Let’s Get Real – The U.S. is Bankrupt and We Don’t Even Know It!
August 13, 2010 by Editor · Leave a Comment
Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills. What it can and must do is radically simplify its tax, health-care, retirement, and financial systems, each of which is a complete mess. Words: 845
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The U.S. Economy is NOT Getting “Better” – It’s Dying!
August 13, 2010 by Editor · 3 Comments
The numbers don’t lie, and statistic after statistic shows that the economic fundamentals continue to get progressively worse… and anyone who claims that things are getting “better” is either ignorant, completely deluded or is purposely lying. The U.S. economy is not getting “better”. The U.S. economy is dying. Words: 1020
Those With Debts Will Go Broke in Coming Deflationary Depression – Here’s Why
July 7, 2010 by Editor · Leave a Comment
We have had massive monetary creation for decades now which we have finally come to the day of reckoning. We do not know if the top will be next month, next year or even later but we certainly are getting to the top where we cannot buy our way out of the problem through a new stimulus injection… The truth is that a terrible, deflationary depression is probably starting in the coming months. Words: 1581
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Robert Reich: This Economic ‘Recovery’ is Nothing But a Mirage
June 24, 2010 by Editor · Leave a Comment
What happens when the stimulus is over and the Fed begins to tighten again? Where will demand come from to get Main Street back, create jobs, raise middle class wages? Not from big businesses. Certainly not from Wall Street. Not from exports. Not from government. So, where? That question is the big unknown hanging over the U.S. economy. Until there’s an answer, an economic “recovery” for anyone other than big corporations, Wall Street, and the wealthy is a mirage. Words: 1279
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Prechter: Technical Indicators Point Down from Here
May 8, 2010 by Editor · Leave a Comment
In his April 2010 issue of the Elliott Wave Theorist Prechter predicted that these same eight indicators would switch from bullish to bearish by May 7th. Considering the events on May 6th and 7th he is once again sounding prophetic. This is extremely important as the media would have you believe that the events of May 6th were the result of a “fat finger”. Words: 1154
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Richard Russell: Why I’m in Cash and Gold – What About You?
May 4, 2010 by Editor · Leave a Comment
If the market is topping, it’s doing so in the face of rosy news in every area except for employment and there is nothing more ominous than a stock market turning down in the face of a “bright” economy. At such times, nobody is ready or positioned for a sudden reversal. [Are you?] Words: 637
Three Stock Market Warning Signals to Look Out For
May 4, 2010 by Editor · Leave a Comment
The stock market does not turn on a dime… at least historically that’s been the case. There was always a distinctive topping process going on before the bear finally struck. In every case you can look back and detect the same pattern: a marked deterioration of market internals and of interest rate based indicators before any crash. So if history is our guide, we should not expect this time to be different. So, what should we look for? Words: 690
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A Sustainable Recovery Will Necessitate Higher Taxes, Higher Savings, Stronger Dollar, Lower Standard of Living
April 25, 2010 by Editor · Leave a Comment
The final phase will be a time of higher savings and flight back to the U.S. dollar, i.e. more aversion to risk. It’s also a period that begins the healing of economies and it’s driven by austerity. This means higher taxes, higher savings, a stronger dollar and a lower standard of living. In short, it’s a period of rebalancing and rebuilding. Words: 555
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Prepare and Prosper From These Greatest of Crises
April 12, 2010 by Editor · Leave a Comment
Neither the White House nor the CBO have adequately considered the real impact of the very deficits they themselves are projecting. While they admit the deficits will be off the charts they fail to connect the dots from that admission to its obvious natural consequences — no fewer than FIVE ominous, vicious cycles … Words: 1017
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Claptrap! Balderdash! Flimflam! This ‘Recovery’ is a Scam
February 26, 2010 by Editor · Leave a Comment
Officially, the crisis is over. Everyone says so. Central bankers and Treasury officials have been congratulating themselves. It’s been a year now since the end of the world didn’t happen. These fellows take credit for it. Claptrap! Balderdash! Flimflam! Words: 669
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