In response to the financial crisis, massive debt burdens and slow economic growth since 2008, the world’s central banks have engaged in unprecedented monetary intervention. Short term interest rates have been suppressed by to levels barely above zero and central banks have purchased trillions of dollars of government debt securities to finance governments already staggering […]
Confidence In Central Banks Collapsing – The Next Financial Crisis Could Spin Out Of Control
June 26, 2013 Leave a Comment
Have Your Assets and Net Worth Increased Since 2005?
April 23, 2013 Leave a Comment
Have your assets and net worth increased since 2005? According to the Federal Reserve, if your assets and net worth have not increased, you probable have a balance sheet dominated by housing, are in a lower income group, a member of a minority and have a lower than average educational attainment. As seen in the […]
The Real Unemployment Rate Is At Depression Levels
January 15, 2013 Leave a Comment
Anyone who delves into the details of the monthly unemployment rate issued by the Bureau of Labor Statistics knows the truth about the real level of unemployment in the U.S. The government numbers on unemployment are grossly distorted since they do not include millions of long-term discouraged workers, the under-employed and anyone who has not […]
Chinese Stock Market Collapses 67% Despite Massive Stimulus Programs
December 12, 2012 Leave a Comment
The debate over whether or not government stimulus spending (financed by borrowing) is effective in reviving post crash economies rages on in the U.S. Despite the anemic economic recovery, proponents of deficit spending postulate that things would have been much worse without it. Opponents of massive deficit spending insist that the problems are merely being […]
Why The Yen Could Collapse – Japan On The Knife’s Edge
November 28, 2012 Leave a Comment
By Axel Merk Because of Japan’s massive public debt burden, pundits have called for the demise of the Japanese yen for years. Are the yen’s fortunes finally changing? Our analysis shows that the days of the yen being perceived as a safe haven may soon be over. Let us elaborate. So many foreign exchange (“FX”) […]
Unemployment Levels In The U.S. Have Always Been Volatile
November 2, 2012 Leave a Comment
The worse part of the financial crisis that started in 2008 was the shocking manner in which unemployment levels skyrocketed. In a very short period of time the unemployment level more than doubled from 4.5% to around 10% at the peak. The latest numbers from the Labor Department show hope, as the unemployment rate continues […]
The Entire Eurozone Has Entered The Dark World Of Economic Depression
November 2, 2012 Leave a Comment
Both governments and banks are insolvent across Europe. The only finger in the dike that is preventing a broad economic collapse is the rampant printing of money by the European Central Bank. Unfortunately, printing money has never resulted in economic prosperity, it simply delays the final collapse of insolvent governments. Depression levels of unemployment throughout […]
Are Children Who Move Back In With Their Parents Losers?
October 29, 2012 Leave a Comment
It has been widely reported that an increasingly large number of children are moving back in with their parents, some after completing four expensive years of college. Pew Research conducted a recent study that examines the circumstances associated with the decision by many young people to move back in with their parents. If there’s supposed […]
If You Don’t Have Rich Parents, Forget About Being Successful?
September 8, 2012 Leave a Comment
For many people, America no longer seems like the land of unparalleled opportunities. The mainstream press seems to be full of stories about people losing their jobs, college graduates moving back in with their parents and broken down penniless retirees forced to eat Alpo for supper. The entire world seems to currently be in a […]
It’s Not Your Imagination – Our Living Standards Are Collapsing
September 4, 2012 1 Comment
No one likes earning less this year than last year. If the weekly paycheck is a scoreboard on how well we are doing – then we are all in deep trouble. The Center for American Progress recently published some shocking charts that portray the American middle class besieged by lower income, higher costs for essential […]