Every week, we reach new heights of weirdness. The worldwide total of debt trading at negative interest rates rose to $17 trillion. Nearly 15% of S&P 500 companies no longer earn enough money to even…
The stock market famously ‘looks ahead’; is it looking ahead to a weaker, poorer America? After January 2000, stocks (our most important capital assets) began to fall. Measured by gold, the Dow is worth less…
Is our crash alert flag still flying? We hope so. It’s been up the pole for so long, waiting patiently for the stock market to crash, we’d hate to miss it when it finally happens…
The US, the world’s biggest spendthrift, spends money it doesn’t earn. And China, the world’s biggest chump, builds huge factories, highways, cities, ports — all to sell real products to a customer who pays with…
So far, the 21st Century has been a bust. America’s share of world output has declined to 24%. And all the promises for the glorious new century turned out to be lies. America has been…
1999 was also the tail end of the longest economic expansion on record and the greatest stock market boom ever. Did it also mark Peak America, the beginning of the end of America’s great triumph?
Why has the rate of GDP growth gone down? American capitalism should be at its zenith. Donald J Trump says the economy is working better than ever. But real growth rates, averaged over the trailing…
The feds can fool some of the people some of the time, and they can fool stock market investors almost all the time. But they can’t fool gold. Gold is real money. Over time, it…
Stocks rose 311 points on the Dow yesterday. This is typical bear market action; sell-offs are followed by about a 50% bounce. If it really is a bear market, the buyers will regret it. They…
The feds — including the administration of Donald J Trump — have been undermining capitalism for years. Let us count the ways…