By John Tamny for Real Clear Markets
“…millions of men are marching at once toward the same horizon; their language, their religion, their manners differ; their object is the same. Fortune has been promised to them somewhere in the west, and to the west they go to find it.” – Alexis De Tocqueville, Democracy In America
Whatever today’s unmployment figure, the economy’s continued stagnation will be expressed through a rate that is way Read More »
By Tim Iacono for Iacono Research
During my entire career as an engineer working out of a cubicle, from the early-1980s to the late-2000s, I constantly lived with the unwarranted fear that I’d be laid off, despite the fact that my name never strayed too far from the top of the ranked lists that mid-managers regularly compiled so they could act quickly if higher levels of management wanted to make cuts (I was Read More »
One crisp Sunday afternoon under bright blue skies, my wife and I visited five homes up for sale. We remembered them by their street names: Big Acre, Blue Silo, Pontiac, Prairie Rose and Lamont. The lineup has a poetic ring to it, but the real music is the potential rates of return from owning them and renting them out.
This was the second weekend we went hunting. It’s been a fascinating Read More »
EDITOR’S COMMENT: FEATURED ARTICLE! Like Addison Wiggin, I view myself as somewhat of a “contrarian-type” investor, but mostly as a “value-type” of investor. I really try to invest in those investments that are underpriced or undervalued by the marketplace. His comments on buying a house are, in my opinion, very timely and very accurate.
While I mostly agree with his thoughts on the demand/supply situation regarding housing, my interest here is that, like Read More »
EDITOR’S COMMENT: I’ve posted this perceptive article by a self-employed carpenter, because I believe it discusses several important aspects of our current and near-term economy. Importantly, this discussion takes place from the perspective of an “everyday,” working, man-in-the-street, rather than the highly-paid, removed-from-reality economists of Wall Street and Washington. He discusses the outlook for the housing industry and how a craftsman, such as himself, should transition his skills for the advent of Read More »
By Tim Iacono
They say that bottoms for long-term cycles are virtually undetectable in real time because they are so long and so flat with most market participants having lost interest in the sector, as was the case for stocks back in the early 1980s. According to two big investment banks, the long awaited bottom for the U.S. housing market will come in the year ahead, though it’s not clear if anyone will Read More »
By John Tamny
Though it made the front page of USA Today last week, a headline about individual U.S. mobility drew little comment from the economic commentariat. This is odd given the economic peril it signals, particularly in light of the high rate of unemployment in the United States.
According to the USA Today account of Census Bureau statistics, only 11.6% of Americans changed their addresses from 2010 to 2011, “the lowest rate Read More »
EDITOR’S COMMENT: I’m featuring this commentary, because there really are tens of thousands, formerly middle class Americans, living this economic despair.
There is no judgement here, as I’m merely trying to make everyone aware of these circumstances, since the mainstream press has almost totally ignored all this, since it doesn’t fit the image of the phony recovery that our government want you to believe is occuring. Unfortunately, given our current and future economic straits, I don’t Read More »
By Doug Casey, Casey Research
I really dislike sounding inflammatory. Saying that things are going to go terribly wrong runs a risk of being classed with those who think the world will end in December 2012 because of something Nostradamus or the Bible says, or because that’s what the Mayan calendar predicts.
This is different. In the real world, cause has effect. Nobody has a crystal ball, but a good economist (there are Read More »
By James West for Midas Letter
That the United States government, the U.S Federal Reserve, and a plethora of financial institutions, are in breach of numerous U.S. laws in regards to fraud and fiduciary duty to the American people, is held to be self-evident, by a growing minority of individuals around the world. That this breach of law and duty has resulted in the deterioration of the global marketplace, diminished opportunities for workers, Read More »
