Category Archives: Business & Economy
Government Debt Driving Chicago the Way of Detroit
Can the economic health of the nation’s largest cities tell us anything about the health of the greater economy? Perhaps. Other Business & EconomyFood Safety Courses On June 6, June 13 In WacoMay 23, 2022Registration Opens For Texas A&M Beef Cattle Short CourseMay 23, 2022Texas A&M Board Takes Next Step Toward Fort Worth ExpansionMay 19, 2022New AgriLife Extension Programs To […]
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Monetary Policy Will Bring Stock Disaster; 30-40% Correction Ahead [Video]
Renowned investor Bill Gross warns in his latest investment outlook that the stock market’s bull supercycle is coming to an end. Gross believes that the “new normal” of zero-percent interest rates and growing government debt will push asset markets into a new era of very low or negative growth. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreDo We Want High Prices or Low Prices?
In an almost daily debate over economic and monetary policy politicians complain if prices — such as home prices — do not rise, and some complain if they think other prices — such as health care prices — are going up too much. This situation begs the question: do we want rising prices or falling prices? Share This ArticleFacebookTwitterPinterestLinkedinemail
Read morePoverty, Child Rearing, and Government Incentives
When examining cyclical poverty, it is important to study the typical tendencies of people that have generational success. Some like to equate financial success to a level of work ethic, and assume the harder you work, the more you will make. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreThe Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives
The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreBen Bernanke’s Latest Defense of the Fed’s Failures
Fed officials have been busy lately spreading the view that incessantly low interest rates are symptomatic of a still-dim economic reality rather than a result of their own monetary experimentation. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreAre “Private” Universities Really Private?
Jeffrey Selingo raises an important point about the distinction between “public” and “private” universities, but I disagree with his analysis and recommendation. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreA Portrait of the Classical Gold Standard
“The world that disappeared in 1914 appeared, in retrospect, something like our picture of Paradise,” wrote the economist Cecil Hirsch in his June 1934 review of R.W. Hawtrey’s classic, The Art of Central Banking (1933). Hirsch bemoaned the loss of the far-sighted restraint that had once prevailed among the “bankers’ banks” of the West, concluding that modern times “had failed […]
Read moreWhy Is the Fed Punishing My Parents?
In September 1993, President Bill Clinton reassured his radio audience that “if you work hard and play by the rules, you’ll be rewarded with a good life for yourself and a better chance for your children.” Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreWhy We Need Deflation and Higher Interest Rates
The Fed is seemingly slightly out of step with other central bankers as it recently hinted at possible future rate hikes in the official announcement following its March 20, 2015 meeting. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreA Patient Fed Considers Losing Patience
I have always argued that quantitative easing and zero percent interest rates were misguided policies to combat economic weakness. But as the years went on, misguided turned into irresponsible, which led to ridiculous, and then turned into dangerous. But lately, the only word that comes to mind is “surreal.” How should we react when central bankers begin to speak like Willie Wonka? Share This […]
Read moreThe European Central Bank Is Saving the Dollar
There are many risks to the dollar out there, but a more valuable euro isn’t one of them. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreWhy It Matters If the Dollar Is the Reserve Currency [VIDEO]
We refer to the dollar as a “reserve currency” when referring to its use by other countries when settling their international trade accounts. For example, if Canada buys goods from China, China may prefer to be paid in US dollars rather than Canadian dollars. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreDid Yellen Just (subtly) Threaten To Blow Up The Economy With Inflation?
Let’s hope this isn’t what she is saying when she says that scrutiny of the Fed (ha!) in the 1970s was the reason for stagflation. I mean they must be REALLY scared of an audit to float that line. I’m actually surprised. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreU.S. Government Debt Is Now at a Once-Unimaginable Level
Earlier today I was looking through some old records, and I came across a flyer for a symposium in which I participated at Seattle University early in 1990. The flyer announced the symposium topic by asking: “A $3 Trillion National Debt: Does It Matter? What Can We Do About It?” Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreUnnoticed Event Provides Visual and Metaphorical Symbols Defining Current State of Global Economy
Last week a scene unfolded in Athens, largely unnoticed by American eyes, that provided all the visual and metaphorical symbols needed to define the current state of the global economy. Hollywood’s best screenwriters couldn’t have laid it out any better. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreGallup CEO Backpedals: Government Jobs Data Is “Very, Very Accurate” [VIDEO]
Gallup CEO Jim Clifton caused big waves across the media on Tuesday when he published an article calling the official government unemployment number of 5.6% a “big lie.” Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreTsunamis Most Often Come Without Warning
On Thursday, January 15th, the Swiss National Bank (SNB) discontinued its three year effort to maintain its minimum currency floor of the Swiss franc. In a single day the move sent the Swiss Franc (SWF) climbing a massive 21% against the U.S. dollar and 41% against the euro. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreSwitzerland Wins As Its Central Bank Surrenders
If anyone had any doubt how severely the global economy has been distorted by the actions of central bankers, the “surprise” announcement last week by the Swiss National Bank (SNB) to no longer peg the Swiss franc to the euro should provide a moment of crystal clarity. Share This ArticleFacebookTwitterPinterestLinkedinemail
Read moreFracking — A New Bubble for a New Year
Another year is under way, and we are in the midst of yet another central bank-induced credit bubble. This time, the culprit is shaping up to be the oil and gas industry. Share This ArticleFacebookTwitterPinterestLinkedinemail
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