Tuesday, July 21, 2015
Who benefits from the lifting of Iranian sanctions?
2:14 pm edt
With the approval vote in the United Nation Security Council of the P5 + 1 Iranian agreement, a smorgasbord
of eager trading partners claw themselves out of the woodwork. The liquid black gold rush is on. With the rescinding of sanctions
put into motion, over time the wheels of commerce will be put back on track. No matter what the U.S. Congress does, the flood
from international trade will start making deals with Iran.
Tuesday, July 7, 2015
Replace the Business Cycle with Permanent Poverty
7:56 am edt
The lethargic performance of the U.S. economy going back decades and plunging into an embedded depression,
since the financial meltdown of 2007, has caused permanent damage. The business community and the financial press have yet
to acknowledge that prospects are not going to improve. It does not take a commercial genius or an academic professor to look
around at the shrinking middle class and conclude that the lessons of the preverbal business cycle no longer apply. In order
for any economy to prosper, the fruits of commerce must improve the financial conditions of the producing contributors.