Could be worse than the stock market and housing bubbles.
“Sometimes an apt juxtaposition is worth a thousand words, and one from this morning’s news is surely that. Last year Japan lost another 272,000 of its population as it marches resolutely…”
Source: Bubbles In Bond Land——It’s A Mania! | David Stockman’s Contra Corner
When will the top occur? The $64,000 question.
Source: Chart Of The Day: Stock Averages Up 3X More Than Nominal GDP Since 2007 Peak
Price inflation is accelerating. Easy money–quantitative easing–is having its effects on prices.
“The Labor Department said Thursday its producer price index for final demand rose 0.5 percent in June, versus analysts’ expectations of 0.3 percent.”
Source: US Producer Price Index up 0.5% in June vs. 0.3% increase expected
Precious metals prices will soar.
“We’re always assessing tools that we could use,” Mester told the ABC’s AM program. “In the US we’ve done quantitative easing and I think that’s proven to be useful. “So it’s my view that [helicopter money] would be sort of the next step if we ever found ourselves in a situation where we wanted to be more accommodative.
Source: Fed’s Mester Says Helicopter Money “The Next Step” In US Monetary Policy
Timing is everything in politics. Ron would get at least 20% of the vote in November if he were the Libertarian Party nominee.
“The last time people were this dissatisfied with presidential candidates, Ross Perot became a third-party success story. This year, however, there are new hurdles for outsiders.”
Source: Americans Really Dislike Trump, Clinton. So Why Aren’t Third Parties Doing Better?
The best ideas money cannot buy.
Source: The EPJ Research Room: An Open Letter to Donald Trump on Economic Policy
…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
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
“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
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
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 “rich” are different than the rest of us. They have the resources for more choices, and to avoid the stupid TSA lines.
“Surf Air, a start-up airline that lets you pay £2,500 ($3,235) per month for unlimited private jet flights, is launching in Europe.”
Source: Private jet start-up that offers unlimited flights for $3,200 a month lands in Europe
David Stockman makes the case it’s 2007, all over again.
“Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing. The latest examples are the crashing bank stocks in Italy and el…”
Source: Here We Go Again——August 2007 Redux