Posts Tagged ‘ stimulus ’

Austerity American Style

Jun 22nd, 2011 | By | Category: Economics, Featured, Macro Economics
The artificially engineered U.S. recovery is already starting to falter as a fusillade of weakening data continues to shoot the economy full of holes. Recent numbers on GDP, durable goods, housing, regional manufacturing, initial unemployment claims and leading economic indicators all indicate a sharp slowdown in GDP growth. All this ...read more

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Posted in Economics, Featured, Macro Economics | 2 comments


Is China Going Boom Or Bust?

Mar 22nd, 2010 | By | Category: Currencies, Featured, International
First let me confess that I have not been to China. Some folks think that handicaps me. They are woefully mistaken. I make it a pretty steadfast rule not to go to Washington, either, but I can give you a good idea of what’s going on there. Since I have no ...read more

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Posted in Currencies, Featured, International | 2 comments


One Year After the Government Stimulus

Mar 1st, 2010 | By | Category: Economics, Featured, Politics
Last week marked the one-year anniversary of the American Reinvestment and Recovery Act, or the stimulus bill, passing into law. While the debate over its success has been focused on whether or not it is stimulating the economy and on various questionable uses of funds, in my estimation this legislation ...read more

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Posted in Economics, Featured, Politics | 7 comments


The Economy Has Six Months to Live

Jan 12th, 2010 | By | Category: Economics, Featured
The economy has about six months to live. Especially the part that consists of swapping paper certificates. That’s the buzz I’ve gotten the first two weeks of 2010, and forgive me for not presenting a sheaf of charts and graphs to make the case. Just about everybody else yakking about ...read more

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Posted in Economics, Featured | 18 comments


Stimulus Money Creation Makes Gold More Attractive

Dec 21st, 2009 | By | Category: Featured, Gold, Macro Economics
The U.S. government sells debt in dollars. It also prints dollars. That means it can print new dollars to pay off its debt. It needn't default, i.e. be unable to find currency to pay its creditors. If it were issuing debt in a foreign currency, say Yuan, then it would ...read more

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Posted in Featured, Gold, Macro Economics | 6 comments


The Effects of Epic Stimulus

Aug 25th, 2009 | By | Category: Commodities, Featured, Macro Economics
What makes investing particularly difficult now is that the distortion in prices, as if reflected in a funhouse mirror. Normally market prices should reflect underlying demand and supply. As in a vegetable stand, the prices come from the buying and selling of people in the market. But with all the artificial ...read more

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Posted in Commodities, Featured, Macro Economics | 3 comments


Romulus, Remus, Stimulus: A Brief History of Monetary Madness

Jul 27th, 2009 | By | Category: Featured, Macro Economics
Those whom the gods would destroy are first granted stimulus. When a man wins the lottery, for example, it has a stimulating effect on everyone around him. He usually spends the money quickly - often even before he gets it. But no matter how much he wins, he is usually ...read more

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Posted in Featured, Macro Economics | 7 comments


Stimulus, Deficit and Elections: Obama Has No Clothes

Feb 23rd, 2009 | By | Category: Featured, Macro Economics, Politics
It would be unfair to pounce all over Team Obama this early in their administration. After all, while the Democrats bear a lot of responsibility for the knee-deep toxic mess now covering the floor of the engine room, the bulk of the responsibility has to rest on the shrugging shoulders ...read more

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Posted in Featured, Macro Economics, Politics | 6 comments