Consistent declines in earnings have preceded a major market crash in both of the last two Government driven economic collapses. As you can see, recent earnings reports continue to show the same pattern of decline and the market is attempting… Read More ›
economy
What Caused Our Economic Collapse in a Nutshell
Update March 13, 2013 – if you like this post, I also recommend reading my post, How to Destroy America in Ten Easy Steps. The fact is, the entire housing bubble and the economic collapse were caused entirely by our… Read More ›
An Economic Recovery Driven By Foreclosures? Interesting idea…
In roaming through my research sites, a fascinating possibility was offered up to account for the “green shoots” and “economic recovery” that we have heard so much about lately. The theory starts with the millions of foreclosures in the United… Read More ›
Uncertainty, The Storm That Never Ends
Nothing makes a recession last longer than market uncertainty. Contrary to what the government would have you believe, the “market” is fairly predictable. There are thousands of leading and lagging indicators that move in certain directions of varying amounts and can… Read More ›
The Job’s Bill-Government Magic Tricks
I remember learning how magicians use sleight-of-hand to keep the audience focused on one hand, while they use their other hand to perform the trick. This intentional distraction works well in magic and works wonders in politics. The recent Jobs… Read More ›
Government Calligraphers Protected From Recession
Some of the best comedies are based on characters who have become completely detached from reality. The more detached they are, the funnier it is. Farmers that have never been to the city and don’t know how to use a flush toilet, or a city… Read More ›
State of the Union – My Thoughts
The following are my personal thoughts on President Obama’s State of the Union speech last night. The bulleted lines are from his speech, everything in italics or [brackets] or bolded is mine. The speech was long, so the post is… Read More ›
Banks Get to Pay for Government Expansion
The healthcare reform bill may be dead but there is still a need to understand why government expansionism is bad for business and for taxpayers. The elephant in the room on the healthcare plan was how the heck was the government going to pay… Read More ›
Uncertainty, The Storm That Never Ends
Nothing makes a recession last longer than market uncertainty. Contrary to what the government would have you believe, the “market” is fairly predictable. There are thousands of leading and lagging indicators that move in certain directions of varying amounts and can… Read More ›
Triple Whammy: Foreclosures Rise, Retail Sales Fall, Unemployment Claims Rise
CNBC reports, “Foreclosures jumped 14 percent in December 2009 from the previous month, according to a new report from foreclosure listing Web site RealtyTrac.com. The increase came despite foreclosure suspensions during the holiday season from Citigroup, Bank of America and Fannie… Read More ›
Negative Savings Rate Reaches Great Depression Level
“Government deficits have caused the U.S. savings rate to turn negative for the first time since the Great Depression…” ~Bloomberg This is a good example of why government stimulus sounds good on paper, but does little to help the economy…… Read More ›
The Crystal Ball Economonitor
There is a new site on my ‘Related Sites’ list along the right hand margin called, the Crystal Ball Economonitor and they are currently running a free trial offer. What is the Crystal Ball Economonitor? Click on image to enlarge. I checked… Read More ›
Spin vs. Fact and GDP Contracts Net -.2%
The Spin (consumer spending increased!) “Though cautious, consumers are holding up despite high personal debt, a tight job market and hard-to-get credit. A government report out Wednesday is expected to show consumer spending rose 0.5 percent in October, compared with… Read More ›
Feds Admit Their Stimulus Numbers Are All Wrong – And People Want Them To Run Healthcare?
“It may be a fact that that’s what’s on my Web site, but that may not be the correct number,” Earl Devaney, a White House official, testified this week. When pressed as to why there was so much inaccurate and… Read More ›
California – Now $21 Billion Dollars in the Hole
Keeping in theme with yesterday’s post, this is just a short and quick update on what is being reported today about our California budget. The legislators in California who have consistently based future budget revenue projections on “best case” scenarios… Read More ›
Home Starts Drop 10.6% and Shock the Unconscious
In a recent L.A. Times article, “SHOCK” at the drop in home starts leads the story. Yawn. Bores me. I am not sure why anyone is shocked, and anyone shocked by a drop in home starts isn’t paying attention. I… Read More ›