Jun 10 2009

The Economic Recovery Decoy: Bank Refuge and Auto and Home Sales Plummet. Two Largest Purchases for Americans still Treading Water. Number of Renters Increases by 748,000 in one Quarter.

When I hear about the banks and Wall Street returning TARP money to the government I can’t help to think of a successful Trojan Horse hitting our economy from within.  The initial rush to back an unprecedented bailout for the sake of the economy actually turned out to be a strategic looting of the American […]

May 19 2009

Alan Greenspan on $100,000 White-collar Comedy Tour: Quantitative Easing and Changing our Economic and Financial Language.

Alan Greenspan continues his White-collar $100,000 speaking fee comedy tour in which he tells the audience that he had nothing to do with the housing bubble.  Those expecting to see a mea culpa concert from the former Fed Chairman are going to be waiting for a very long time.  According to the majestic maestro, a […]

May 11 2009

Following the Failed Japanese Economic Playbook: 10 Charts Comparing the Japanese Lost Decade to the United States.

Even as early as last year, anyone trying to compare the circumstances of the United States with the lost decade in Japan appeared to be out of line with mainstream economist and the media.  Yet if this financial crisis has taught us anything, it is that the experts can be wrong by a wide margin.  […]

Apr 16 2009

Why There will be no other Bubble to Save us from this 40 Year Financial Bubble: From Manufacturing, Technology, and Financial Services. Real Estate Bubble. Drop in Corporate Tax Receipts.

This recession is already the longest since the Great Depression.  Now merely saying that this recession is the longest does not expose the magnitude and depth of the economic damage inflicted on the market.  $11.2 trillion has been wiped off the balance sheet of American households.   In this article I want to examine a few […]

Mar 16 2009

The Long Depression of 1873: Parallels and Comparisons. Are we Missing Economic Information from an Important Piece of American Financial History?

There have been many comparisons to the Great Depression with our current economic crisis.  Massive speculation, rampant problems in the banking system, and exponential jumps in unemployment.  Yet we may have a lot to learn by looking at the former Great Depression known as the Long Depression.  The Long Depression lasted 65 months starting in […]

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