Basing a “virtuous cycle” on lies and propaganda is self-defeating.
Does believing in the “recovery” make it real? The propaganda policies of the Federal Reserve and the Federal government are based on the hope that you’ll answer “yes.” The en…
Peak Oil and Peak Credit do not exist in a vacuum; they’re why we have Peak GDP, Peak Dow and Peak Income.
You don’t get Peak Oil and cheap abundance in everything else: you get Peak X, Y and Z, for example Peak Oil, Peak Dow and Peak GDP. Peaks …
What if housing valuations are in a structural, multi-decade decline?
A strong case can be made that the fundamental supports of the housing market– demographics, employment, creditworthiness and income–will not recover for a generation. I…
By Marshall AuerbackHere’s the draft of the supposed agreement to “sort out” the Greek debt problem once and for all. According to Bloomberg, here are the essentials: Greece’s 2012 GDP will shrink by as much as 5%.Greece is expected to return to growt…
While economists and the mainstream media tried hard to get everyone excited by today’s “better-than-expected” employment report (which included an unusually large and likely-to-be-reversed spike in hiring in the “Couriers & Messengers” category), t…
Eric Richardson and Tyson Lloyd’s headlamps shine on the side of the canyon in Logan, Utah. After securing their Vietnam War-era tent, lacing up their hiking boots and loading their backpacks, the two make their way to the car below. They must arriv…
Eric Richardson and Tyson Lloyd’s headlamps shine on the side of the canyon in Logan, Utah. After securing their Vietnam War-era tent, lacing up their hiking boots and loading their backpacks, the two make their way to the car below. They must arriv…
Student loans will keep a lid on how high housing prices will recover once the economy does settle down.
It is amazing to think that currently $1 trillion in student loans still need to be paid and the amount of student debt is only growing. Th…
As state budgets strain under huge debt loads, they are counting increasingly on “sin taxes”, one of the few reliable sources of revenue in these uncertain economic times. States have profited from the public’s voracious appetite for easy mo…
The latest from the Comstock Boys…
The party is over. The major factors facing the economy and the market that we have been discussing in past comments (please see archives) are coming to a head as the reality of a post-credit crisis economy bec…
