October 4, 2022

Household Net Worth Hits All Time High Yet 59% of Seniors Have Zero Retirement Assets

According to the latest data from the Federal Reserve, most Americans should be feeling wealthier as household net worth soared to an all time high of $74.82 trillion.   This is a huge improvement from levels reached during the height of the financial crisis when household net worth plunged by almost 20% or $12 billion as […]

Confidence In Central Banks Collapsing – The Next Financial Crisis Could Spin Out Of Control

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 […]

Bonds Are Crashing – Where Can An Investor Hide?

By Axel Merk Induced by “taper talk,” volatility in the bond market has been surging of late. Is there a bond bubble? Is it bursting? And if so, what are investors to do, as complacency might be financially hazardous. Bond bubble indicator on red alert Our internal best bubble indicator is triggered when an asset, […]

If You’re Feeling Poorer That’s Because You Are – Net Worth Plunges For Average American

In April the Federal Reserve Bank of San Francisco released a report showing that the overall net worth and value of financial assets had completely recovered from the financial collapse of 2008-2009.    Since the low point of the recession in early 2009 the net worth of Americans has increased by a massive $14.7 trillion and […]

Chinese Stock Market Collapses 67% Despite Massive Stimulus Programs

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 […]

Youth Unemployment In Europe Reaches Catastrophic Levels

The downward economic spiral in Europe continues to accelerate with no solutions in sight.  Greece and Spain, two of the most crippled economies in the Eurozone, have now achieved the infamous distinction of 50% plus rates of youth unemployment as shown in the following graph from The Atlantic. Here’s what the graph does tell us: […]

Why The Yen Could Collapse – Japan On The Knife’s Edge

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”) […]

The Greater Fool Theory On Presidents and Voters

The voters have spoken but what have they said? The following view on how the U.S. is viewed by one Czech analyst appeared on Peter Grandich’s website.  Never underestimate the power of the American public to vote with their pocketbooks while ignoring the larger fundamental economic issues which ultimately threaten the wealth of all Americans.  […]

Obama’s Speech On Financial Crisis Will Plunge Us Into Depression

Crippling debt and deficits have lead the global economy to the precipice.  Finances of world governments since the financial crisis have dramatically deteriorated and confidence in paper money has reached a new low.  Equity markets are crashing while gold (the barometer of trust in paper money) soars. As we stare into the abyss, President Obama […]