By David Haggith, The Great Recession Blog Compare the Great Depression to the Great Recession, and you’ll see a similar pattern in how the Dow Jones Industrial Average graphs out. That pattern appears to be repeating now. The nation’s most notorious stock market crash in 1929 did not occur as a single fall off a cliff, but started … Continue reading
By David Stockman Simple Janet should have the decency to resign. The Fed’s craven decision last week to punt on interest rate normalization is not merely a reminder that she is clueless and gutless; we already knew that much. Given the overwhelming facts on the ground — 4.9% unemployment, 2.3% core CPI, and a 23.7X PE multiple on the S&P 500 — her … Continue reading
By Justin Spittler, Casey Research Could the government start handing out free cash? It sounds crazy. But believe it or not, it’s a real possibility. In fact, an Ivy league economist just predicted it will happen within five years… The Federal Reserve has used crazy monetary policies to “stimulate” the economy since the 2008 financial crisis. These … Continue reading
By Phoenix Capital Research For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a problem … Continue reading
By Phoenix Capital Research The rally of the last month has many scratching their heads. That is, until you realize: Most of it was driven by “short-covering.” The primary buyers of stocks today are corporations buying back their stock to juice EPS, not actual investors. Actual investors have been selling the farm. Central Banking manipulation only … Continue reading
By Simon Black, Sovereign Man If you haven’t seen the 2015 Best Picture nominee, The Big Short, I strongly recommend it. The Big Short is based on Michael Lewis’ book which examines how such an extraordinary financial crisis gripped the world in 2008, and the handful of people who saw it coming. The movie opens asking a … Continue reading
By Michael Snyder Exports fell precipitously during the last two recessions, and now it is happening again. So how in the world can anyone make the claim that the U.S. economy is in good shape? On my website I have been repeatedly pointing out the parallels between the last two major economic downturns and the … Continue reading
By Justin Spittler, Casey Research The bull market is on its last leg… As readers know, U.S. stocks began a historic rally seven years ago. From March 2009 through December 2014, the S&P 500 soared 204%. This bull market is still “technically” alive. The popular definition says a bull market ends when an index falls 20%. Since … Continue reading
Are you ready to pay to save? Agora founder Bill Bonner explains why “negative interest rates” are spreading around the world…and could soon come to the U.S. Bill founded Agora Inc. in 1978. Since then, it has grown into one of the largest independent newsletter publishing companies in the world. He also co-wrote two New … Continue reading
By Justin Spittler, Casey Research A key stock market indicator is flashing danger… U.S. stocks had a horrible start to the year. The S&P 500 fell 11% in the first six weeks, one of its worst starts on record. However, stocks have come roaring back recently. The S&P 500 is up 7% in the last month, and … Continue reading