Yield Purchasing Power: $100M Today Matches $100K in 1979 by Keith Weiner I wrote a story about poor Clarence who retired in 1979, and even poorer Larry who retired last year. I created these characters to challenge the notion of calculating a real interest rate by subtracting inflation. The idea is that the decline …
Category: Economy
Aug 04
Today’s News August 4, 2015
Washington's "Fifth Columns" Inside Russia And China Submitted by Paul Craig Roberts, It took two decades for Russia and China to understand that “pro-democracy” and “human rights” organizations operating within their countries were subversive organizations funded by the US Department of State and a collection of private American foundations organized by Washington. The real purpose …
Aug 03
Today’s News August 3, 2015
Chinese Economy Crashes To 2-Year Low; China Stocks Plunge, Asian Stocks Test 2015 Lows Yet again the endless reasurance from the talking heads of the world is proven fallacious as the crash in China's stock market has apparently crashed its economy. China's Manufacturing PMI final print for July collapsed to 47.8 – its lowest since …
Aug 02
Today’s News August 2, 2015
Venezuela Increasingly Looks Like A War Zone Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency (one black market Bolivar is now worth 107 times less than the official currency’s exchange rate) …
Aug 01
Today’s News August 1, 2015
Paying In A Broken World Submitted by Tom Chatham via Project Chesapeake, It is a common reaction to ask, how much is that, when we see something we want or need. The question is answered with some monetary figure that people will recognize and use to determine if they can afford it. But what happens …
Jul 31
Today’s News July 31, 2015
Liar Loans Pop up in Canada’s Magnificent Housing Bubble Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichter For a long time, the conservative mortgage lending standards in Canada, including a slew of new ones since 2008, have been touted as one of the reasons why Canada’s magnificent housing bubble, when it implodes, will not take down the financial system, …
Jul 30
Today’s News July 30, 2015
Affirmatively Destroying America's Neighborhoods In The War On Suburbia Submitted by Bob Livingston via PersonalLiberty.com, Few of us understand patient gradualism. We live and have our being within a few years and mostly in an unconscious automated state of mind. But people in power are long-term planners. They absolutely understand human nature and how to …
Jul 29
Today’s News July 29, 2015
Supply And Demand In The Gold And Silver Futures Markets Authored by Paul Craig Roberts and Dave Kranzler, This article establishes that the price of gold and silver in the futures markets in which cash is the predominant means of settlement is inconsistent with the conditions of supply and demand in the actual physical or current …
Jul 28
Today’s News July 28, 2015
Municipal Madness From the Slope of Hope: Only a government employee could point to a 99.5% failure rate and declare it a success. Look no farther than my local newspaper this morning: the city of Menlo Park (which is an affluent superb like Palo Alto, but even whiter and more sheltered) spent hundreds of thousands of …
Jul 27
Today’s News July 27, 2015
Supply and Demand Report 26 Jul by Keith Weiner For those who are speculating on the dollar—i.e. most people—there was good news this week. The dollar rose almost a milligram, to 28.3mg gold. That’s a big gain, and welcome news for those who keep all of their eggs in the one dollar basket, perhaps …
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