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Is the Terminator Coming? Reflections on Moore’s Law

Written by Gary North on September 15, 2014

moore's-law

Moore’s law: the number of transistors per square inch on a chip doubles every [??] months. The number of months gets shorter, decade by decade. The pace has accelerated since 1965, when Moore made his observation. It may be as low as 12 today. The cost of information keeps dropping. It gets less, decade by […]

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Federal Reserve Reports on the Failure of the Federal Reserve

Written by Gary North on September 5, 2014

IncomeMeanMedian

The media are full of stories about a recent article in the Federal Reserve Bulletin (Sept. 2014) on how poor people got poorer, 2010-13, while rich people got richer. The article is titled, “Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances.” What the media systematically neglect to […]

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Recession in 2015 — Levy

Posted on August 19, 2014

david-levy

Just as the US economy strengthens, other countries threaten to drag it down. Employers in the US are creating jobs at the fastest pace since the late 1990′s and the economy finally looks ready to expand at a healthy rate. But sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism […]

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India’s Central Bank Chief Sounds a Warning . . . Again

Posted on August 11, 2014

Raghuram Rajan

Back in 2005, Raghuram Rajan, then economic counselor at the International Monetary Fund, stood up in front of the annual meeting of prominent economists and bankers at Jackson Hole, Wyo., and gave a presentation that his listeners could never have expected. The U.S. investor community was reveling in the high growth and stable financial conditions […]

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Teen Unemployment In Major U.S. Cities Tops 50%

Posted on June 7, 2014

teen-unemployment

Old timers often say that the young people in the U.S. today don’t have the work ethic of their predecessors. This may be true, but is this perceived weakness a symptom of a greater problem? Has the opportunity for many young people to find employment diminished, and thus made it harder for them to learn […]

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Median Household Income Down 9% Since 1999

Written by Gary North on May 22, 2014

household-income

David Stockman has offered a useful table. It reveals that median household income in the United States peaked in 1999. Since then, adjusted for price inflation, it is down by 9%. The Federal Reserve pumped in trillions of dollars in fiat money. The U.S. government has run trillions of dollars in deficits. Stockman’s conclusion is […]

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New Car Glut — USA

Written by Gary North on May 20, 2014

new-car-lot

The glut is here. Some 3.27 million new cars are now sitting on lots across the U.S., more than there have been in almost five years, according to Automotive News. That’s a lot of cars—just enough to equip every man, woman, and child in the state of Iowa with a new vehicle, and just slightly […]

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Worldwide New Car Parks: No Buyers, No Prospects

Written by Gary North on May 19, 2014

Around Europe, cars are being parked in huge lots. There are no buyers. Yet to conceal reality, car companies are parking them and walking away, leaving them to rust. The aerial photographs are simply astounding. These are new-car parks. No one wants them. No one is expected to want them. The car manufacturers pretend that […]

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Studies Show Obamacare Means Higher Costs For Young Adults

Posted on April 26, 2014

Obamacare

Buying health insurance doesn’t really change what young adults spend out-of-pocket on health care over the course of a year, Kaiser Health News reports. A Journal of Adolescent Health analysis of 2009 federal data on patient spending found that young adults who were insured at least part of the year had higher emergency room costs […]

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