The Economic Cataclysm Ahead

The Economic Cataclysm Ahead

To understand the economic cataclysm ahead, do the math.  Those expecting the Covid-19 pandemic to leave the U.S. economy untouched are implicitly making these preposterously unlikely claims: 1. China will resume full pre-pandemic production and shipping within the...
How Fractional Reserve Lending Makes Money Disappear

How Fractional Reserve Lending Makes Money Disappear

According to the popular way of thinking, it is held that banks are responsible for the expansion of lending also known as credit, and given that economic prosperity is associated with an increase in credit, they are seen as crucial to the economic well-being. But are...
A CLOSE LOOK AT WHAT TO EXPECT GOING FORWARD

A CLOSE LOOK AT WHAT TO EXPECT GOING FORWARD

Quite a bit has changed in the global markets and future expectations over the past 4+ weeks.  Q4 2019 ended with a bang.  US/China Trade Deal, US signing the USMCA Continental Free Trade Agreement, BREXIT and now the Wuhan Virus.  On top of all of that, we’ve learned...
The Future of What’s Called “Capitalism”

The Future of What’s Called “Capitalism”

The psychotic instability will resolve itself when the illusory officially sanctioned “capitalism” implodes. Whatever definition of capitalism you use, the current system isn’t it so let’s call it “capitalism” in quotes to...
Subprime Loans Will Be Back With A Vengeance In 2020

Subprime Loans Will Be Back With A Vengeance In 2020

One of the lasting legacies of the economic collapse a decade ago is subprime. After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Everything is subprime nowadays, as banks,...