Posts Tagged ‘ depression ’

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What’s Bad for Bernanke Is Worse for You

Sep 1st, 2010 | By | Category: Featured, Macro Economics
Bad day for stocks, Monday. A bad day. Not a terrible day. Not a crash day. Just a bad day. The Dow fell 140 points. This was baaaad...because it shows that the stock market does not really buy Bernanke’s storyline. You’ll recall that when we left off last week, Ben Bernanke assured ...read more

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Posted in Featured, Macro Economics | 3 comments


It’s Delightful, It’s Delirious, It’s Deflation

Aug 17th, 2010 | By | Category: Economics, Featured, Morning Whiskey
In the usual bombardment of suspect statistics subject to revision next month there are a couple with considerable prospects for amusement, only partially because Messires Obama, Geithner, and Bernanke did not enjoy them if they even bothered to look. We here in the Bar seldom believe official numbers these days, ...read more

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Posted in Economics, Featured, Morning Whiskey | 27 comments


Recession, Texas Style

Apr 28th, 2010 | By | Category: Featured, Morning Whiskey
We Texans pride ourselves on everything being bigger and better, but the definition of a "better" depression is a smaller, lighter one. I wrote months ago about how Texas was last into the Depression and has been hit less hard than most areas. At that time, only Brownsville, on the ...read more

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Posted in Featured, Morning Whiskey | 30 comments


Quack Economists and the Fraud of GDP

Feb 24th, 2010 | By | Category: Featured, Macro Economics
Now... about that ‘recovery’... It’s true that there are some signs of “stabilization.” The unemployment rate is not getting badder as fast as it was a few months ago. And house prices seem to have stopped falling - for the moment. It’s also true that the economy managed to register positive ‘growth’ ...read more

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Posted in Featured, Macro Economics | 2 comments


Keynesian Krugman Without a Clue

Feb 5th, 2010 | By | Category: Economics, Featured
Even when Paul Krugman gets it right, he still gets it wrong. Now, I am not someone who is a knee-jerk critic of the guy, although I generally expect Krugman to blame the wrong people and recommend the wrong “solutions.” Thus, when I saw the title of his most recent ...read more

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Posted in Economics, Featured | 4 comments


The Top Ten Things to Worry About Surviving in a Bad Economic Climate

Nov 16th, 2009 | By | Category: Featured, Morning Whiskey
I staked out my position on the Doom & Gloom side back in 1992 when I was shocked by the problem I discuss first. What should you be concerned about? Start with the basics: what do you think you might have to survive? No point in making plans if you ...read more

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Posted in Featured, Morning Whiskey | 25 comments


The Good Old Days of Depression and Stimulus

Jul 29th, 2009 | By | Category: Featured, Macro Economics
Just getting to Vancouver was a revealing trek.  Despite the ongoing Great Recession, it never ceases to amaze me how busy are the major airports.  My trip took me through Atlanta and Seattle, and both airports were wall-to-wall travelers.  The waiting areas were full, the planes were packed and the ...read more

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Posted in Featured, Macro Economics | 4 comments


Gold Stocks in a Depression

Jun 4th, 2009 | By | Category: Featured, Gold
What if deflation wins? While we think the odds are strongly stacked against it, particularly given the government’s furious pace of money printing, the prudent investor understands – and respects – the time-tested adage, “Nothing is guaranteed.” So while our chips sit squarely on the spot marked “inflation,” what will happen ...read more

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Posted in Featured, Gold | 5 comments


Reduced Standards of Living

Mar 31st, 2009 | By | Category: Featured, Macro Economics, Oil
Mr. Obama heads to Europe now where official hostility is rising against the Anglo-American method of pounding monetary sand down the rat-holes of “non-performing” debt, bankrupt enterprise, and bubble-levitated bonds. Our poised and charming Prez may escape personal obloquy from the quaint old-world street folk, but most of the other ...read more

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Posted in Featured, Macro Economics, Oil | 2 comments


Executive Order 10-988

Mar 20th, 2009 | By | Category: Commodities, Featured, Morning Whiskey, Personal Liberties
I keep thinking of Ray Stevens ("Ahab the Arab," "Shrine Convention," "The Day the Squirrel Got Loose," etc.) I just want to sing my little song," plot my stock charts, love my great sailor, play in my greenhouses, buy gold no matter what the economy is doing, and be the happiest ...read more

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Posted in Commodities, Featured, Morning Whiskey, Personal Liberties | 5 comments


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