Bubbles are followed by echo-bubbles, and the bursting of the second bubble ends the speculative cycle.If we have learned anything in the past 20 years of massive asset bubbles and equally massive declines when the bubbles finally pop, it’s this: …
This erosion of opportunities to complete life’s stages and core dramas is rarely recognized, much less addressed.
From the point of view of history, a reversion to generational lows is inevitable, and a valuation level around 50% of GDP for stocks is a fair target.
It’s sobering that in a nation of 317 million people (of which 145 million people file tax returns), only 3% of all those reporting income are self-employed people earning enough to support a middle class life without the additional income earned by a working spouse.
The costs and consequences of Greece exiting the Eurozone may well dwarf the financial losses triggered by Greece’s default.
It’s worthwhile recalling that mainstream economists, the Federal Reserve, government agencies and the mainstream financial media all deny the economy is in recession until it falls off a cliff.Back in March I published unambiguously recessionary chart…
Those who are confident the central banks can print unlimited money may find there are political and financial consequences to such extremes that cannot be foreseen.
The incredible luxury of having a bedroom to yourself is out of reach for all but the very well-paid. Having an apartment to yourself requires serious money.
The current rally has reached extremes: more than three years above the neutral line of MACD and almost 500 points above the 200-week moving average.U.S stocks have been treading water for a while, and this raises a question: is this just another pause…
Despite the PR about how corporate profits benefit widows and orphans, this vast wealth is concentrated in the top 1% and the top 5%.