Home / Economic Conditions

The Looming Smash-Up of the World’s Economy

Written by Gary North on September 24, 2016

world-economy

Ambrose Evans-Pritchard has written an article on a United Nations report on debt and default. He is a Keynesian. He worries about deflation. Deflation is the ultimate negative sanction in his view. Like all Keynesians, he does not understand the healing effects of deflation. But I read him because he provides data on the fragility […]

Continue reading →

The Economy Is Rigged

Posted on September 24, 2016

economy

By John Mauldin Yes, the system is rigged, just not in the way that 99% of the people think it is and not by those they think are doing the rigging. Greed is not the reason for the rigging, nor are any of the other usual “follow the money” reasons. We cannot make a convenient […]

Continue reading →

Jim Willie Cries “Wolf!” Again

Written by Gary North on August 13, 2016

FRED-AMB2016

He keeps trying. He is always wrong. I begin with a chart of Federal Reserve monetary policy. Since October 2014, the FED has pursued the longest period of monetary stability in the last 30 years. Let’s look at this chart from October 2014 until today. This reveals deflation, not inflation. This is not what is […]

Continue reading →

Railroad Revenue Goes Off the Tracks

Posted on January 23, 2016

trainwreck

With Union Pacific, Canadian Pacific Railway and CSX reporting downbeat quarterly earnings recently, company executives and analysts say the rail sector is clearly in recession — and the industry may signal contraction in the broader economy as well. On Thursday, top U.S. railroad operator Union Pacific (NYSE:UNP) said freight revenue for coal plunged 31% in […]

Continue reading →

China Syndrome: The Great Unwind

Posted on January 2, 2016

ghost-city

By David Stockman The giant credit fueled boom of the last 20 years has deformed the global economy in ways that are both visible and less visible. As to the former, it only needs be pointed out that an economy based on actual savings from real production and income and a modicum of financial market […]

Continue reading →

We’re Wealthier Than the Government Says

Written by Gary North on September 12, 2015

wealth

Most economic statistics don’t lie, but they mislead. The statistics produced by the Bureau of Labor Statistics are pretty good, according to prevailing economic theory and statistical theory, but they are misleading to a fault. This is not because the government rigs the statistics. It is because objective statistics cannot deal effectively with subjective value. […]

Continue reading →

David Stockman’s Burden

Written by Gary North on September 5, 2015

stockman

David Stockman has written the finest piece of financial journalism of our generation: The Great Deformation: The Corruption of American Capitalism. It shows how we got into the mess we are in. Blame the government. Then blame us. It is our government. We must not parrot Flip Wilson’s Geraldine: “The devil made me do it!” […]

Continue reading →

Taxes: Bad News, Good News

Written by Gary North on April 25, 2015

Tax-Recession

Federal tax receipts are approaching 17.5% of GDP. Whenever the percentage gets this high, a recession follows. That’s the bad news. What’s the good news? The percentage rarely gets above this, and when it does, there is a recession. Receipts fall. This means that the federal government cannot get above 20%. It can borrow to […]

Continue reading →
Page 1 of 17123456»10...Last »