I sure am glad there’s no inflation, because these “stable prices” the Federal Reserve keeps jaw-jacking about are putting us in a world of hurt. We are constantly bombarded with two messages about inflation: 1. Inflation is near-zero. 2. This worries the Federal Reserve terribly, because stable prices are deflationaryand deflation is (for reasons that are…

I have been pretty sure that the Federal Reserve could not and would not raise interest rates as long as it had an enormous balance sheet. I may have to change my mind soon. Central banks across the Pacific Ocean now expect the Fed to make good on its declared intent to raise the target rate. They…

Yesterday afternoon’s meltup short-squeeze in China – after regulators announced their latest restrictions on short-selling – has stalled in the early trading tonight following the IMF’s decision to delay inclusion of Yuan in the SDR pending a review in September 2016. Though this will be a disappointment to the Chinese, the door is still open though…

Will there be a financial collapse in the United States before the end of 2015? An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis. Of course that doesn’t mean that it will happen. Experts have been wrong before. But without a doubt,…

While the Wall Street, press release repeating, mainstream media “journalist” apparatchiks were ballyhooing the strong auto and light truck sales in July, what they didn’t tell you is this. Sales are down 25% from the 2005 peak on the basis of sales per capita. Cars and light trucks sold at an annualized rate of 56…