“State capitalism is not our goal,” Vladimir Putin said in his first big speech on the economy since his return to the Kremlin, managing to…
The dwindling middle class, squeezed by higher taxes and costs, is losing its political voice.
The middle class is doomed by some very basic dynamics. Economic historian David Hackett Fischer laid out the fundamental dynamic in his book …
Whenever I write about Occupy Wall Street, some readers ask me if the protesters really are half-naked Communists aiming to bring down the American economic system when they’re not doing drugs or having sex in public.
The answer is no. T…
INTERVIEW/ Ulrich Beck: System of organized irresponsibility behind the Fukushima crisis
The Asahi Shimbun interviewed German sociologist Ulrich Beck in search of answers. Beck had already pointed out that we are living in a “risk society” even before…
Ready for some doom and gloom? Check this out…
THE BEAR WILL RETURN IN 2011
It’s almost impossible to find anyone who is long term bearish on the stock market or economy at this time. In the recent Barron’s poll every single analyst expecte…
As you know I have never had any doubt that the Fed directly caused the 2008 market collapse. Back in September 2008 I was calling attention to the fact that what the Fed was doing would cause a market crash.
Now I can also say, unequivocally, th…