If you cite inflation statistics these days you inevitably run into the same counterpoints from those who have long been predicting hyperinflation in the USA. And despite the fact that …

By now, we all know that QE2 wasn’t all that effective in helping the economy.   And after extraordinary measures, ZIRP, bank bailouts, endless loans, etc, some are saying that …

Let’s leverage our greatest resources and understanding of the monetary system in an effort to unleash a whirlwind of innovation of the likes that mankind has never witnessed before.

Yesterday’s stock surge off the lows was attributed to comments by several Fed officials who said they are now in favor of the Fed implementing QE3 if the economy continues …

In a recent story I pointed out that Richard Koo said it was not significant that the USA has been faster to respond to the current balance sheet recession.  Now, …

Looking back at the long history of the U.S. stock market it is clear that there are long periods when the trend is distinctly up or down. We call these long trend “secular” markets as opposed to the commonly-known cyclical market trends that last about four years on average. In our view we are currently in a secular bear market that began when the market peaked over 11 years ago in early 2000.

This may very well be the most important data point that we are currently receiving every quarter.  Yesterday’s Z1 released by the Federal Reserve showed a continuing decline in household …

This past week, as I watched our recent predictions about economic weakness and a market correction
unfold in front of me, I ran across the James Altucher article entitled “Next Stop: Dow 20,000 –10 reasons why the market will soar.” I am always intrigued by the never ending optimism that abounds in most market journalists but James Altucher is no slouch so it really got my attention.

“There’s nothing more risky than a widespread belief that there’s no risk.”
Howard Marks, Oaktree

Joseph Schumpeter is famous for coining the phrase “creative destruction”.  He described it as a  “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying …