Fears of a Popped Bubble: China’s Real Estate Boom Falters

Written by Gary North on March 4, 2013

CBS News’ 60 Minutes ran a feature on China’s real estate bubble. It’s worse that anyone has heard. It has begun to pop. Today, the news is that China’s property-related shares are falling because of fears regarding this popped bubble. As must as 30% of China’s economy is housing-related. The biggest bubble in history has […]

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Republican Governor Cuts State Income Tax

Written by Gary North on March 4, 2013

Kansas has cut its state income tax to 4.9% at the top and 3% at the bottom. The top rate had been 6.45%. The governor, Sam Brownback, is now pushing for another cut at the top to 3.9%. His long-term target is 0%. The state’s constitution prohibits a deficit in the budget. So, he has […]

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Video: Peter Schiff vs. John Mauldin on the State of the Economy

Written by Gary North on March 2, 2013

My former partner (Mauldin) and my former stock broker (Schiff) square off. This is the way to get issues clearer. It’s muddle-through economics vs. the Austrian theory of the business cycle. My view: it’s time to prepare personally for the impact of the Austrian theory of the business cycle by taking advantage of Bernanke’s monetary […]

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Who Will Win the Game of Sequestration Chicken?

Written by Gary North on March 1, 2013

Obama says Congress must raise taxes on the rich. Public opinion polls say most Americans agree. Most Americans are thieves. They want all of the government-provided goodies at someone else’s expense. That is what the welfare state is all about. Speaker of the House Boehner says “no deal. Cut spending.” If he deviates this month, […]

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Bernanke Hails Higher Interest Rates as a Good Sign. Problem: Bond Rates Have Fallen.

Written by Gary North on March 1, 2013

On Wednesday, February 27, Bernanke testified to the House Financial Services Committee. He said this under questioning. “The fact that interest rates have gone up a bit is actually indicative of a stronger economy.” Rising rates indicate that the Federal Reserve’s stimulus policy is working. Short-term interest rates on U.S. Treasury debt are up a […]

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Video: DHS Checkpoints. Ask: “Am I Being Detained?”

Written by Gary North on February 28, 2013

Department of Homeland Security stops drivers who refuse to be questioned. These checkpoints were 50 miles from the border. They have no probable cause. They have no warrants. But they have badges. And they have attitude. Think of Alabama in 1960. Think these words: “Look here, boy.” Same profession. Same pool of job applicants. Same […]

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