Archive for February 2023
An Artificial Economy
The March “You May Not Know Report” discusses how the current economy (since the time of the Great Financial Crisis) is artificial- the result of easy money policies by the Federal Reserve and government stimulus. History teaches us that when governments overspend and central banks over print, eventually, reality sets in. One of…
Read MoreDebt Truths
A seldom-discussed topic that has a significant economic impact is private sector debt levels. Ever since 1971, when the US Dollar became a fiat currency, and new currency has been created by loaning it into existence. If banks have a 10% reserve requirement, a $100,000 deposit into a bank can be transformed into…
Read MoreWhat is the Real Story?
For many years I have written about how economic data is often ‘massaged” (or manipulated?) to make the reported numbers look more favorable. This is true of the reported inflation rate, the reported unemployment rate, and the money supply. Now, it seems that there is extreme manipulation as far as the jobs…
Read MoreBubbles and a Stock Forecast
Ever since the time of the Great Financial Crisis, I have written about the topic of bubbles. Whether the bubble is a price bubble in stocks, bonds, real estate or commodities, there are some ‘bubble characteristics’ that often hold true. The first characteristic is that bubbles are often symmetrical, taking as long…
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