By Graham Summers
Few if any commentators understand what is happening in the US today. The reason for this is that the vast majority of investment professionals believe that what they’ve experienced in their lifetimes is the norm.
Put another way, an entire generation of investment professionals has:
1) Never witnessed a secular economic change
2) Never witnessed or invested during a bear market in bonds
3) Hasn’t studied enough history to know about either Read More »
EDITOR’S COMMENT: Here is a rather contrarian viewpoint on the Euro sovereign crisis, which claims that survival is the only option for the EU, and that Germany has far too much at stake to allow the euro to collapse, or even worse disappear. Frankly, there are some pretty sound arguments for this conclusion, but I believe that it is a little premature to anticipate this mainly optimistic conclusion, but, as always, I Read More »
Survival is the New Revival Following This Most Difficult of Years – Telegraph
“Very Scary”: The World Won’t End in 2012, But Might Feel Like It’s About To – Yahoo
Job Creation Is Price for New U.S. Health Law – Bloomberg “We simply cannot risk their jobs and their money by investing when we know that legislation like Obamacare will make it so much harder to earn a profit.”
In Germany the Economy Hums and the Euro Crisis Seems Elsewhere – LA Times
A Country In Denial About Its Fiscal Future – Newsweek “Political leaders assume that financial markets won’t ever choke on U.S. debt and force higher interest rates, stiff spending cuts and tax increases.”
By Charles Hugh Smith
Students stuck with gargantuan loans for life are bound in a bank-dominated “improvement” of indentured servitude.
Yesterday ( Risk is Necessary for Adaptation, Innovation and Success) I discussed the inevitable failure of systems in which risk has been transferred from those who reap the gain to others. In the case of student loans, the risk has been transferred to students who enter decades of indentured servitude.
Indentured servitude Read More »
Jack Mintz: U.S. Too Big to Fail – National Post
Why Americans Support Voter ID Laws – Pittsburgh Post Gazette Perhaps our Attorney General should read this!
In Praise of the House – Weekly Standard
Ponnuru: What ‘Fact Checkers’ Call Lies, I Call Politics – Bloomberg
The Candidates and Repeal of Obamacare – Weekly Standard
By Max Slavo
If the abhorrent unemployment numbers, the nearly 50 million on government food assistance, dwindling savings accounts, collapsing real estate values, and negative economic growth (when adjusted for inflation) are not enough to convince you that we are in a long-term depressionary cycle, then maybe these latest statistics of “near poor” Americans will:
Down but not quite out, these Americans form a diverse group sometimes called “near poor” and sometimes simply Read More »
By Detlev Schlichter
The world is facing the worst financial crisis since at least the 1930s, “if not ever,” the governor of the Bank of England said last week, when he explained to an increasingly sceptical and weary public the bank’s decision to print yet more fiat money and use it to buy yet more government bonds. I doubt that his words or his actions will do much to restore confidence. And they Read More »
Jim Rogers ‘Not Too Optimistic’ About World for Next 3 Years – Moneynews
Dear Santa: For Christmas, The World’s First Trillionaire, Please – Forbes
Will a Reelected President Obama Face More Gridlock in 2013? – Daily Beast
The Sun Belt’s Comeback – Forbes “Even such hard-hit states as Arizona appear to be making an unexpected, and largely unheralded, recovery.”
Time to End Washington’s Banana Republic Budgeting – Washington Examiner “It has now been 969 days, almost three years, since Senate Democrats have produced an annual budget plan, as they are required to do by law.”
By Jeffrey Tucker
The secretary of state — our roving ambassador from the land of the free — travels the world to denounce governments that would interfere with digital freedom. “They aim to impose a system, cemented in a global code, that expands control over Internet resources, institutions and content,” said Hillary Clinton at The Hague of several measures pushed by China, Russia and others, “and centralizes that control in the hands of Read More »
Spending and Incomes Show Weak November Gains – AP/Yahoo
U.S. Shoppers Less Than Merry after Online Glitches – Reuters
Congress To Fund Massive Expansion Of TSA Checkpoints – Info Wars
Web Gambling Gets Boost from Obama Administration – Reuters
Even Profitable Firms Fleeing California – Orange County Register “California businesses can expect little sympathy from leadership in Sacramento.”
