If you closely read the commercial bank Q2 reports, their loan activity continues to decline which shows that out in the trenches, credit continues to contract.
While Obama is in Michigan touting the wonders of fiscal stimulus and what he terms the "Recovery Summer", the Fed came out with the minutes of their June meeting. In it they say they expect 5 or 6 years until we've achieved a recovery. Here is the data and it doesn't support Obama's assertion.
Why isn't our economy recovering? I ask that question often and have written about it many times. Perhaps a better question is: what needs to happen in order to make our economy grow? I offer some solutions.
Vignettes from my "Lost Weekend" in Las Vegas while I was attending Freedom Fest. Perhaps a bit off topic for ZH, but I think it has a lot to do with our perma-Boom-Bust economy. The stories of The Cabbie and The Gambler. Enjoy.
It's hard to ignore the data that is coming out. There is a definite slowing trend in the economy. It supports my forecasts of a slowdown coming in the second half of this year. Expect the data to be its normal uneven trend, but it is clear that the economy is slowing. Here I show you what I'm seeing.
Why the G20 meets I don't know. They say lofty things, make empty promises, and go home and do what they were going to do anyway. But wait. There seems to be a huge rift between the U.S. and Europe and I'm not talking about the Atlantic ocean. Merkel vs. Obama. Deficit Reduction vs. Spend. What is happening? Is fiscal sanity breaking out in Europe?
My recent article, "Inflation, Deflation, or Hyperinflation?" apparently missed another weapon in the Fed's arsenal for creating quantitative easing. And it's rather ingenious.
Richmond Fed economist Kartik Athreya recently penned a criticism of economics bloggers that has exploded over the blogosphere. Basically he says that professional, PhD-educated economists can be trusted because of their rigorous methodology. Bloggers (most), he says, aren't to be trusted. Econophile's rebuttal.
This is the fourth and final part of my major four part series dealing with what I feel is the primary question investors must now answer: is our future to be inflation or deflation? The answer has vast implications to our investment planning and decisions for the near term, and possibly for our long term. It is a very complex question with a lot of moving parts involving economics and politics. For those of you who have stuck with me for this series, thanks!
This is Part 3 of a major four part series dealing with what I feel is the primary question investors must now answer: is our future to be inflation or deflation? The answer has vast implications to our investment planning and decisions for the near term, and possibly for our long term. It is a very complex question with a lot of moving parts involving economics and politics.
This is Part 2 of a major four part series dealing with what I feel is the primary question investors must now answer: is our future to be inflation or deflation? The answer has vast implications to our investment planning and decisions for the near term, and possibly for our long term. It is a very complex question with a lot of moving parts involving economics and politics.
This is a major four part series dealing with what I feel is the primary question investors must now answer: is our future to be inflation or deflation? The answer has vast implications to our investment planning and decisions for the near term, and possibly for our long term. It is a very complex question with a lot of moving parts involving economics and politics. This is Part 1.
Lenders are just starting to face up to their bad CRE loans and the decline in CRE values doesn't look encouraging for debt that will roll over from now until 2013. Investors are starting to pick at the market, but can they provide a floor?
This is a look at the downside of boom and bust economics. It is Austrian creed that central banks create the boom-bust cycle. Keynesians and Monetarists take a different view, and generally rule out our Fed as being the "cause" of business cycles. This is the story of a fine local bank that got caught up in the boom-bust cycle without understanding it. The bank cratered and took down many good people with it. Keynes said "in the long term we'll all be dead." Some of these folks don't have that luxury. When will we learn?
