Tuesday, September 29, 2015
Municipal Bankruptcies and more on the way
6:39 am edt
Even to the casual observer, the financial condition of government budgets are under severe stress.
Taxes have gone up consistently and have outpaced any meager adjustments in income for most taxpayers. No one can reasonably
expect that municipal financing is assured by simply raising assessments and rates to keep their bloated bureaucracies solvent.
Since the middle class has never recovered from the money centered meltdown, the average community struggles with diminished
Tuesday, September 1, 2015
Labor Day when there is no work
5:54 am edt
Tuesday, August 18, 2015
Who Wins in a Currency Devaluation War?
6:57 am edt
The paradox in the question of who wins in a currency war presupposes that any participating combatant
can actually claim victory. If winning means ending up with the most cash, when the value of the money as a store of tangible
wealth is debased, it is doubtful anyone can be declared the victor. The absurdity of lowering the purchasing power
of a countries currency to enable exports to be more competitive is economic sacrilege that the heretical “Free Trade”
mythos is based upon. Without a reliable standard of objective comparison, floating currencies maneuver their exchange rates
to disguise internal imbalances in their own political and economic expenditures.
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.
Tuesday, May 26, 2015
Economic Growth Is Impossible
7:30 am edt
The quandary of the economic dilemma continues. A globe suffering from a deflationary financial impact,
while consumer prices rise well above the reported cost of living increases, does not bode well that prospects of commercial
growth can rescue the world economy. What changes can overcome this predicament? Well, some academic scholar’s offers
serious concern that a long term rebound towards prosperity is no longer possible.
Tuesday, May 5, 2015
Government's share of minimum wage increase
10:26 pm edt
The working poor suffer disproportionately from the offshoring of high paying jobs. The upsurge an hour
in the minimum wage economy is the net result of a consorted effort to lower the standard of living of not just the struggling
impoverished but for all scrambling households. When the communist manifesto advocated a progressive income tax, the proletariat
was supposed to get a sliver of social justice. Just how well did that hogwash turn out?
Tuesday, April 21, 2015
Where is Global Economic Growth?
7:40 am edt
Remember the stagflation years? Maybe the current world economic environment is just in an enduring
lethargy awaiting the bottom to fall out. Seldom has flat performance lingered as long as it has. Meaningful expansion, under
a zero interest rate strategy has failed. Even much lower oil prices have not jump- started the engine of growth. Prospects
for an upturn and a return to producing constructive activity still seem to be years away. Or is this a permanent outlook
that baffles business executives and frustrates creative entrepreneurs. For the rest of us, waiting and hoping for a viable
economy has become wishful thinking at best.
Tuesday, March 17, 2015
Fear of IRS Tax Audits Diminish
1:26 am edt
The announcement that Federal government’s tax-take hits all-time high
as the federal government collected a record amount of taxes in fiscal year 2014, topping $3 trillion in revenue for the
first time in its history, has the tax man taking a bigger bite than ever. Yet, the take that the collection bureau seems
un-phased from all their scandals to put the taxpayer through their third degree audits are easing up. Why? The answer may
surprise when the ledger is tallied up.
Tuesday, February 24, 2015
Economics of NYS Southern Tier Secession
7:42 am est
Tuesday, February 10, 2015
Business of Global Warming Fraud
5:49 pm est
The Global Warming establishment is NOT a business. All the tentacles that suck up public money to finance
crony collectivism are based upon government subsidies and artificially higher consumer prices. The absurd lunacy that economic
growth and productive jobs can be created with the underlying premise of the “so called” industrial model is based
upon lies, deceit and cooked data; clearly demonstrates the disingenuous nature of the zealots that benefit from the fraud.
Tuesday, January 20, 2015
The Swiss will not have more EU QE
6:46 am est
In the ridiculous charade that passes for the foreign exchange currency markets, the ease upon which
a 39% spike in the Swiss Franc to the EU has most financial journalist puzzled. A flagship of establishment journalism like
the Washington Post provides a quaint explanation in Why Switzerland’s currency is going historically crazy
. The Swiss intend to keep their exchange rate at 1.2 Swiss francs per euro caused unsustainable negative competiveness in
Swiss exports to EU customers. How many times have you heard that same old song? Corporatist media consistently spins a yarn
that suppressing one’s own currency is good for business.
Tuesday, December 30, 2014
Russia's SWIFT Settlement Alternative
11:43 am est
Tuesday, December 16, 2014
Euro Crisis Deepens
8:28 am est
The alarm warnings are going off in Europe. International markets under pressure, global tensions rising
and the financial system stressed to the point of breaking. Europe is ready for a relapse. It may be a very cold winter without
Russian gas. Yet the technocrats in Brussels just go on their merry way in dictating the future to the vastly different societies
and economies that make up the EU block. The Guardian expands this theme in the article, The eurozone crisis - history is
repeating itself … again.
Tuesday, November 25, 2014
Chinese and Japanese Deflationary Economies
5:38 am est
The global economy has just hit the wall. Do not underestimate the significance of the Asian downturn. Japan saw a dramatic
rebirth after WWII and China was transformed into an industrial powerhouse from the “Free Trade” debacle. Now
that the Central Bankers of the world are turning to Japan and China to keep the financial bubble from blowing, the focus
pivots to the East. Pushing on a string is no easy task. Nervously, all eyes have to wonder if more debt will prevent the
Read the entire article
Tuesday, October 28, 2014
David A. Stockman - The Great Deformation
6:26 pm edt
One sage of economics is mostly ignored because he dares to reject the Keynesian economics doctrine
that is so essential to maintain the debt slavery milieu. The last hundred years fostered the dominion of the banksters. The
economic future is bleak for humanity as long as the fraudulent monetary system of fiat money is allowed to continue. But
before this conclusion can become a commonly accepted cultural axiom, the historic context needs to be understood by present
Tuesday, October 14, 2014
Are International Stocks Safer than U.S. Equities?
2:55 pm edt
Those fall season concerns in market volatility are once again upon us. After so many years of a zero
interest rate environment, nervous tension is breaking out. Review the record. For a comparison of International Stock Indexes
, Market Data Center statistics from the WSJ is useful. Now evaluate Doug Ramsey’s, chief investment officer at the
Leuthold Group, argument in Comparing Valuations: U.S. vs. International Stocks
Tuesday, September 30, 2014
How stable is the Bond Market?
4:36 pm edt
Seldom does the enormous bond market turn on the fate of a single trader. Well, the news that Bill Gross
was leaving Pimco under suspicious circumstances did not go unnoticed. The WSJ writes:
Tuesday, September 9, 2014
Economic Reality of a Wealth Tax
7:37 pm edt
Proponents of big government, from both the left and right, share one important trait; namely, both spend their waking
hours dreaming up new schemes to tax wealth. Only a blind, deaf and dumb observer of economic imbalance would deny that the
massive accumulation of worldly assets into the hands of the smallest number of robber barons in all of history is at the
core of most social unrest and global instability. However, adopting a Marxist outlook on the evils of the bourgeoisie simply
confuses the nature of the financial magnates, while blaming the hard pressed merchant class for conducting beneficial business.
Creation of tangible wealth is the greatest achievement in the uplifting and improvement of the human condition, when that
stream of riches flows between and among entrepreneurs and business proprietors.
Read the entire article
Tuesday, August 19, 2014
Is the Dollar and Equities Ready to Crash?
6:24 am edt
As the yearly end of summer doldrums engulf the Hamptons, the uber-wealthy position themselves
for a rocky coming storm when the robust fall trading season begins. Some of the most memorable major equity collapses happen
during this time of year. Logic, fundamentals and sound business analysis has very little to do in forecasting when the actual
plug will be pulled on the rocket ride in stocks. In a rigid game, the house always knows when and at what time the fleecing
of the mark happens. Such timing projections do not apply to the decline in the purchasing power of the dollar. More appropriately, Federal Reserve Notes
are only compulsory money because of the legal tender laws. Yet, financial instruments are gauged in terms of their
worth by the dollar redemption value they produce.