Category: Corruption

“Mother of all Shorts” when Stocks Cave to Reality?

“Mother of all Shorts” when Stocks Cave to Reality?

“Everything feels distorted and unnatural”: Citigroup On Monday, the S&P 500 index edged down 1.2 points. Over the last three trading days, the &P 500 has moved in a 12-point range, from 2175 to 2187. The index is now down...

The Blessing of Cash

The Blessing of Cash

by Joseph T. Salerno Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors. The negative rate will apply only to corporate customers, including mutual fund managers and pension funds,...

Total Societal Collapse: What the Media Isn’t Telling You About Venezuela

Venezuela — Life in Venezuela now consists of empty grocery stores, record rates of violent crime, and widespread shortages of just about everything. The economic and political conditions have been deteriorating for years, but recent stories coming from this once-rich nation are astonishing. Bars have run...

Housing: I’ve Worked Thru 4 Bubbles – They All End The Same

Housing: I’ve Worked Thru 4 Bubbles – They All End The Same

The three primary drivers of the economy are starting to head south:  retail, housing, autos.  I can smell the housing market slipping away now. I’ve been early on housing, like I was when the mid-2000’s Bubble 1.0 popped, but I...

Social Security, Obamacare and Private Prisons – An Insiders Dream

How many Americans know that America has privatized prisons, the shares of which are listed on stock exchanges? Free market ideologues provided cover for corrupt Republican politicians to divert taxpayers’ hard-earned money to favored political insiders with the false claim...

M2 Money Velocity Began Dying in 1997 And What That Means For Us

M2 Money Velocity Began Dying in 1997 And What That Means For Us

It is correct to say that money velocity does not do anything.  It does not do anything in the way that the speedometer on your car does not do anything.    But it is an important measurement, a ratio of the amount of money...