Archive for January 2020
Coronavirus And The “Unsinkable” Titanic Analogy
Unthinkable doesn’t mean unsinkable. As we all know, the “unsinkable” Titanic suffered a glancing collision with an iceberg on the night of April 14, 1912. A half-hour after the iceberg had opened six of the ship’s 16 watertight compartments, it was not at all apparent that the mighty vessel had been fatally wounded, as there was…
Fed Policy And The Wuhan Coronavirus
When all you have is a hammer, everything looks like a nail. Abe Maslow, the same fellow who developed the “hierarchy of needs” paradigm in human psychology, popularized that phrase to warn scientific researchers about the perils of using tools inappropriate to the task at hand. It is an especially relevant observation when it comes to…
Capitalism In America: How A Dismal Decimal Is Robbing Americans Blind
There is no hiding anymore, the United States has become an oligarch owned banana republic with nukes, and with a monopoly currency which has allowed it to rig the markets for half a century. But now we are only a couple of hours from curtain – Midnight in America. With the stock market at all-time highs, virtually…
STAGGERING GLOBAL DEBT OF $253 TRILLION IS A DISASTER WAITING TO HAPPEN
Global debt has reached a staggering $253 trillion. This is a disaster waiting to happen, as the world’s total debt surged by some $9 trillion in the first three quarters of 2019, according to data from the Institute of International Finance. That’s a terrifying 322% of its GDP; and a record high. As Axios points out, in times…
12 Signs That The Economy Is Seriously Slowing Down As 2020 Begins
Lost in all of the headlines about Iran and impeachment is the fact that the U.S. economic slowdown which began during the latter stages of last year appears to be accelerating. The final numbers which will tell us if we are officially in a recession at this moment won’t be released until months from now, but…
Nine States Headed For Recession In Six-Months, Most Since Financial Crisis
President Trump’s core campaign promise was to “Make America Great Again,” through a revival of the manufacturing complex via launching a trade war against China and debt-fueled tax cuts for corporations. Most of the recovery, well, it was a sugar high, that by the time late 2018 rolled around, economic growth rates started to reverse. Manufacturing…
Oil Prices Jump as the US, Iran Trade Blows
Experts believe that the market will self-correct as it did on multiple occasions in 2019 despite Mideast tensions US President Donald Trump’s decision to assassinate Quds Force commander Qasem Soleimani has sent shockwaves not only throughout the Middle East but also across global markets.The price of international benchmark Brent crude topped $70 per barrel on Monday, a…
Bernanke Hints At Negative Rates, “Purchases Of Private Securities” To Fight Next Recession
…We can’t rule out the possibility that, at some point in the next few years, our economy will slow, perhaps significantly. How would the Federal Reserve respond? What tools remain in the monetary toolbox? By Ben Bernanke First steps for easing policy …Given where we are today, how would the Fed respond to a hypothetical economic…
What Upstanding Citizens Believe Vs. What Crazy Conspiracy Theorists Believe
Authored by Caitlin Johnstone via Medium.com, Source Crazy, stupid conspiracy theorists believe a mature worldview requires skepticism toward power. Smart upstanding citizens believe the government is your friend, and the media are its helpers. Crazy, stupid conspiracy theorists believe that powerful people sometimes make immoral plans in secret. Smart upstanding citizens believe the TV always tells the…