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Prepare now for a coming COVID-19 depression
Tweet Summary: A recession is certain. Unless the epidemic breaks soon, a depression seems likely. Lessons from history tell us how to fight it. But much of our experience is irrelevant and we must...
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Can MMT pay for the Democrats’ Green New Deal?
Tweet Summary: The Left plans to pay the fantastic cost of the Green New Deal using an untried economic theory (we will be their lab rats, again). That is, never successfully tried (e.g., the...
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Why did the Fed raise rates? For the opposite of the reason they gave…
Tweet Summary: The Fed Governors told us they planned to raise rates, and months ago told us when they would do so. But their explanation of why they raised rates makes little sense. We can see their...
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What Will the US Do in a Recession? Look to Japan for Answers…
Tweet Summary: In a previous article I listed the powerful tools the US government would deploy during the next recession. Today we discuss something more important: will they work? We can look to...
View ArticleCan we happily borrow our way to a Green New Deal?
Is it the government a cornucopia of money, so that we need not worry about its debt?
View ArticleThe Left plans an experiment to pay for the Green New Deal
The Left plans to pay for the Green New Deal by experimenting with an untried economic theory. We're their lab rats.
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Today’s mythbusting: the Fed is not suppressing interest rates
Summary: Here’s another in my series of economic myth-busting articles, explaining that the Fed is not suppressing rates. It is a follow-up to Ignore The Bond Bears, The Fed Will Not Raise Rates. Part...
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The Fed Will Not Raise Rates In The Foreseeable Future
Summary: Since 2010 I have said that the economy is locked in slow-mo and the Fed will not start a new rate cycle. It’s even more true today than in 2010. Many investors and economists are convinced...
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ECRI looks at our Great Monetary Experiment: It’s Too Big to Fail
Summary: The Economic Cycle Research Institute (ECRI), who correctly predicted the slow recovery, explains the slow growth in which the US and Japanese economies are mired, and the fantastic monetary...
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Stratfor: Germany and ECB Face Off. Better than any WWF fight.
Summary: The monetary experiments central banks are running in Japan, Europe, and America will shape the global economy of the 21st century — no matter what the result. Here Stratfor looks at the...
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The Government Has A Clip Full Of Ammo To Fight The Next Recession
Summary: It’s time to prepare for a possible recession in 2016. The manufacturing slump continues to deepen. A toxic combo: high inventories in November and weak retail sales in December. In February...
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Why did the Fed raise rates? For the opposite of the reason they gave…
Summary: The Fed Governors told us they planned to raise rates, and months ago told us when they would do so. But their explanation of why they raised rates makes little sense. We can see their...
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What Will the US Do in a Recession? Look to Japan for Answers…
Summary: In a previous article I listed the powerful tools the US government would deploy during the next recession. Today we discuss something more important: will they work? We can look to Japan for...
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The Fed will use these power tools during the next big recession
Summary: Six years after the recession ended, we are due for another recession. Many experts say that the government is “out of bullets” to fight the next severe downturn. That’s quite false because...
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Updating the recession watch; & what might the government do to fight a...
Summary: The economic data continues to darken. Let’s review the situation — updating the recession watch — and guessing what might be the government’s response to a recession. It’s an era of new...
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Let’s ignore another warning from the BIS. Do we enjoy paying for burst bubbles?
Summary: As one market after another drifts off into bubble valuations, a few institutions warn of the consequences. As usual (we’ve done this so many times), we ignore them — our passivity and...
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Today began the next phase of the great monetary experiment, as reality plays...
Summary: Today began the next phase of the great monetary experiment, the collision of Central Bankers’ bold promises with reality. History suggests skepticism about the odds of CB’s success (e.g.,...
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2015 might bring an end to the great age of experts’ experiments on us
Summary: Beam us down to Earth on 31 December 2015. What will we find? My guess is that the massive experiments now underway by experts will have borne fruit, and we’ll know if they were sweet or...
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For Japan there is no road but to an economic recovery
Summary: the most contrarian thing you’ll read today. Japan was a big story in 2014. The hopes for its rise — quickly crushed — created ripples around the world. Today’s post features an article by an...
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Richard Koo gives a “Post-QE forecast: sunny, cloudy, or stormy?”
Summary: Prosperity, perhaps even survival, in the 21st century might require learning which experts we should listen to. In economics its a short list, if we limit it to people who have understood...
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