Looks good for now, but how much longer will stocks keep going up?
Source: Top Three Reasons Why This Rally Won’t Last
Archive for the ‘Economy’ Category
Bernanke is one crazy dude…
12
Jul
…according to David Stockman
“Ben Bernanke is one of the most dangerous men walking the planet. In this age of central bank domination of economic life he is surely the pied piper of monetary ruin. At least since 2002 he has be…”
Source: Bernanke’s Black Helicopters Of Money
Go south and west
11
Jul
“Figuring out where to retire after decades of working can be a tough choice. Bankrate has its top picks and recommendations of places to avoid.”
Source: Best and worst cities for retirement according to Bankrate.com
Here comes inflation
11
Jul
Easy money is doing its thing…higher prices are here and may go higher.
“Inflation is creeping higher and will soon force the Federal Reserve to re-examine the wisdom of keeping short-term interest rates low, says economist Paul Ashworth, the winner of the Forecaster of the Month contest for June.”
Source: Inflationary pressures are already building, top forecaster says
Private security…responding to consumer demand
11
Jul
How a free, decentralized society would keep people and neighborhoods safe.
“Abolition of the public sector means, of course, that all pieces of land, all land areas, including streets and roads, would be owned privately, by individuals, corporations, cooperatives, or any other voluntary groupings of individuals and capital.”
Source: Privatize the Police | Mises Wire
Central bankers never learn
11
Jul
“The reason why anyone would buy negative-yielding debt is actually pretty simple: Because they have to.”
Source: Negative rates leading to ‘day of reckoning’ fear on Wall Street
The key to a peaceful world
11
Jul
“National and individual choice in a post-Brexit world: secession is a human right.”
Source: All People Have the Right of Self Determination | Foundation for Economic Education
Money, Money, Money
11
Jul
The money printers are on overdrive.
“When we first heard this past Thursday that private blogger and Citadel employee Ben Bernanke was going to “secretly” meet with both the BOJ’s Haruhiko Kuroda and Japan PM Abe, we warned readers that “something big was coming.” Two trading days later, with the USDJPY higher by 200 pips and soaring after something big indeed came overnight from Japan: nothing less than the first “lite” instance of helicopter money.”
An economic and history lesson
10
Jul
Why a depression is the cure that ails America. Being prepared will help you ride out the inevitable.
“Artificial measures to stave off a downturn will only make it much worse.”
Source: America Needs a Good, Old-Fashioned Economic Depression
Americans are skating on a thin financial ice
10
Jul
For many Americans who have not done so building an emergency fund is one of the most prudent things you can do now to whether the next economic downturn.
“A quarter of Americans have no savings, a new Bankrate survey finds. Find out how much emergency savings can help in a crisis.”
Source: Why These 2 People Are So Glad They Had Emergency Savings | Bankrate.com
The economy is barely hanging on
09
Jul
David Stockman shows the economy is not as robust as the data suggest.
“The boys and girls on Wall Street are now riding their bikes with no hands and eyes wide shut. That’s the only way to explain Friday’s lunatic buying spree in response to another jobs report that proves exactly nothing about an allegedly resurgent economy.”
Source: Real Jobs Report: Tax Collections Data Suggest US Economy Barely Above Water
The financial hole of state and local governments
09
Jul
And people still have faith in government–and Republicans and Democrats??? This is just the tip of the iceberg. The federal government’s unfunded liability is more than $200 trillion.
“If the Actuarial Standards Board enacts recommendations from its Pension Task Force, actuarial valuations for state and local government pensions will report unfunded liabilities of over $5 trillion a…”
Source: Are State and Local Government Pensions Underfunded by $5 Trillion? – AEI
Hillary is continuing the great tradition of presidential candidates…
09
Jul
Presidential candidates and presidents always lie. For the past 100+ years, from Wilson to FDR to Truman and up to Obama, they have lied repeatedly about taxes, spending, regulations, and war. (More to come in future posts)
“Does Hillary Clinton possess the integrity and honesty to be president of the United States? Or are those quaint and irrelevant considerations in electing a head of state in 21st-century America?”
Source: Is Hillary Morally Fit to Be President?