inexcusable. Consider the following examples and my common-sense […]
When three people getting Ebola in the U.S. can cause the stock market to shudder, then you know the market has entered that crisis I was talking about when I said the headwinds to the global economy would become so strong in the fall that a single significant event out of the blue — such as Ebola […]
A global economic storm has arrived. It’s not blowing full force, but here is what it looks like in a bullet list of recent economic changes: Japan’s economy is in rapid recession, dropping 7% with industrial production tumbling 3.3% year-on-year. U.K. inflation has plunged to its lowest in five years, edging up fears of a deflationary spiral, […]
As Franklin Roosevelt said, “All we have to fear is fear itself.” The stock market hangs in such peril that it is the fear of fear that is now driving its surges. The market is afraid that Ebola fear will cause a panicked change in people’s economic activities. The market fears the fear. When the stock market […]
While I bet my blog on my economic predictions for this fall, it looks like I’ll be continuing to write the Great Recession Blog. What I’ve started calling Stock Market Crash 2014 uncloaked this past week in the market news. It suddenly became visible to many for the reasons I’ll list, and yet the biggest bulls still […]
Here we are only a few days into the Ebola scare since President Obama said airport security in handling Ebola would be tightened up, and watch what happens when a fool on this airplane decides to tell everyone that he has Ebola, is from Africa, and, so, they’re “all screwed.” YouTube Video of Ebola scare […]
How much do CEO’s really know about the economy or even their own business? Let’s take a look at their track record via a list of spectacular failed predictions by corporate leaders of our world, past and present. The dazzling dopy delusions of CEOs, past to present #10. The telephone has too many shortcomings to be considered as a […]
CBS reports that the World Bank has just issued a dire warning that the economic impact of Ebola could be enormous. An institution usually known for carefully weighed economic statements says that the economic impact of Ebola could be “catastrophic” even if the epidemic doesn’t spread beyond Africa. By the end of 2015, the economic impact of […]
Two and a half years ago, I said Canada was forming a housing bubble that would burst in spectacular U.S. style. Canadians paid no attention, and so the bubble has grown. Now Canadians are waking up to the bubble in their backyard. In this case, the bubble actually IS their backyard, and some Canadians are finally predicting […]
Six months ago, I started writing that a stock market crash in 2014 would prove to be increasingly likely this fall, even though I had refused to join the chorus of doom and gloomers who made the same claim for 2013. Now several of the world’s biggest investors appear to be placing major bets on a huge stock […]
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